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Share Name | Share Symbol | Market | Type |
---|---|---|---|
RE MAX Holdings Inc | NYSE:RMAX | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.04 | 0.43% | 9.34 | 9.37 | 9.02 | 9.34 | 35,649 | 16:29:55 |
New data reveals property and financing options prospective homebuyers are willing to consider.
DENVER, Jan. 23, 2024 /PRNewswire/ -- From purchasing multi-family properties to co-owning with friends and family, prospective buyers are willing to get creative to become homeowners in the next 12 months, new data reveals. In a consumer survey, released today, RE/MAX, the #1 name in real estate1, showcases Americans' plans for achieving homeownership in 2024.
The housing market has experienced a few years of record-high demand and historically low interest rates. As market conditions continue to evolve, many buyers have been forced to consider other options. The survey found that nearly 80% of prospective homebuyers are considering adjusting their homebuying plans.
"Affordability remains a key concern for homebuyers as home prices, interest rates, and inventory continue to fluctuate," shared Nick Bailey, President and CEO of RE/MAX, LLC. "Despite today's economic environment, it's clear that homeownership is still a priority for many, and the results of our survey prove that buyers are willing to go outside their comfort zone to reach their goal."
Key survey findings include:
Current Market Conditions Continue to Impact Buyers
Fluctuating market conditions and the uncertain rate environment continue to impact homebuyers' plans. Many are considering creative ways to break into the housing market.
Affordability Is the Main Priority
Affordability remains top-of-mind, and homebuyers are willing to explore other property types and financing options to achieve it.
Buyers Are Turning to Friends & Family for Help
Buyers aren't shying away from asking for help on the path to homeownership.
To review additional results from the survey, please visit remax.news.com.
Methodology: Data is based on a survey conducted in partnership with Pollfish and fielded October 16, 2023 among 1,000 men and women in the U.S. between the ages 18-54+, who plan to purchase a home in the next 12 months.Ā
About the RE/MAX Network
As one of the leading global real estate franchisors, RE/MAX, LLC is a subsidiary of RE/MAX Holdings (NYSE: RMAX) with more than 140,000 agents in almost 9,000 offices and a presence in more than 110 countries and territories. Nobody in the world sells more real estate than RE/MAX, as measured by residential transaction sides. RE/MAX was founded in 1973 by Dave and Gail Liniger, with an innovative, entrepreneurial culture affording its agents and franchisees the flexibility to operate their businesses with great independence. RE/MAX agents have lived, worked and served in their local communities for decades, raising millions of dollars every year for Children's Miracle Network HospitalsĀ® and other charities. To learn more about RE/MAX, to search home listings or find an agent in your community, please visit www.remax.com. For the latest news about RE/MAX, please visit news.remax.com.
1Source: MMR Strategy Group study of unaided awareness.
View original content to download multimedia:https://www.prnewswire.com/news-releases/nearly-80-of-prospective-homebuyers-willing-to-adjust-their-homebuying-plans-getting-creative-to-achieve-homeownership-in-2024-302041677.html
SOURCE RE/MAX, LLC
Copyright 2024 PR Newswire
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