The decline in residential property prices appears to be slowing, according to preliminary data from First American CoreLogic. A preview of its November report shows that home prices fell 9.6 percent last month, compared with 10.4 percent in October and 11.2 percent in September. “The consistent deceleration over the past two months with November indicating [...]
Archive for December, 2008
Signs of Letup in Home Price Slide
Posted in Positive Economic News, Real Estate News, tagged First American CoreLogic, Positive Economic News, RE/MAX, Real Estate News on December 30, 2008 | 1 Comment »
Annual Study Ranks RE/MAX as No. 1 Real Estate Franchise
Posted in Listing Info, RE/MAX Stats, Winners, tagged Entrepreneaur Magazine, Franchise 500, RE/MAX, RE/MAX Allegiance, RE/MAX News on December 30, 2008 | 1 Comment »
RE/MAX is the United State’s No. 1 real estate franchise – and the nation’s No. 44 franchise overall – according to Entrepreneur magazine’s 30th Annual Franchise 500 survey. The survey appears on the magazine’s Web site and in its January 2009 issue. Subway bested McDonald’s to capture the top position overall. Behind No. 2 McDonald’s [...]
Crescenzi: What Home Inventory Plunge Means
Posted in Positive Economic News, Real Estate News, tagged Positive Economic News, RE/MAX, RE/MAX Allegiance, Real Estate News, Tony Crescenzi, Underbuilding on December 23, 2008 | Leave a Comment »
The number of unsold new homes fell 34k in November, the most ever. There are now 372k unsold new homes for sale, significantly below the peak of 570k in June 2006. The level is approaching normal. The supply problem is in the existing home market. It lags but it’s next: the underbuilding of homes relative [...]
What’s a Previous Client Worth?
Posted in Real Estate News, tagged RE/MAX Allegiance, Real Estate Marketing, Real Estate News on December 19, 2008 | 2 Comments »
Real estate professionals are encouraged to forge new relationships to generate business, but they should not forget past clients, as research shows the 20-year value of a client tops $93,000 on average. As that is an average, in many of our markets, that number is much higher. What are YOU doing to continue your relationship [...]
RE/MAX Continues Listing Dominance; Long and Foster at Two Year Low
Posted in Allegiance Stats, Listing Info, Market Stats, RE/MAX Allegiance News, tagged Alexandria Real Estate, Arlington Real Estate, Fairfax Real Estate, Fredericksburg Real Estate, Housing Market, Housing Market Stats, Housing Stats, Housng Sales, Northern Virgina Real Estate, RE/MAX, RE/MAX Allegiance, RE/MAX Allegiance News, Virginia Real Estate, Woodbridge Real Estate on December 16, 2008 | Leave a Comment »
The following represents market share for November 2008, based on listing units, for Virginia MRIS listings. RE/MAX increased its market share lead over Long & Foster, which found itself at a two year low. RE/MAX: 14.99% Long and Foster: 13.9% Coldwell Banker: 7.37% Keller Williams: 6.99% Century 21: 5.29% Weichert: 4.84%
Time to get off the fence!
Posted in Allegiance Stats, Market Stats, Positive Economic News, Real Estate News, Selling Info, Uncategorized, Winners, tagged Alexandria Real Estate, Arlington Real Estate, Blacksburg Real Estate, DC House Appreciation, DC Real Estate, Fairfax Real Estate, Federal Financing Finance Agency, FHA Loans, Fredericksburg Real Estate, Good Economic News, Harrisonburg Real Estate, Housing Market, Housing Market Stats, Housing Price Appreciation, Housing Price Appreciation by State, Housing Stats, Housng Sales, Interest Rates, Maryland House Appreciation, Maryland Real Estate, Northern Virginia Real Estate, Positive Economic News, RE/MAX, RE/MAX Allegiance, Real Estate News, Richmond Real Estate, Roanoke Real Estate, VHDA Loans, Virginia House Appreication on December 11, 2008 | 1 Comment »
Interest rates are at 4.5 year lows. Financing is available with little or no money down. Inventory is high with builders and sellers willing to negotiate. A good time to buy? I think so! Worried about appreciation? You should not be as long as you’re looking at your home purchase as a long term investment. Appreciation in Virginia, Maryland and the District of Columbia has consistently out-gained the national average. Time to get off the fence!
Allegiance Dominates in Burke, VA Real Estate Office Productivity
Posted in Allegiance Stats, Listing Info, RE/MAX Allegiance News, Selling Info, tagged Burke Real Estate, Burke VA, Burke VA Real Estate, Burke Virginia, Burke Virginia Real Estate, Long and Foster Burke, RE/MAX Allegiance, RE/MAX Allegiance Burke, Weichert Burke on December 10, 2008 | 1 Comment »
RE/MAX Allegiance-Burke remains, by far, the most productive real estate office in Burke, VA. Allegiance is 18% more productive than Weichert and a whopping 23% more productive than Long & Foster. Stats from the leading three Burke real estate offices: RE/MAX Allegiance 97 Associates 745 YTD Transactions 7.68 Transactions Per Associate YTD Weichert 52 agents [...]
RE/MAX Captures October Market Share
Posted in Uncategorized, tagged Century 21, Century 21 Market Share, Coldwell Banker, Coldwell Banker Market Share, Exit Realty, Exit Realty Market Share, Keller Williams, Keller Williams Market Share, KW, KW Market Share, Long and Foster, Long and Foster Market Share, McEnearney, Prudential, RE/MAX, RE/MAX Allegiance, RE/MAX Market Share, Virginia Listings Market Share, Weichert, Weichert Market Share on December 9, 2008 | 2 Comments »
The following represents market share for October 2008, based on listing units, for Virginia MRIS listings. Pretty remarkable considering the number of licensees Long & Foster has compared with RE/MAX. RE/MAX: 16.25% Long & Foster: 15.69% Coldwell Banker: 6.59% Keller Williams: 6.57% Weichert: 5.34% Century 21: 5.13% Exit: 1.56% McEnearney: 1.20% Prudential: 1.17%
