Welcome to our dedicated page for RE/MAX HOLDINGS news (Ticker: $RMAX), a resource for investors and traders seeking the latest updates and insights on RE/MAX HOLDINGS stock.
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Rhea-AI Summary
RE/MAX Holdings, Inc. announces the promotions of three senior leaders, Amy Lessinger, Abby Lee, and Susie Winders, in recognition of their contributions. Amy Lessinger becomes President of RE/MAX, LLC, Abby Lee is promoted to Executive Vice President of Marketing, Communications, and Events, and Susie Winders is elevated to Executive Vice President, General Counsel, Chief Compliance Officer, and Secretary.
Rhea-AI Impact
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End-of-Day
-2.35%
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Rhea-AI Summary
RE/MAX Holdings, Inc. reports a decrease in total revenue and adjusted EBITDA for the fourth quarter of 2023 compared to the same period in 2022. The net loss attributable to the company also increased. Despite challenges in the housing market, the company remains optimistic for 2024.
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End-of-Day
-2.35%
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The press release highlights a significant surge in new listings of homes in January, with a 66.3% increase from December and a 21.5% rise compared to January 2023. This surge was accompanied by year-over-year growth in closed sales and inventory, indicating a positive outlook for the upcoming spring home sales season. The median sales price also saw a 5.2% increase from January 2023, reaching $405,000.
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-3.43%
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RE/MAX, LLC will hold its annual R4® convention in Las Vegas, March 25-28, 2024, featuring thousands of agents from dozens of countries. The event will include educational sessions, networking opportunities, and business development activities, along with celebrity keynote speakers and a concert. The convention aims to help real estate professionals build their business, with a focus on demystifying artificial intelligence, maximizing referrals, securing listings, enhancing digital presence, and using technology and other resources.
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Rhea-AI Sentiment
End-of-Day
1.6%
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RE/MAX, LLC has been voted as the #1 Most Trusted Real Estate Agents in the USA and Canada for several years, according to an independent survey conducted by BrandSpark International in collaboration with Newsweek magazine. With over 140,000 agents in over 9,000 offices in more than 110 countries and territories, RE/MAX agents have been recognized for their high productivity and superior support. The survey results reinforce the trust and customer service that RE/MAX agents provide, making them the best option for consumers who want an elevated experience and outstanding results.
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0.99%
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News
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RE/MAX Holdings, Inc. (RMAX) will release financial results for the quarter and full year ended December 31, 2023, and will host a conference call and webcast for interested parties on February 23, 2024. Investors and participants can register for the telephonic version of the conference call in advance.
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Rhea-AI Sentiment
End-of-Day
-1.56%
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RE/MAX, the #1 name in real estate, released a consumer survey revealing that prospective homebuyers are willing to consider creative property and financing options due to fluctuating market conditions and affordability concerns. The survey found that nearly 80% of buyers are considering adjusting their homebuying plans, with 43% considering other property types and financing options. Affordability remains a top priority, with 73% of respondents interested in purchasing a fixer-upper for a lower listing price, and 27.7% considering purchasing a home with a friend or family member. The survey reflects buyers' willingness to go outside their comfort zone to achieve homeownership in 2024.
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Rhea-AI Sentiment
End-of-Day
-0.18%
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December 2023 exhibited a traditional end-of-year slowing in housing market activity, with homes sold on the market for an average of 47 days, sales averaging 98% of the listing price, and a 2.5 months' supply of inventory. Home sales dropped 7.3% year over year, and inventory slipped just 0.7% from December 2022. New listings were up 2.7% year over year, and the median sold price of $400,000 was 3.9% higher than December 2022.
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Rhea-AI Sentiment
End-of-Day
-2.89%
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RE/MAX, LLC (RMAX) celebrates the addition of 24 RE/MAX offices in the U.S., welcoming nearly 330 agents between Oct. 2 and Dec. 31, 2023. The new offices, conversions, and expansions highlight the brand's attractiveness to real estate entrepreneurs, reaffirming RE/MAX as the #1 name in real estate.
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Rhea-AI Sentiment
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-2.38%
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RE/MAX, LLC (RMAX) reports a decline in home sales and inventory, with a 9.8% drop in November sales compared to October and a 6.5% decline year-over-year. The median sales price was $405,000, $5,000 less than October but $13,000 higher than November 2022. New listings were down 19.1% from October, but up 1.5% year over year. The months' supply of inventory was 2.6, up from 2.3 in October 2023. Despite the decline, President and CEO Nick Bailey sees potential for a more active 2024 with recent price and interest rate drops.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.03%
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RE/MAX HOLDINGS, INC.
NYSE:RMAX
RMAX Rankings
RMAX Stock Data
145.36M
13.23M
11.56%
88.87%
7.64%
Lessors of Other Real Estate Property
Real Estate and Rental and Leasing
United States of America
DENVER
About RMAX
re/max was founded in 1973 by dave and gail liniger, with an innovative, entrepreneurial culture affording its agents and franchisees the flexibility to operate their businesses with great independence. over 100,000 agents provide re/max a global reach of over 100 countries. nobody sells more real estate than re/max. re/max, llc, one of the world’s leading franchisors of real estate brokerage services, is a subsidiary of re/max holdings, inc. (nyse:rmax). with a passion for the communities in which its agents live and work, re/max is proud to have raised more than $130 million for children’s miracle network hospitals®, susan g. komen® and other charities. for more information about re/max, to search home listings or find an agent in your community, please visit www.remax.com.