RE/MAX HOLDINGS, INC. - RMAX STOCK NEWS

October 2024 showed remarkable housing market activity with home sales increasing 6.7% from September and 8.4% year-over-year. While new listings decreased slightly by 0.7% month-over-month, they surged 14.8% compared to October 2023. The median sale price reached $430,000, marking a 4.9% increase from the previous year.

Notable market highlights include San Antonio's 24.6% year-over-year increase in home sales and Las Vegas leading new listings growth at 40.1%. The average days on market was 42 days, and buyers paid 99% of asking prices. The months' supply of inventory stood at 2.6, with active inventory up 28.4% year-over-year.

RE/MAX Holdings reported Q3 2024 results with total revenue decreasing 3.4% to $78.5 million. The company's Adjusted EBITDA increased 2.0% to $27.3 million, with a margin of 34.8%. Total agent count showed a modest increase of 174 agents (0.1%) to 145,483, though U.S. and Canada combined agent count decreased 4.4%. The company's performance was marked by operational efficiency improvements, despite challenges in the U.S. market where agent count declined 6.5%. Recent hurricanes Helene and Milton are expected to impact Q4 revenue by $1.0-1.5 million due to fee waivers for affected affiliates.

RE/MAX has been ranked #1 among real estate brands on the 2024 Franchise Times Top 400 for the 16th consecutive year, securing the #14 spot overall, up from #15 in 2023. The ranking is based on global systemwide sales. The company maintains its position as the largest real estate franchise network globally, with more than 140,000 sales associates across nearly 9,000 offices in over 110 countries and territories. Earlier this year, RE/MAX was also recognized in the Entrepreneur Franchise 500 ranking for the 40th consecutive year and was inducted into the Franchise 500 Hall of Fame.

RE/MAX celebrated its fourth annual Global RE/MAX Week from October 6-12, 2024, demonstrating the network's worldwide philanthropic impact. The event saw participation from affiliates across more than 40 countries and 22 U.S. states, showcasing community service initiatives through #GlobalREMAXWeek.

Notable activities included RE/MAX Gateway in Northern Virginia contributing 152.5 volunteer hours, Mongolia's affiliates participating in environmental conservation efforts, Canadian offices donating healthy snacks to schools, and Mexican agents supporting cerebral palsy awareness. The initiative highlighted RE/MAX's commitment to community service across its network of over 140,000 agents in more than 110 countries and territories.

The RE/MAX National Housing Report for September 2024 reveals a cooling housing market with increasing inventory. Key findings include:

- Home inventory rose 6.4% from August and 33.6% year-over-year

- New listings increased 9.7% compared to September 2023

- Home sales dropped 13.3% from August, a seasonal norm

- Median sales price decreased 1.4% from August to $429,000

- Year-to-date sales in 2024 have exceeded 2023 levels in five of nine months

- Median sale price has been higher year-over-year for 15 consecutive months

RE/MAX President Amy Lessinger noted the market's resilience, with buyers still paying 99% of asking price. The report also highlights regional variations, with some markets experiencing significant increases in new listings and others seeing declines in sales.

RE/MAX Holdings, Inc. (NYSE: RMAX), parent company of RE/MAX and Motto Mortgage, has announced the release of its third quarter 2024 financial results. The results will be disclosed after market close on Thursday, October 31, 2024. Following this, the company will host a conference call and webcast for interested parties on Friday, November 1, 2024, at 8:30 a.m. Eastern Time.

Participants can join the webcast 10 minutes before the start of the conference call via the Investor Relations website. An archive of the webcast will be available for a time after the call. For those preferring a telephonic version, registration is available in advance at https://registrations.events/direct/Q4I941153. Registered participants will receive dial-in information and unique credentials to join the call.

RE/MAX's National Housing Report for August 2024 reveals a mixed market. New listings increased 1.6% month-over-month and 7.9% year-over-year, while home sales declined 3.3% from July and 3.8% year-over-year. The median sales price dropped 1.1% to $440,000 but remained 3.5% higher than August 2023. Inventory grew for the sixth consecutive month, up 2.4% from July and 37.6% year-over-year.

Key highlights:

• Buyers paid 99% of asking price
• Days on market increased to 38
• Months' supply of inventory rose to 2.4

Phoenix, AZ saw the largest increase in new listings at 25.0% year-over-year. The market shows resilience with continued price growth, offering opportunities for both buyers and sellers.

RE/MAX, , a global real estate leader, is expanding its strategic partnership with Inside Real Estate to enhance its MAX/Tech platform. The expansion will introduce the BoldTrail platform to RE/MAX brokerages across the U.S. and Canada, starting in fall 2024. This upgrade adds comprehensive back-office capabilities to the existing front-office tools, creating an end-to-end solution for RE/MAX affiliates.

Key features include:

• BoldTrail BackOffice for streamlined operations
• BoldTrail Recruit for talent acquisition
• CORE Home mobile app for client engagement
• Folio, an AI-powered productivity tool

RE/MAX Holdings, Inc. (NYSE:RMAX) has announced the appointment of Cathleen Raffaeli to its Board of Directors, effective August 19, 2024. Raffaeli, who brings over 25 years of board leadership experience in financial services, technology, and education, will serve on the Compensation and Audit Committees. She succeeds retiring board member Kathleen Cunningham.

Raffaeli currently serves as CEO and Managing Director at Hamilton White Group and Soho Venture Partners Inc., focusing on financial strategies and investments. She is also involved with Abrdn PLC, overseeing a $500 billion asset manager. Her early career at Merrill Lynch Realty provided important experience in real estate finance and brokerage operations.

Dave Liniger, Chairman of the Board, expressed confidence in Raffaeli's ability to contribute significantly to the company's growth and strategic goals.