|Bid||28.30 x 800|
|Ask||28.56 x 900|
|Day's Range||28.01 - 28.57|
|52 Week Range||24.67 - 44.57|
|Beta (3Y Monthly)||1.52|
|PE Ratio (TTM)||18.49|
|Earnings Date||Oct 30, 2019 - Nov 4, 2019|
|Forward Dividend & Yield||0.84 (2.97%)|
|1y Target Est||34.71|
Some mixed news is out on the state of the housing market. Realtor.com finds in a new report that lower interest rates are bringing more buyers into the market, but inventories are coming down as more potential sellers decline to list. Realtor.com’s Chief Economist Danielle Hale joins Yahoo Finance’s Brian Sozzi to discuss.
Adam Contos was a cop with an entrepreneurial bug that carried him to the top job with one of the world’s largest franchisors. After 11 years in law enforcement, Contos was tapped by Re/Max co-founder Dave Liniger to handle franchise developments across several regions. Today, he’s transforming the real estate franchise company with new technology that aims to make agents more productive and homebuyers more prone to open a Re/Max app instead of Zillow’s. And he’s also watching the quick expansion of a relatively new mortgage business line.
For some of Denver’s top business executives, the only thing that’s certain is uncertainty. From a co-founder of an oil and gas company who made the tough decision to shut down her business in Colorado due to the state's energy climate to a CEO who’s working to innovate his real estate franchising business as troves of tech startups seek disruption in that industry, to an insurance executive who needs to figure out what the future of work looks like a decade from now, these C-suite executives understand the enormous challenges that their businesses face on a daily basis. “The largest demons we all battle in our businesses [are] certainty and uncertainty,” said Adam Contos, chief executive officer of Re/Max Holdings (NYSE: RMAX).
DENVER, Sept. 17, 2019 /PRNewswire/ -- August 2019 existing home sales slipped 1.6% from a year ago, despite buyer demand exceeding available housing supply, according to the RE/MAX National Housing Report. Buyer demand outpaced homes listed for sale in August, causing the largest inventory decline in 13 months. An analysis of the report's 53 metro areas shows August inventory shrank 5.5% year-over-year, the largest drop since 7.8% in July 2018.
Nick Bailey left his post as chief executive officer at Century 21 earlier this year to return to Colorado — a state his family calls home. Of course, that decision, he said, sparked speculation of a return to his former employer, Denver-based Re/Max Holdings Inc. (NYSE: RMAX), where he spent 12 years leading growth and development for regional operations across the country. On Tuesday, the real estate franchising company made it official, naming Bailey, a 23-year veteran of the real estate industry, as its new chief customer officer.
DENVER, Sept. 3, 2019 /PRNewswire/ -- RE/MAX Holdings, Inc. (RMAX), parent company of RE/MAX, one of the world's leading franchisors of real estate brokerage services, today announced industry veteran Nick Bailey has returned to the organization in the newly created position of Chief Customer Officer (CCO). Bailey, who most recently served as President and CEO of Century 21 Real Estate LLC, a subsidiary of Realogy, brings more than 23 years of real estate industry experience to his new role. "If anyone can help our Broker/Owners cut through the noise of a changing industry, it's Nick Bailey," said Adam Contos, RE/MAX CEO.
A drop in home sales from June to July is typical in the report's 53 metro areas. "July sales snapped back after a tepid June, as attractive low interest rates appear to have brought more buyers into the mix," said RE/MAX CEO Adam Contos. "The housing market has been a bit uneven since the early spring, with each encouraging month seemingly followed by one with lukewarm results.
DENVER, Aug. 7, 2019 /PRNewswire/ -- RE/MAX, LLC, one of the world's leading franchisors of real estate brokerage services, has launched branded digital stickers available on messaging and social media channels for RE/MAX affiliates at no additional cost. The RE/MAX Digital Sticker Pack is the latest digital offering for the Network's agents and brokers following the launch of the booj Platform productivity suite earlier this week. The innovative mobile marketing campaign delivers animated stickers to agents, homebuyers and home sellers and serves as a fun and unique communications tool for agents to stay top of mind with clients.
