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RE/MAX HOLDINGS, INC. WELCOMES TOM FLANAGAN AS CHIEF DIGITAL INFORMATION OFFICER
Prnewswire· 2025-09-22 20:30
Core Insights - RE/MAX Holdings, Inc. has announced the hiring of Tom Flanagan as Chief Digital Information Officer, effective immediately [1] Company Overview - RE/MAX Holdings is the parent company of RE/MAX, a leading franchisor in real estate brokerage services [1] - The company also owns Motto Mortgage, the first and only national mortgage brokerage franchise brand in the U.S. [1]
REMAX NATIONAL HOUSING REPORT FOR AUGUST 2025
Prnewswire· 2025-09-16 20:12
Core Insights - U.S. home sales decreased by 1.6% year-over-year in August 2025, marking a decline of 5.5% from July 2025, coinciding with the end of a 17-month growth streak in new listings [1][2][7] - Active inventory increased by 24.4% year-over-year, although it saw a slight decrease of 0.4% from the previous month [2][14] - The median sales price rose by 1.9% year-over-year to $448,000, continuing a trend of annual price gains for 26 consecutive months [2][11] Sales Activity - Home sales in August 2025 were down 1.6% compared to August 2024 and down 5.5% from July 2025 [1][10] - The average close-to-list price ratio remained at 99%, indicating that buyers paid nearly the asking price [7][12] - Homes spent an average of 47 days on the market, which is an increase of eight days from the previous year [3][13] Inventory Trends - The number of new listings fell by 5.9% year-over-year and 9.2% month-over-month, with significant decreases in markets like Trenton, NJ (-44.8%) and Philadelphia, PA (-37.6%) [8][9] - The months' supply of inventory was stable at 2.8 months, up from 2.3 months in August 2024 [7][14] Price Trends - The median sales price across 51 metro areas was $448,000, with notable increases in markets like Manchester, NH (+9.2%) and Coeur d'Alene, ID (+9.0%) [11][12] - The markets with the lowest median sales prices included Cleveland, OH and Wichita, KS, both at $260,000 [5][6] Market Dynamics - Seasonal shifts and broader economic factors are influencing housing market activity, with affordability remaining a challenge despite improvements in mortgage rates [4] - Certain metro areas continue to provide more accessible entry points for buyers, highlighting the importance of local market conditions [4][6]
RE/MAX Holdings, Inc. (NYSE:RMAX) Financial Performance and Competitive Analysis
Financial Modeling Prep· 2025-09-09 15:00
Core Insights - RE/MAX Holdings, Inc. operates through a franchise model, providing real estate brokerage services and is recognized for its extensive network of agents and strong brand presence in the industry [1] - The company demonstrates a Return on Invested Capital (ROIC) of 12.05% and a Weighted Average Cost of Capital (WACC) of 6.34%, resulting in a favorable ROIC to WACC ratio of 1.90, indicating effective capital utilization [2][6] - In comparison, National Bank Holdings Corporation (NBHC) shows an exceptional ROIC of 645.72% and a WACC of 16.29%, leading to a ROIC to WACC ratio of 39.64, highlighting its superior capital efficiency [3][6] - Urban Edge Properties (UE) has a ROIC of 57.67% and a WACC of 7.53%, resulting in a ROIC to WACC ratio of 7.66, indicating effective capital management, though not as high as NBHC [4][6] - Rexford Industrial Realty, Inc. (REXR) presents a ROIC of 4.61% against a WACC of 7.51%, leading to a ROIC to WACC ratio of 0.61, suggesting it is not generating returns above its cost of capital [5][6] - Overall, while RE/MAX shows a healthy ROIC to WACC ratio, it is outperformed by NBHC in terms of capital efficiency [5][6]
REMAX Launches 'Marketing as a Service' Platform to Empower Affiliates and Strengthen Market Leadership
Prnewswire· 2025-08-26 12:36
Core Insights - REMAX has launched Marketing as a Service (MaaS), a data-driven platform aimed at enhancing marketing efficiency for its affiliates in the U.S. and Canada [1][2] - MaaS is designed to provide REMAX agents with advanced marketing tools, enabling them to connect with clients effectively and drive business growth [1][3] Group 1: Product Features - MaaS is powered by AI and offers a seamless experience for affiliates to launch marketing campaigns with minimal effort [2] - The platform includes a no-cost base package featuring flyers, digital content, and performance tracking, with advanced features like lead generation and video campaigns to be introduced later [5][6] - Key features of MaaS include simplified marketing tools, smart automation for campaign preferences, performance reporting with real-time metrics, and polished brand presence reflecting REMAX's refreshed branding [8] Group 2: Strategic Importance - The introduction of MaaS aligns with REMAX's strategy to provide competitive advantages to its affiliates, particularly in social and digital marketing [6][7] - This launch comes alongside other innovations such as MAXReferSM and MAXEngageSM, reinforcing REMAX's commitment to leveraging technology for agent success [6][7] - MaaS strengthens the REMAX value proposition by facilitating easier marketing, prioritizing client engagement, and supporting business growth [7]
RE/MAX Survives By Doing The Right Things, Share Buybacks Could Be Next
Seeking Alpha· 2025-08-22 14:55
Core Insights - The article discusses the merits of RE/MAX (RMAX) as a traditional player in the real estate market, emphasizing its continued relevance and value [1]. Company Overview - RE/MAX is highlighted for its established position in the real estate sector, suggesting that it still holds potential for investors despite being a traditional player [1]. Analyst Background - The author has over 10 years of experience in communications and has worked for various economic institutions, indicating a strong foundation for analyzing the real estate market [1].
