El interés en corto de RE/MAX Hldgs da a los inversores una idea del grado en que los inversores apuestan por la caída de las acciones de RE/MAX Hldgs. Los datos de interés en corto se actualizan cada dos semanas.

RE/MAX Hldgs (NYSE:RMAX) Bolsa, Informe de interés en corto

RE/MAX Hldgs

RE/MAX Holdings Inc operates as a franchisor of real estate brokerage services. It recruits and retains agents and sells franchises. The company's operating segments include Real Estate, Mortgage, Marketing Funds, and Others. It generates maximum revenue from the Real Estate segment.

RE/MAX Holdings, Inc. Class A Common Stock

RE/MAX Holdings Inc

<a href="https://www.reuters.com/legal/government/us-justice-dept-questions-scope-realtor-groups-418-mln-settlement-2024-11-25/" title="https://www.reuters.com/legal/government/us-justice-dept-questions-scope-realtor-groups-418-mln-settlement-2024-11-25/">https://www.reuters.com/legal/government/us-justice-dept-questions-scope-realtor-groups-418-mln-settlement-2024-11-25/</a>

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'The U.S. Justice Department's Antitrust Division Warned A Federal Judge On Sunday That Part Of A Proposed $418M Settlement In A Class Action Over Home Sales Commissions Could Limit How Real Estate Brokers Compete; The Settlement With The National Association Of Realtors Would End The Practice Of Forcing Home Sellers To Pay A Commission To A Buyer's Agent In Order To List Their Homes For Sale' - Reuters

WIIM

RE/MAX Holdings shares are trading lower. The company reported Q3 financial results.

RE/MAX Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMAX#NYSE">RMAX</a>) reported quarterly earnings of $0.38 per share which beat the analyst consensus estimate of $0.36 by 5.56 percent. This is a 5 percent decrease over earnings of $0.40 per share from the same period last year. The company reported quarterly sales of $78.478 million which beat the analyst consensus estimate of $78.185 million by 0.38 percent. This is a 3.38 percent decrease over sales of $81.223 million the same period last year.

Earnings

Earnings Beats

RE/MAX Hldgs Q3 2024 Adj. EPS $0.38 Beats $0.36 Estimate, Sales $78.478M Beat $78.185M Estimate

RE/MAX Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMAX#NYSE">RMAX</a>) sees Q4 sales of $71.000 million-76.000 million vs $76.00 million estimate.

Guidance

RE/MAX Hldgs Sees Q4 Sales $71.000M-76.000M vs $76.00M Est

RE/MAX Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMAX#NYSE">RMAX</a>) narrows FY2024 sales outlook from $305.00 million-315.00 million to $306.00 million-311.00 million.

RE/MAX Hldgs Narrows FY2024 Sales Guidance from $305.00M-315.00M to $306.00M-311.00M (Est $310.8M)

