Group 1 - RE/MAX reported quarterly earnings of $0.41 per share, exceeding the Zacks Consensus Estimate of $0.35 per share, and showing a slight increase from $0.40 per share a year ago, resulting in an earnings surprise of 17.14% [1] - The company posted revenues of $78.45 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.37%, although this represents a decline from year-ago revenues of $82.45 million [2] - Over the last four quarters, RE/MAX has surpassed consensus EPS estimates four times and topped consensus revenue estimates two times [2] Group 2 - The stock has underperformed, losing about 37.1% since the beginning of the year, while the S&P 500 has gained 9% [3] - The current consensus EPS estimate for the coming quarter is $0.35 on revenues of $78.36 million, and for the current fiscal year, it is $1.25 on revenues of $310.96 million [7] - The Zacks Industry Rank indicates that the Real Estate - Operations sector is currently in the bottom 31% of over 250 Zacks industries, suggesting potential challenges for stock performance [8]

Group 1: Homeownership Aspirations - The dream of homeownership remains a significant goal for Gen Z and Millennials in the U.S., with 63% indicating they are eager and ready to become homeowners despite market conditions [4][5][6] - Nearly two-thirds (65%) of Gen Z first-time homebuyers express eagerness for homeownership, while 61% of Millennials share similar sentiments [7] Group 2: Concerns and Considerations - Key concerns for Gen Z include affording upfront costs (40%) and property taxes (48%), while Millennials are more concerned about qualifying for a mortgage (42%) and maintenance costs (54%) [7] - Over half (56%) of Gen Z and Millennials are willing to compromise on factors like price, location, and size to achieve homeownership [7] Group 3: Importance of Professional Guidance - A significant majority (90%) of respondents are likely to work with a real estate agent when buying or selling a home, with 63% considering using an agent or mortgage lender to learn about the homebuying process [11][13] - The most valuable aspect for respondents is having an agent guide them through the entire process [11] Group 4: Financial Readiness and Knowledge - More than half (57%) of Millennials feel confident in their financial readiness to purchase a home, compared to 47% of Gen Z [10] - A higher percentage of Millennials (42%) have started saving for a down payment compared to 35% of Gen Z [10]

Inventory Continues to Increase Amid Modest Median Price Growth and Home Sales Decline "It's good to see inventory levels rising, as more listings represent more options for buyers," said Amy Lessinger, President of RE/MAX, LLC. "Given the decline in sales, it's evident that buyers are sensitive to interest rates, highlighting the need for lower rates to stimulate significant growth in market activity." New Listings Closed Transactions | --- | --- | |-----------------|-----------------------| | | | | | | | ...

DENVER, July 11, 2024 /PRNewswire/ -- RE/MAX Holdings, Inc. (NYSE:RMAX), parent company of RE/MAX, one of the world's leading franchisors of real estate brokerage services, and Motto Mortgage, the first and only national mortgage brokerage franchise brand in the U.S., will release financial results for the quarter ended June 30, 2024, after market close on Thursday, August 8, 2024, and will host a conference call and webcast for interested parties on Friday, August 9, 2024, at 8:30 a.m. Eastern Time. Please ...

BOSSCAT Home Services and Technologies is the real estate platform reshaping homeownership by digitizing home inspection data for instant estimates and online ordering of repair, renovation, and maintenance services. Proprietary technology and exclusive access to property data power the platform to deliver lifecycle services at scale through innovative products, process automation, and direct integration with industry partners. BOSSCAT has offices in Charleston, South Carolina; Irvine, California; and Honol ...

DENVER, June 13, 2024 /PRNewswire/ -- In May, both inventory and new listings grew to levels not seen since the second half of 2022. The number of homes for sale, as surveyed across 53 metro areas, also increased, rising 8.7% over April and 39.6% year over year. And for the third consecutive month, the number of new listings exceeded 2023 levels by double-digit percentages – 15.1% in May, 18.2% in April, and 17.6% in March. The Median Sale Price increased 2.4% over April to $435,000. That was 4.8% higher th ...

2024 RealTrends Agent and Team Rankings Reflect the High Quality, Productivity Throughout the RE/MAX Network About the RE/MAX Network As one of the leading global real estate franchisors, RE/MAX, LLC is a subsidiary of RE/MAX Holdings (NYSE: RMAX) with more than 140,000 agents in nearly 9,000 offices and a presence in more than 110 countries and territories. Nobody in the world sells more real estate than RE/MAX, as measured by residential transaction sides. RE/MAX was founded in 1973 by Dave and Gail Linig ...

Sales Increase for Third Consecutive Month, New Listings Far Ahead of Last Year DENVER, May 16, 2024 /PRNewswire/ -- April, the gateway to what are traditionally the busiest months for home sales, has set the stage nicely with closings increasing 11.2% over March and 9.0% over last April. Sales have increased month over month since February. At the same time, new listings climbed 6.3% month over month and 18.2% over last year across the 50 metro areas surveyed. That, in turn, boosted the number of homes for ...

The annual RE/MAX Commercial event zeroes in on helping build Commercial Brokers' business, June 10-12 in Tampa DENVER, May 8, 2024 /PRNewswire/ -- RE/MAX, LLC, the #1 name in real estate1, announces the highly anticipated 2024 RE/MAX® Global Commercial Symposium, slated from June 10-12 at the Tampa Bay Marriott Water Street in Florida. With a lineup of dynamic speakers, the event offers a unique opportunity for RE/MAX Commercial Brokers to strengthen their skills and for all affiliates to explore the realm ...

RE/MAX Holdings, Inc. (RMAX) Q1 2024 Earnings Conference Call May 3, 2024 8:30 AM ET Company Participants Andy Schulz - Senior Vice President-Investor Relations Erik Carlson - Chief Executive Officer Karri Callahan - Chief Financial Officer Amy Lessinger - President, RE/MAX, LLC Conference Call Participants Soham Bhonsle - BTIG Ryan McKeveny - Zelman & Associates Ronald Kamdem - Morgan Stanley Tommy McJoynt - KBW John Campbell - Stephens Operator Good morning and welcome to the RE/MAX Holdings First Quarter ...