REMAX NATIONAL HOUSING REPORT FOR JULY 2025
Prnewswire· 2025-08-20 20:14
Core Insights - U.S. home sales experienced a slight decline of 0.7% in July compared to June, but showed a year-over-year increase of 0.6% compared to July 2024, with homes taking longer to sell, averaging 44 days on the market, up from 37 days a year ago [1][14][15] Sales and Pricing Trends - The median sales price in July was $450,000, reflecting a decrease of 1.1% from June but an increase of 2.3% year-over-year [2][10] - The average close-to-list price ratio was 99%, consistent with June 2025 but down from 100% in July 2024, indicating homes sold for slightly less than the asking price [12] Inventory Dynamics - Active inventory rose by 27.7% year-over-year, although there was a slight month-over-month decline of 0.8% [2][3][17] - The months' supply of inventory increased to 2.8 months, up from 2.2 months in July 2024, indicating a more balanced market [7][17] New Listings - New listings were up 4.4% year-over-year but down 2.5% from June 2025, with notable increases in Houston, Burlington, and Raleigh [5][6] - The markets with the largest year-over-year increases in new listings included Houston, TX (+43.0%), Burlington, VT (+22.6%), and Raleigh, NC (+20.9%) [5][6] Closed Transactions - Overall closed transactions were up 0.6% compared to July 2024 but down 0.7% from June 2025, with Raleigh, NC showing the highest increase in sales at +19.5% [8][9] - The markets with the largest year-over-year decreases in closed transactions included Dover, DE (-10.9%) and San Antonio, TX (-10.3%) [8][9] Market Insights - The housing market is adjusting seasonally, with longer selling times but stable inventory and prices, indicating resilience and opportunities for buyers and sellers [3][4] - Local expertise is emphasized as critical for navigating pricing and strategy in a normalizing market [3][4]
RE/MAX HOLDINGS, INC. ANNOUNCES VIC LOMBARDO AS PRESIDENT OF MORTGAGE SERVICES TO LEAD MOTTO MORTGAGE AND WEMLO BRANDS
Prnewswire· 2025-08-18 20:35
Core Insights - RE/MAX Holdings, Inc. has appointed Vic Lombardo as President of Mortgage Services to enhance technology and customer-first initiatives for Motto Mortgage franchisees and RE/MAX Broker/Owners [1][2] - Lombardo brings over 30 years of experience in the mortgage and real estate industry, previously serving as COO at Guaranteed Rate Affinity [2][3] - The appointment aims to drive growth and operational efficiency in the company's mortgage services, including Motto Mortgage and wemlo, a digital mortgage processing solution [1][4] Company Overview - RE/MAX Holdings, Inc. is a leading franchisor in the real estate industry, operating under the RE/MAX® brand globally and the Motto® Mortgage brand in the U.S. [7] - The company was founded in 1973 and has grown to over 140,000 agents in nearly 9,000 offices across more than 110 countries [7] - Motto Mortgage, launched in 2016, is the first national mortgage brokerage franchise brand in the U.S., with over 210 open offices in more than 40 states [8] Leadership Transition - Lombardo's role was created following the retirement of Ward Morrison in June [2] - He will report directly to RE/MAX Holdings CEO Erik Carlson and is expected to contribute significantly to the Executive Leadership Team [2][4] - Lombardo expressed enthusiasm for scaling the growth of Motto and enhancing the customer experience [4] Inducement Grant - The company announced an inducement award of 75,000 restricted stock units (RSUs) to Lombardo, which will vest in equal installments on March 1 for the years 2026, 2027, and 2028 [5][6] - This award was granted outside of the RE/MAX Holdings, Inc. 2023 Omnibus Incentive Plan but will be governed as if issued under the Plan [6]
REMAX Sells Master Franchise Rights in Malaysia, Expanding the Global Brand's Presence in Southeast Asia
Prnewswire· 2025-08-15 12:38