The Zacks Real Estate Operations industry constituents are poised to gain from the increased adoption of outsourced real estate services and emerging trends. The easing of monetary policy in many large markets is expected to result in a decrease in borrowing costs, more availability of credit and drive economic growth, in turn fueling transaction activity. Companies like Newmark Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nmrk#NASDAQ">NMRK</a>), Kennedy-Wilson Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kw#NYSE">KW</a>) and RE/MAX Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rmax#NYSE">RMAX</a>) are set to benefit from these positive trends.
However, the industry faces challenges such as macroeconomic uncertainty and geopolitical tensions. Customers remain focused on cost controls and for certain asset categories are delaying their decision-making with respect to leasing.
About the Industry
The Zacks Real Estate Operations industry comprises companies that provide leasing, property management, investment management, valuation, development services, facility management, project management, transaction and consulting services, among others. However, real estate investment trusts or REITs are excluded from this group. Economic trends and government policies impact the real estate market (global and regional), which determines the industry&#39;s performance. Economic activity, employment growth, office-based employment, interest-rate levels, costs and availability of credit, tax and regulatory policies, and the geopolitical environment are the major factors shaping the real estate market&#39;s fate. Also, pandemic-induced public health challenges and geopolitical issues have affected property sales and the leasing lines of businesses.
What&#39;s Shaping the Real Estate Operations Industry&#39;s Future?
Interest Rate Cut Provides Relief for Transaction-Based Business: The latest cut in the interest rates by the Federal Reserve and anticipations of future reductions are expected to drive transaction-based businesses in the United States. Along with the United States, the easing of monetary policy in many large markets is expected to result in a decrease in borrowing costs, more availability of credit, and drive economic growth. This is expected to help investors in better price discovery and consequently result in reduced transaction completion times. It is also expected to lead to a rise in the average deal size, thereby bolstering the industry&#39;s near-term revenue prospects.
Outsourcing of Real Estate Needs to Remain Strong: Real estate occupiers, including corporations, public sector entities, healthcare providers, and those in finance, industry, life sciences and technology, are increasingly preferring to outsource their real estate needs. They are entrusting third-party real estate experts to enhance execution and efficiency. Organizations are seeking strategic advice to reimagine their workplaces and workstyles to foster culture, attract talent and improve performance. These developments are creating opportunities for participants in the real estate operations industry. Major players in the industry are leveraging this transition, securing new clients and expanding relationships with existing ones. Also, companies in this industry continue to prioritize investments in technology as it consistently improves efficiency, delivers client services and supports market share growth.
Certain Real Estate Categories&#39; Demand Hurt: The pandemic has significantly reshaped the use of commercial real estate. Also, economic uncertainty continues to affect real estate sales and leasing activities. While companies are promoting the return to office, this transition is gradual, which is hindering tenants&#39; confidence in long-term commitments. As such, pre-pandemic office occupancy levels are likely to remain elusive in the near or intermediate term. Amid a volatile environment and geopolitical issues, customers remain focused on cost controls and delaying their decision-making with respect to leasing. As such, industrial real estate demand remains subdued and this trend is expected to continue in the near term. Additionally, the pace of business-related travel and in-person interactions has not fully rebounded to pre-pandemic norms.
Zacks Industry Rank Indicates Bright Prospects
The Zacks Real Estate Operations industry is housed within the broader Zacks Finance sector. It carries a Zacks Industry Rank #104, which places it in the top 42% of more than 250 Zacks industries.
The group&#39;s Zacks Industry Rank, which is the average of the Zacks Rank of all the member stocks, indicates robust near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than two to one.
The industry&#39;s positioning in the top 50% of the Zacks-ranked industries is a result of the upward earnings per share outlook for the constituent companies in aggregate. Looking at the aggregate earnings per share estimate revisions, it appears that of late, analysts are gaining confidence in this group&#39;s growth potential. Over the past year, the industry&#39;s earnings per share estimates for 2024 and 2025 have moved 46.8% and 37.2% north, respectively.
Before we present a few stocks that you may want to consider for your portfolio, let&#39;s take a look at the industry&#39;s recent stock-market performance and valuation picture.
Industry Outperforms the Sector &amp; the S&amp;P 500
The Zacks Real Estate Operations industry has outperformed the broader Zacks Finance sector and the S&amp;P 500 composite over the past year.
The industry has advanced 40.8% during this period compared with the S&amp;P 500&#39;s growth of 32.5% and the broader Finance sector&#39;s rise of 31.2%.
<h3>One-Year Price Performance</h3>
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/priceperf.jpg" style="height:228px; width:620px" />
Industry&#39;s Current Valuation
On the basis of the forward 12-month price-to-earnings, which is a commonly used multiple for valuing Real Estate Operations stocks, we see that the industry is currently trading at 17.06X compared with the S&amp;P 500&#39;s forward 12-month price-to-earnings (P/E) of 22.08X. The industry is trading above the Finance sector&#39;s forward 12-month P/E of 16.66X. This is shown in the chart below.
<h3>Forward 12-Month Price-To-Earnings Ratio</h3>
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/ind_&amp;_s&amp;p.jpg" style="height:155px; width:620px" />
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/ind_&amp;_fin.jpg" style="height:153px; width:620px" />
Over the last five years, the industry has traded as high as 32.49X and as low as 11.45X, with a median of 17.26X.
3 Real Estate Operation Stocks to Bet On
RE/MAX Holdings: Headquartered in Denver, CO, it is a franchisor in the real estate industry. The company franchises real estate brokerages globally under the RE/MAX brand and mortgage brokerages within the United States under the Motto Mortgage brand. It also sells ancillary products and services, such as loan processing services, mainly to its Motto network.
RE/MAX is poised to benefit from its strategic growth initiatives. With its efforts to expand the mortgage business and its objective to maintain a strong liquidity position, RE/MAX is well-poised to ride the growth curve.
RE/MAX Holdings currently sports a Zacks Rank #1 (Strong Buy). The Zacks Consensus Estimate for the company&#39;s 2024 earnings per share currently stands at $1.24. The stock has increased 20.8% in the past three months.
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/rmax.jpg" style="height:214px; width:620px" />
Newmark Group, Inc.: Headquartered in New York City, Newmark is a leading commercial real estate services company that is rapidly expanding its presence globally. Together with its subsidiaries, Newmark Group advises and provides services to large institutional investors, global corporations and other owners and occupiers of commercial real estate.
With investments in talent and technology, the company is expected to experience decent performance going forward. It is poised to benefit from the opportunities from the large and highly fragmented market, institutional investor demand for commercial real estate and from the favorable trend toward outsourcing of commercial real estate services.
Newmark carries a Zacks Rank of 2 (Buy) at present. The Zacks Consensus Estimate for the company&#39;s 2024 EPS has remained unchanged at $1.15 over the past month. This also suggests 9.5% growth year over year. NMRK shares have gained 22.7% over the past three months.
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/nmrk.jpg" style="height:215px; width:620px" />
Kennedy Wilson: Headquartered in Beverly Hills, CA, Kennedy Wilson is a global real estate investment company that invests in high-growth markets across the United States, the U.K. and Ireland. KW is engaged in the ownership, operation and investment in real estate on its own and through its investment management platform.
The company is expected to benefit from the continued growth of its investment management business and healthy demand for its high-quality multifamily and commercial portfolio.
Kennedy Wilson has a Zacks Rank of 2 at present. The Zacks Consensus Estimate for 2024 EPS has moved significantly upward over the past two months to $2.96. This suggests a notable increase year over year. The company&#39;s shares have appreciated 32.1% in the past six months.
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/kw.jpg" style="height:213px; width:620px" />
<a href="https://www.zacks.com/commentary/2350419/3-stocks-to-buy-on-the-real-estate-operations-industry-s-recovery?cid=CS-BENZ-FT-industry_outlook-2350419">To read this article on Zacks.com click here.</a>