CHICAGO, Aug. 5, 2019 /PRNewswire/ -- Less than two years after acquiring the award-winning web development and software firm booj, RE/MAX, LLC today announced the launch of the booj Platform, an integrated suite of digital products that will empower high-producing agents, teams and brokers to proactively establish, manage and grow client relationships. Developed by booj engineers in collaboration with thousands of RE/MAX affiliates, the booj Platform is focused on delivering a better customer experience by streamlining the work of agents, from lead generation to post-close nurturing and beyond. RE/MAX understands real estate is a local business and these sites are designed to position RE/MAX affiliates as local experts.
Looking to take on Zillow and the swath of startups trying to disrupt the real estate industry, Re/Max Holdings launches its newly acquired tech platform this week that aims to give homebuyers a better shopping experience and agents a more efficient platform to do business. In February, Re/Max (NYSE: RMAX) acquired booj, a Denver-based real estate web-development and software company, in hopes of boosting its real estate franchising business through the new technology. “We just didn’t want a tech platform at Re/Max — we wanted an experience,” said Jerry Modes, senior vice president of information technology for the company.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of RE/MAX, LLC and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
RE/MAX (RMAX) delivered earnings and revenue surprises of 10.17% and -0.06%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
DENVER , Aug. 1, 2019 /PRNewswire/ -- Second Quarter 2019 Highlights (Compared to second quarter 2018 unless otherwise noted) Total agent count increased 3.2% to 127,020 agents U.S. and Canada combined ...
DENVER, July 31, 2019 /PRNewswire/ -- RE/MAX Holdings, Inc. (RMAX), parent company of RE/MAX, LLC, one of the world's leading franchisors of real estate brokerage services, and of Motto Mortgage, an innovative mortgage brokerage franchise, announced today that its Board of Directors declared a quarterly cash dividend of $0.21 per share of Class A common stock. RE/MAX Holdings, Inc. (RMAX) is one of the world's leading franchisors in the real estate industry, franchising real estate brokerages globally under the RE/MAX® brand, and mortgage brokerages within the U.S. under the Motto® Mortgage brand. Now with more than 125,000 agents across over 110 countries and territories, nobody in the world sells more real estate than RE/MAX, as measured by total residential transaction sides.
RE/MAX (RMAX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
DENVER, July 17, 2019 /PRNewswire/ -- Typically the strongest month for home sales, June saw closings decline 4.7% from May and 7.8% from June 2018, according to the RE/MAX National Housing Report. Going in the opposite direction, June's Median Sales Price of $276,000 was an all-time high in the 10-year history of the report. "Record prices appear to have kept June sales figures from topping a strong May," said RE/MAX CEO Adam Contos.
DENVER , July 9, 2019 /PRNewswire/ -- RE/MAX Holdings, Inc. (the "Company") (NYSE: RMAX), parent company of RE/MAX, one of the world's leading franchisors of real estate brokerage services, ...
DENVER, July 9, 2019 /PRNewswire/ -- RE/MAX, the world's most productive real estate network*, had more agents recognized than any other real estate brand for the annual ranking of "America's Best Real Estate Professionals" by REAL Trends + Tom Ferry. "The unwavering strength of the RE/MAX network is rooted in our brokers and agents, the stars of the real estate industry," said Adam Contos, CEO of RE/MAX. "RE/MAX has more of 'America's Best' real estate professionals in our network than any other real estate brand.
All the long-promised changes in residential real estate are finally upon us, says one analyst in a recent note, changing his outlook on the stocks under his coverage.
At the same time, inventory grew for the eighth consecutive month, representing the most units for sale since August 2016 in the report's 54 metro areas. Homes sold quickly, as evident in the Days on Market average of 47 – the second-fastest May average in the 10-year history of the report. The Median Sales Price of $259,500 was up 3.4% year-over-year, representing the lowest May increase since 2011.
DENVER , June 11, 2019 /PRNewswire/ -- RE/MAX Holdings, Inc. (NYSE: RMAX), parent company of RE/MAX, LLC, one of the world's leading franchisors of real estate brokerage services, and of Motto Mortgage, ...