Core Insights - REMAX has expanded its global presence by signing a regional franchise agreement in Malaysia, joining a network that spans over 110 countries and territories [1][5] - The operation in Malaysia is led by Kelly Ang, an experienced entrepreneur in real estate, who emphasizes the importance of REMAX's reputation and international network [2][3] - REMAX Malaysia aims to grow its team of Registered Estate Agents (REAs) and Real Estate Negotiators (RENs) to better serve clients across the country [3] Company Strategy - The launch of REMAX Malaysia has already received recognition, including the 2025 International Prestige Brand Award, highlighting the professionalism of its affiliates [4] - REMAX is committed to integrity and client service, with a focus on delivering an elevated experience for both professionals and consumers [4] - The company has recently introduced MAXRefer, an AI-powered global referral platform designed to streamline the referral process for agents [4] Global Expansion - The launch in Malaysia follows other international milestones, including the sale of master franchise rights in Côte d'Ivoire and the opening of REMAX Premier in Bahrain, indicating a strategic focus on global growth [5] - REMAX is recognized as a leading global real estate franchisor, with over 145,000 agents in nearly 9,000 offices worldwide [6] - The brand's entrepreneurial culture allows agents and franchisees significant operational independence, contributing to its success in the real estate market [6]
REMAX Teams Up With NFL Star Rookie Matthew Golden To Find Dream Home for His Grandmother
Prnewswire· 2025-08-11 12:27
Core Insights - REMAX collaborates with NFL rookie Matthew Golden to help him purchase a home for his grandmother, fulfilling a personal promise made after his draft selection [1][2] - The homebuying journey is documented through a series of videos and social media posts, showcasing the challenges and milestones faced during the process [5][6] Company Overview - REMAX is a leading global real estate franchisor with over 145,000 agents in nearly 9,000 offices across more than 110 countries and territories, recognized for selling the most real estate globally [8] - The company has a strong community focus, having donated over $218 million to Children's Miracle Network Hospitals since 1992, with all donations benefiting local hospitals [4] Partnership Details - Matthew Golden worked closely with Nimesh Patel, Broker/Owner of REMAX Fine Properties, to navigate the home search and purchase process, ultimately finding a suitable home in Kohrville, Texas [2][3] - The selected home is located near Golden's childhood neighborhood, emphasizing the personal significance of the purchase [3][4] Marketing and Outreach - REMAX is leveraging social media platforms to share the homebuying experience, aiming to connect with audiences by highlighting relatable challenges in the current real estate market [6] - The initiative is branded as "Get Golden Home," celebrating the journey of homeownership and the emotional aspects tied to it [6]
REMAX Showcases Agent-Centric Innovations Driving Vision into Action at Annual Broker Owner Conference
Prnewswire· 2025-08-08 12:38
Core Insights - REMAX is accelerating innovation and enhancing its brand experience for agents and affiliates, focusing on modernization and strategic growth [3][4][8] - The annual Broker Owner Conference (BOC) gathered over 500 attendees to discuss new strategies and tools aimed at improving agent performance and brokerage profitability [2][8] Innovation and Strategy - The leadership team is committed to providing resources that help agents secure more listings efficiently, with a focus on building competitive strategies [4][8] - Key innovations include a lead concierge service, an AI-powered referral system, and a rewards platform for social media engagement, all designed to enhance lead generation and marketing effectiveness [4][8] Brand Evolution - The brand's evolution centers on placing agents at the forefront, as highlighted by the introduction of a refreshed logo and personalized branding materials [5][6] - Physical marketing assets, including yard signs, have been made available to support agents in their local markets [6] Company Culture and Growth - REMAX emphasizes maintaining its strong culture while scaling, ensuring that growth aligns with core values and community engagement [7][8] - The focus is on attracting productive professionals who can effectively close deals and win listings, reinforcing the brand's market position [7][8] Conference Highlights - The conference featured influential speakers who provided insights on market trends and strategies for success in a rapidly changing environment [11] - The event underscored REMAX's commitment to building a robust foundation for future growth through collaboration and innovation [9][11]