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NMRK

3 Stocks to Buy on the Real Estate Operations Industry's Recovery

RE/MAX Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMAX#NYSE">RMAX</a>) released its National Housing Report for September 2024, which showed home sales slowed 13.3% from August and the median sales price <a href="https://www.benzinga.com/pressreleases/24/10/n41330285/remax-national-housing-report-for-september-2024">dropped 1.4% from August to $429,000.&nbsp;</a>
The Details: RE/MAX explained the September home sales dip was a seasonal norm and pointed to prior decreases of 13.8% and 9.7% from August to September in 2023 and 2022, respectively. However, sales were 3.1% below September 2023 <a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41249628/mortgage-rates-make-dramatic-u-turn-freezing-homebuyers-applications-fall-5-as-ma">levels while the median home price</a> was 4.6% higher than in September 2023.
&#8220;While we&#8217;re seeing a slight cooling in sales, it&#8217;s encouraging to note that home inventory has been steadily increasing, giving buyers more options in the market,&#8221; said RE/MAX President Amy Lessinger.&nbsp;
&#8220;The consistency in sales prices and the fact that buyers are still paying 99% of asking price demonstrates the resiliency in today&#8217;s housing market. Lower rates could generate some increased activity as we end 2024 and start 2025,&#8221; Lessinger added.&nbsp;
Read Next: <a href="https://www.benzinga.com/news/24/10/41321699/oil-prices-drop-after-netanyahu-says-israel-will-attack-military-not-oil-or-nuclear-targets-in-iran">Oil Prices Drop After Netanyahu Says Israel Will Attack Military, Not Oil Or Nuclear Targets In Iran</a>
Hot Markets: The markets with the biggest year-over-year increase in median sales price were Hartford, Connecticut, up 11.9%; Cleveland, Ohio, up 9.1% and Providence, Rhode Island, up 8.9%. New listings were up 35.9% year-over-year in Bozeman, Montana; up 32.8% in Phoenix, Arizona and Las Vegas, Nevada, saw the number of new listings rise 27.5%.
Cooling Markets: The markets with the biggest year-over-year decrease in median sales price were Coeur d&#8217;Alene, Idaho, down 4.7%; San Antonio, Texas, down 3.1% and Tampa, Florida, down 2.6%. Tampa also saw the number of <a href="https://www.benzinga.com/real-estate/24/10/41332284/floridas-housing-market-faces-major-setback-as-high-insurance-costs-and-storm-concerns-drive-buyers">new listings</a> fall 12.3% from September 2023 and new listings in San Antonio decreased 9.1%.
Real Estate ETFs: Though inventory is increasing, the U.S. housing market remains tight with buyers paying 99% of the asking price in September. Another way to invest in the housing market is through ETFs which track the U.S. real estate market, usually through Real Estate Investment Trusts (REITs). 
The Vanguard Real Estate ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNQ#NYSE">VNQ</a>) has gained 20% over the past six months and the Real Estate Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>) is up nearly 22% since April 2024. 
RMAX, VNQ, XLRE Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, RE/MAX shares are up 3.03% at $12.23, Vanguard Real Estate shares are up 1.92% at $97.09 and Real Estate Select Sector SPDR shares are up 1.81% at $44.52 at the time of publication Tuesday.
Read Also:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41321567/teslas-optimus-robots-were-remotely-assisted-by-humans-at-we-robot-event">Tesla&#8217;s Optimus Robots Were Remotely Assisted By Humans At &#8216;We, Robot&#8217; Event</a></li>
</ul>
Photo: Shutterstock&nbsp;

