RE/MAX announced Monday that its global site, Global.remax.com, has drawn in nearly 750,000 unique visitors who have generated 18 million page views in six months.
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The RE/MAX: National Housing Report found that the national median home price rose for the third straight month in April, indicating that the housing recovery in 2012 is continuing. The report surveyed 53 metropolitan areas and found that the median home price was $161,000, 3.2 percent higher than in March and 5.9 percent higher than in April 2011. February marked the first time in 18 months that home prices experienced an increase, and data from March and April shows a positive trend.
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According to a March 2012 housing report released by RE/MAX, home prices have risen for the second month in a row now on a year-over-year basis. The RE/MAX report included 53 metro areas and found the median price in March was $184,525, a 7.3 percent price increase from February, and a 5.8 percent increase from a year ago in March 2011. A consecutive increase on a year-over-year basis has not occurred since August 2010, according to the report.
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RE/MAX has deployed CoreLogic's HomeStandings technology, which is configured with a reporting component that the companies say can help agents quickly identify potentially profitable foreclosed properties that are eligible for resale. The HomeStandings report combines property, neighborhood, and market characteristics to provide a complete local understanding of a home's value, marketability, and rent potential. HomeStandings then generates a grade for each property, enabling RE/MAX agents to assess the overall purchase quality of a home.
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To the chagrin of some industry participants and the elation of others, the Senate voted in favor of an amendment that would reinstate the heightened conforming loan limits for mortgage loans backed by Fannie Mae, Freddie Mac, and the Federal Housing Administration.
The amendment, introduced by Sens. Johnny Isakson (R-Georgia) and Bob Menendez (D-New Jersey), passed with a 60 to 38 vote. Representatives from the National Association of Home Builders and RE/MAX spoke out in support of the Senate's decision, which still needs approval from the House.
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RE/MAX ranked highest for customer satisfaction among both buyers and sellers in J.D. Power and Associates 2011 Home Buyer/Seller Study released this week. On a 1,000-point scale, home buyers rated RE/MAX 805, while home sellers gave the company a rating of 791. Overall satisfaction among home sellers increased from 2010, up to 779 from 742. Overall satisfaction among homebuyers was 797, a slight decrease of six points since the 2010 J.D. Power study.
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RE/MAX Excalibur Realty, RE/MAX Fine Properties, and RE/MAX Professionals have ranked among the top residential real estate brokerages in the state of Arizona based on "The List" survey published annually by the Phoenix Business Journal. RE/MAX was the only company to place three brokerages in the top 21 rankings based on 2010 local residential sales volume. Forty-four percent of the brokerages' sales last year were bank-owned and HUD-owned foreclosures.
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Denver-based RE/MAX, LLC recently promoted company executive Mike Ryan to EVP of global communications and branding. Ryan will lead the company's expansion into distressed property projects, oversee government relations efforts, and continue to supervise brand marketing, RE/MAX University, event management, and corporate communications.
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For the first time in six months, home sales in the 54 U.S. markets surveyed by RE/MAX are greater than one year ago, the company said in its newly released January housing report. RE/MAX says the year-over-year sales difference has improved for three consecutive months now with several cities experiencing double digit growth to lead the trend. Home prices, however, were 4.6 percent lower than in January 2010.
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According to RE/MAX, its commercial division has the second most certified commercial investment member (CCIM) candidates and designees in the industry. A CCIM is a recognized expert in the commercial and investment real estate industry that is professionally trained to help commercial real estate owners and investors seal deals in today's challenging marketplace.
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