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XLRE

September Sales Chill, Prices Cool — But What Markets Are Hot?

Inventory Grows as Home Sales Cool, Prices Dip Slightly
DENVER, Oct. 15, 2024 /PRNewswire/ --&nbsp;The number of homes for sale climbed for the seventh consecutive month across the 52 metro areas surveyed – 6.4% higher than August and 33.6% above September 2023 levels. New listings also increased 9.7% compared to September 2023.

RE/MAX Reports The Number Of Homes For Sale Climbed For The Seventh Consecutive Month Across The 52 Metro Areas Surveyed – 6.4% Higher Than August And 33.6% Above September 2023 Levels. New Listings Also Increased 9.7% Compared To September 2023.

New Listings Pick Up, While Fewer Homes Sell and For Less
DENVER, Sept. 16, 2024 /PRNewswire/ -- August's new listings inched up 1.6% over the previous month after decreasing 9.4% in July and 5.2% in June. Up 7.9% year over year, new listings have remained above 2023 levels in seven of eight months year to date.
Meanwhile, home sales declined 3.3% from July across the 49 metro areas surveyed. Home sale transactions were also down 3.8% year over year – just the third month of 2024 thus far to trail 2023.
The median sales price dropped for the second consecutive month to $440,000, 1.1% below July but remained 3.5% higher than the $425,000 median recorded in August 2023. Overall, the median sales price has remained higher year over year for 14 consecutive months since June 2023.
Inventory continued to grow for the sixth consecutive month. It was up 2.4% from July and contributed to the 37.6% increase in homes for sale in August 2024 compared to August 2023.

Econ #s

RE/MAX Says August's New Listings Inched Up 1.6% Over The Previous Month After Decreasing 9.4% In July And 5.2% In June. Up 7.9% YoY, New Listings Have Remained Above 2023 Levels In Seven Of Eight Months Year To Date; New Listings Pick Up, While Fewer Homes Sell And For Less

With the long-anticipated decline in interest rates finally starting to materialize, early indicators from RE/MAX brokers and agents across Canada suggest steady housing market activity this fall. Average sale prices across all housing types are expected to increase between one and six per cent in the majority of regions by year's end, according to RE/MAX's&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4244172-1&amp;h=1198855962&amp;u=https%3A%2F%2Fblog.remax.ca%2Fcanadian-housing-market-outlook%2F&amp;a=2024+Fall+Housing+Market+Outlook">2024 Fall Housing Market Outlook</a>.
&nbsp;
Ahead of the next Bank of Canada (BoC) interest rate announcement on September 4, two in 10 Canadians (16 per cent) said they will feel more comfortable engaging in the real estate market once they see there is more than a 100-basis-point cut to the BoC's lending rate between now and the end of the year, according to a Leger survey commissioned by RE/MAX as part of the report.

RE/MAX Predicts Steady Canadian Housing Market with Price Gains Amid Falling Interest Rates

The addition of Inside Real Estate's best-in-class back-office suite, enhanced for RE/MAX&#xAE; brokerages, transforms MAX/Techsm into a comprehensive and fully integrated end-to-end platform.
DENVER, Aug. 20, 2024 /PRNewswire/ --&nbsp;RE/MAX, LLC, a global leader in residential real estate, is significantly enhancing the value of its technology through an expanded strategic partnership with Inside Real Estate. The move will bring the acclaimed&nbsp;BoldTrail platform to brokerages in all RE/MAX company-owned regions across the U.S. and Canada via a rolling launch starting this fall.

RE/MAX Expands Strategic Partnership With Inside Real Estate, To Bring The Acclaimed BoldTrail Platform To Brokerages In All RE/MAX Company-Owned Regions Across The U.S. And Canada Via A Rolling Launch Starting This Fall

Home Sales Rise 3.8% While Prices Dip, Inventory Grows
DENVER&nbsp;, Aug. 15, 2024 /PRNewswire/ -- July home sales rebounded 3.8% from June while the median sales price dropped for the first time this year across the 51 metro areas surveyed. The median price of $425,000 was $5,000 – or 1.2% – lower than June's. Compared to one year ago, July home sales were up 6.7% and the median sales price increased 3.7%.

Re/Max Issues National Housing Report For July 2024; Compared To One Year Ago, July Home Sales Were Up 6.7% And The Median Sales Price Increased 3.7%

Stephens &amp; Co. analyst John Campbell maintains RE/MAX Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMAX#NYSE">RMAX</a>) with a Equal-Weight and raises the price target from $9 to $10.5.

Price Target

Stephens & Co. Maintains Equal-Weight on RE/MAX Hldgs, Raises Price Target to $10.5

RE/MAX Sees Q3 2024 Revenue $75M-$80M Vs $77.79M Estimate; Sees FY24 Revenue $305M-$315M Vs $309.35M Estimate

RE/MAX Holdings shares are trading higher after the company reported better-than-expected Q2 financial results.

RE/MAX Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMAX#NYSE">RMAX</a>) reported quarterly earnings of $0.41 per share which beat the analyst consensus estimate of $0.35 by 17.14 percent. This is a 2.5 percent increase over earnings of $0.40 per share from the same period last year. The company reported quarterly sales of $78.453 million which beat the analyst consensus estimate of $77.794 million by 0.85 percent. This is a 4.84 percent decrease over sales of $82.447 million the same period last year.

RE/MAX Hldgs Q2 2024 Adj. EPS $0.41 Beats $0.35 Estimate, Sales $78.453M Beat $77.794M Estimate

Although U.S. stocks closed mixed on Wednesday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#8217;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Tilly&#8217;s</h3>
<ul>
<li>The Trade: Tilly&#8217;s, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TLYS#NYSE">TLYS</a>) 10% owner Pleasant Lake Partners LLC <a href="https://www.benzinga.com/quote/TLYS/analyst-ratings">acquired a total of 116,675 shares</a> at an average price of $5.56. To acquire these shares, it cost around $649,067.</li>
<li>What's Happening: On June 6, Tilly&#8217;s posted a wider-than-expected quarterly loss.</li>
<li>What Tilly&#8217;s Does: Tilly&#8217;s Inc works as a specialty retailer of casual apparel, footwear, and accessories for young men, young women, boys, and girls.</li>
</ul>
<h3 class="wp-block-heading">RE/MAX Holdings</h3>
<ul>
<li>The Trade: RE/MAX Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMAX#NYSE">RMAX</a>) 10% owner MAGNOLIA GROUP, LLC acquired a total of 26,522 shares at an average price of $8.03. To acquire these shares, it cost around $212,914.</li>
<li>What's Happening: On May 2, RE/MAX posted upbeat quarterly results.</li>
<li>What RE/MAX Holdings Does: RE/MAX Holdings Inc operates as a franchisor of real estate brokerage services. It recruits and retains agents and sells franchises.</li>
</ul>
Don&#8217;t forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<h3 class="wp-block-heading">Citi Trends</h3>
<ul>
<li>The Trade: Citi Trends, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTRN#NASDAQ">CTRN</a>) 10% owner Pleasant Lake Partners LLC <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 24,000 shares</a> at an average price of $19.95. To acquire these shares, it cost around $478,756.</li>
<li>What's Happening: On June 4, Citi Trends posted a narrower-than-expected quarterly loss.</li>
<li>What Citi Trends Does: Citi Trends Inc is a retailer of urban fashion apparel and accessories in the United States.</li>
</ul>
Read More: <a href="https://www.benzinga.com/news/24/07/39617741/top-3-health-care-stocks-that-may-crash-this-quarter">Top 3 Health Care Stocks That May Crash This Quarter</a>

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CTRN

TLYS

Insiders Buying Citi Trends And 2 Other Stocks

Sales of <a href="https://www.benzinga.com/real-estate/24/06/39465243/u-s-home-sales-decline-for-third-month-as-record-prices-pose-persistent-affordability-challenges-dur">new single‐family homes</a> declined last month as mortgage rates continued to remain elevated. 
 May sales came in at a seasonally adjusted annual rate of 619,000 homes, according to estimates released jointly on Wednesday by the U.S. Census Bureau and the Department of Housing and Urban Development.
That figure is 11.3% below the revised estimate of 698,000 houses for April and 16.5% below the May 2023 estimate of 741,000 homes.
Also Read: <a href="https://www.benzinga.com/real-estate/24/06/39227959/home-listings-surge-indicating-a-healthier-housing-market">Home Listings Surge, Indicating A Healthier Housing Market</a>
"Persistently high mortgage rates in May kept many prospective buyers on the sidelines," National Association of Home Builders Chairman Carl Harris said in a statement on Wednesday.
"However, significant unmet demand exists, and we expect mortgage rates to moderate in the coming months, which will bring more buyers into the market."
 The interest rate on a 30-year fixed-rate mortgage is 6.875% on Wednesday, which is unchanged from yesterday, Fox Business <a href="https://www.foxbusiness.com/personal-finance/todays-mortgage-rates-june-26-2024">reported</a>. Meanwhile, the interest rate on a 15-year fixed-rate mortgage is 6.000%, which is also unchanged from yesterday.&nbsp;
The Federal Reserve has kept its key interest rate <a href="https://www.benzinga.com/markets/bonds/24/06/39509605/bond-traders-expect-much-deeper-interest-rate-cuts-than-projected">between 5.25% and 5.50%</a> as it waits for the rate of inflation to fall to 2% and expects to cut rates only once this year.
<h1 class="wp-block-heading">Housing Shortage Fuels Unmet Demand</h1>
New home inventory in the U.S. stood at 481,000 homes in May, representing a 9.3-month supply of new homes at the current sales rate, according to the federal housing data. But the combined inventory for new and existing single-family homes remains lean at a 4.4 months' supply, NAHB estimates showed.
The median sales price of new houses sold in May was $417,400, while the average sales price was $520,000, according to data from the Census Bureau and Department of Housing and Urban Development. A year ago, the median sales price was $421,200, while the average sales price came in at $495,800.
In April, the median sales price was $417,900 and the average sales price was $503,700.
Price action: Redfin Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDFN#NASDAQ">RDFN</a>) gained 1.02% on Wednesday, while Re/Max Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMAX#NYSE">RMAX</a>) jumped 2.24%. Anywhere Real Estate Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOUS#NYSE">HOUS</a>) improved 2.87%.
Read Next: • <a href="https://www.benzinga.com/real-estate/24/06/39488167/prospective-homebuyers-get-little-respite-as-mortgage-rates-expected-to-plateau-freddie-mac-predicts">Prospective Homebuyers Get Little Respite As Mortgage Rates Expected To Plateau, Freddie Mac Predicts</a>
Photo: Allison H. Smith via Shutterstock

HOUS

RDFN

New Home Sales Dip In May As High Mortgage Rates Keep Buyers 'On The Sidelines'

RE/MAX Holdings Says Settlement Agreement Granted Final Approval In Antitrust Class Action Lawsuits; Does Not Expect Terms Of Settlement Agreement To Have A Material Impact On Its Results Of Operations And Cash Flows; Under Settlement Agreement, Agreed To Pay Total Settlement Amount Of $55M Into A Qualified Settlement Fund

Stephens &amp; Co. analyst John Campbell maintains RE/MAX Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMAX#NYSE">RMAX</a>) with a Equal-Weight and lowers the price target from $10 to $9.

Stephens & Co. Maintains Equal-Weight on RE/MAX Hldgs, Lowers Price Target to $9

Re/Max Holdings (RMAX) announced industry veteran Chris Lim is joining RE/MAX as Executive Vice President and Chief Growth Officer on February 3. P...

Re/Max Holdings names Chris Lim as Chief Growth Officer

Morgan Stanley analyst Ronald Kamdem maintained a Sell rating on Re/Max Holdings (RMAX – Research Report) today and set a price target of $7.50. Th...

Re/Max Holdings (RMAX) Receives a Sell from Morgan Stanley

The global real estate market's rapid growth has fueled a rising demand for robust software solutions to meet evolving industry needs. Thus, investors looking to capitalize on this growth could grab shares of fundamentally stable real estate tech stocks FirstService (FSV), RE/MAX (RMAX), and Jones Lang LaSalle (JLL). Continue to read… The real estate technology market is poised for significant growth, driven by rapid urbanization and technological breakthroughs. Amid this backdrop, investors could scoop up shares of fundamentally stable real estate tech stocks, FirstService Corporation (<a href="https://stocknews.com/stock/FSV/">FSV</a>), RE/MAX Holdings, Inc. (<a href="https://stocknews.com/stock/RMAX/">RMAX</a>), and Jones Lang LaSalle Incorporated (<a href="https://stocknews.com/stock/JLL/">JLL</a>).
The global real estate market has experienced remarkable growth, driven by rising populations, attractive investor returns, and increasing demand for residential and commercial properties. Urbanization and the development of smart cities are further fueling the need for innovative real estate management solutions to address modern challenges effectively.
According to a report by Grand View Research, the global real estate market is projected to reach $5.85 trillion by 2030, with <a href="https://www.grandviewresearch.com/industry-analysis/real-estate-market">a CAGR of 5.2%</a>. This expansion highlights the growing demand for advanced real estate technologies. As digitalization accelerates, cloud-based solutions are being widely adopted to improve operational efficiency and enhance customer experiences.
Cutting-edge technologies like artificial intelligence, big data analytics, and virtual reality are reshaping the real estate sector, offering transformative potential. A Coherent Market Research report projects the global real estate software market to reach $28.63 billion by 2031, growing at <a href="https://www.coherentmarketinsights.com/industry-reports/real-estate-software-market">a CAGR of 12.6%</a>. These advancements underline promising opportunities for investors and stakeholders alike.
Now, let us dive deep into the fundamentals of three <a href="https://stocknews.com/category/real-estate-services/">Real Estate Services</a> stocks, starting with #3:
Stock #3: FirstService Corporation (<a href="https://stocknews.com/stock/FSV/">FSV</a>)
Headquartered in Toronto, Canada, FSV provides residential property management and other essential property services to residential and commercial customers. The company has two segments: FirstService Residential and FirstService Brands.
On July 30, 2024, FSV's subsidiary, Century Fire Protection, <a href="https://www.globenewswire.com/news-release/2024/07/30/2920903/36351/en/Century-Fire-Protection-Acquires-Citadel-Fire-Sprinkler-and-Sentry-Fire-Protection.html">announced its acquisition</a> of Citadel Fire Sprinkler, Inc. and Sentry Fire Protection Co., Inc. The acquisition aims to expand the company's capabilities regarding fire suppression sprinklers and drive further growth.
On June 6, 2024, FSV's subsidiary, Roofing Corp of America, <a href="https://www.globenewswire.com/news-release/2024/06/06/2894579/36351/en/FirstService-Expands-Commercial-Roofing-Platform.html">announced the acquisition</a> of Crowther Roofing and Cooling and Hamilton Roofing. The acquisition expands the company's portfolio in the roofing market and could enhance consumer growth through these expanded offerings.
For the fiscal 2024 third quarter that ended September 30, FSV's revenues increased 25% year-over-year to $1.40 billion. Its operating earnings rose 71.2% from the year-ago value to $125.90 million. Additionally, adjusted net earnings and adjusted EPS grew 31.7% and 30.4% from the prior year's quarter to $73.77 million and $1.63, respectively.
Analysts expect FSV's revenue and EPS for the fiscal 2025 first quarter (ending in March) to increase 12.3% and 11.4% year-over-year to $1.30 billion and $0.75, respectively. Moreover, the company surpassed consensus revenue estimates in each of the four trailing quarters, which is noteworthy.
Shares of FSV surged 10.7% over the past six months and 21.5% over the past nine months to close the last trading session at $182.36.
FSV's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its solid fundamentals. The stock has an overall rating of B, translating to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
FSV has an A grade for Growth and Sentiment. Within the <a href="https://stocknews.com/category/real-estate-services/">Real Estate Services</a> industry, FSV is ranked #3 out of 45 stocks.
In addition to the POWR Rating highlighted above, you can check FSV's ratings for Stability, Momentum, Quality, and Value <a href="https://stocknews.com/stock/FSV/">here</a>.
Stock #2: RE/MAX Holdings, Inc. (<a href="https://stocknews.com/stock/RMAX/">RMAX</a>)
RMAX is a franchisor of real estate brokerage services. It has three segments: Real Estate; Mortgage; and Marketing Funds. The company offers real estate brokerage franchising services, mortgage brokerage services, mortgage loan processing software and services and more.
On December 18, 2024, RMAX<a href="https://investors.remaxholdings.com/news/re-max-holdings-news/news-details/2024/REMAX-HOLDINGS-LAUNCHES-THE-REMAX-MEDIA-NETWORK-THE-FIRST-IN-REAL-ESTATE/default.aspx"> announced the launch</a> of the RE/MAX Media Network supported by media agency Kontrol Media, positioning the company as the first real estate brand to launch a commerce media network. The launch could facilitate the company's consumer engagement and bring in prospects for its user growth.
For the fiscal third quarter that ended September 30, 2024, RMAX's total revenues came in at $78.48 million. Its <a href="https://www.investopedia.com/terms/o/operatingincome.asp">operating income</a> was reported to be $15.21 million, compared to a loss of $21 million in the previous year's quarter.
Moreover, the company's adjusted net income rose marginally year-over-year to $12.27 million, whereas its adjusted net income EPS amounted to $0.38.
Street expects RMAX's revenue for the fiscal year ending December 2025 to increase marginally year-over-year to $312.83 million. Its FFO for the same period is forecasted to come in at $0.27. The company has also surpassed consensus revenue estimates in three of the four trailing quarters.
RMAX's shares have surged 1.2% over the past six months and 41.7% over the past nine months to close the last trading session at $9.99.
RMAX's robust fundamentals are mirrored in its POWR Ratings. The stock has an overall rating of B, translating to a Buy in our proprietary rating system.
RMAX has a B grade for Growth and Value. It is ranked #2 out of 45 stocks within the Real Estate Services industry.
To access RMAX's Stability, Sentiment, Quality, and Momentum ratings, <a href="https://stocknews.com/stock/RMAX/">click here</a>.
Stock #1: Jones Lang LaSalle Incorporated (<a href="https://stocknews.com/stock/JLL/">JLL</a>)
JLL is a commercial real estate and investment management company. It offers real estate services and is engaged in buying, building, occupying, managing, and investing in commercial, industrial, hotel, residential, and retail properties. The company also offers on-site management services.
On November 19, 2024, JLL <a href="https://ir.jll.com/news-releases/press-release-details/2024/JLL-and-Slate-Asset-Management-announce-technology-joint-venture-to-tackle-data-challenges-for-real-estate-investors/default.aspx">announced a joint venture</a> with Slate Asset Management to introduce JLL Asset Beacon, a software-as-a-service technology platform that integrates data across asset management functions to create a real-time, end-to-end view of performance.
The new offering, armed with various AI capabilities, could enhance the experience of real estate professionals and drive company prospects through user growth.
On November 12, 2024, JLL announced the <a href="https://ir.jll.com/news-releases/press-release-details/2024/JLL-adds-AI-capabilities-to-JLL-Azara-to-transform-data-interaction-for-Work-Dynamics-clients/default.aspx">reinvention of JLL Azara</a>, an AI-powered data analysis application designed to transform how business leaders interact with corporate real estate and facilities management data.
With the increasing popularity of AI-powered tools in professional fields, the release of Azara could enhance the company's position in the real estate tech landscape and bring in better growth prospects.
For the fiscal 2024 third quarter that ended September 30, JLL's revenue increased 14.8% year-over-year to $5.87 billion. Its operating income rose 91.7% from the year-ago value to $228.30 million.
Additionally, adjusted net income attributable to common shareholders and adjusted EPS grew 59.9% and 59.8% from the prior year's quarter to $170 million and $3.50, respectively.
The consensus revenue and EPS estimates of $5.61 billion and $2.17 for the fiscal 2025 first quarter (ending March 2025) exhibit a year-over-year rise of 9.6% and 22.1%, respectively. Moreover, the company has surpassed consensus EPS estimates in all four trailing quarters, which is impressive.
Shares of JLL have surged 50.9% over the past nine months and 55.1% over the past year to close the last trading session at $261.68.
JLL's POWR Ratings reflect its strong prospects. The stock has an overall rating of A, equating to a Strong Buy in our proprietary rating system.
JLL has a B grade for Growth, Sentiment, and Quality. It has topped the 45-stock Real Estate Services industry.
<a href="https://stocknews.com/stock/JLL/">Click here</a> to access JLL's ratings for Momentum, Stability, and Value.
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JLL shares were unchanged in premarket trading Monday. Year-to-date, JLL has gained 3.37%, versus a 1.96% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aritra_Gangopadhyay</h2> <img src='https:/wp-content/uploads/2025/01/Aritra_Gangopadhyay.png' style="float:left; padding:5px;width:125px;">Aritra is a financial journalist dedicated to breaking down complex financial topics into simple, actionable insights. Holding a Master's degree in Economics, he uses his analytical expertise to help investors uncover unique opportunities for long-term success.<a href="https://stocknews.com/authors/?author=aritra-gangopadhyay">More...</a>The post <a href=https://stocknews.com/news/jll-fsv-rmax-3-real-estate-tech-stocks-reshaping-the-industry/>3 Real Estate Tech Stocks Reshaping the Industry</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Real Estate Tech Stocks Reshaping the Industry

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RE/MAX NATIONAL HOUSING REPORT FOR NOVEMBER 2024

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