RE/MAX gets Times Square treatment again!May 04, 2012, by RE/MAX Insight
RE/MAX gets the Times Square treatment yet again (see photo below)! The PR Newswire building in New York City on Tuesday afternoon displayed the results of the second RE/MAX Market Insights quarterly agent survey, released in April.
The summary graphic, which appears in the just-released edition of ABOVE magazine, made a bold statement to passersby in Times Square about homebuying and selling activity reported by RE/MAX agents in March.
Key findings include:
* Price rebound: 68% say prices will be higher by the end of 2012.
* Today’s prices: 29% below the peak reached during the housing bubble.
* Demand for lower-priced properties: 80% of agents say it’s good or very good.
* Demand for homes in the middle-price ranges: 71% rate it as fair to good.
* Demand for high-priced homes: 58% call it poor to fair.
A snapshot of today’s homebuyers served by RE/MAX agents:
* Roughly one third are first-time buyers. Another third are homeowners looking to sell so they can move up or downsize. * The remainder are mostly investors, who believe the market has hit bottom.
One in five buyers pays cash, receiving an average discount of 15%.
About the survey
RE/MAX Market Insights provides RE/MAX Associates with a nationally branded platform to share their market opinions. With the surveys being conducted regularly by the RE/MAX Public Relations team and distributed to reporters, RE/MAX agents will benefit from the increased media visibility on an ongoing basis.
More than 1,000 RE/MAX residential agents participated in the latest survey. Participants offered their thoughts on market conditions and consumer behavior so far this year.
Agents are randomly selected to participate in the online surveys. It’s important to participate in the RE/MAX Market Insights survey if you’re contacted via email, because your insights help RE/MAX, LLC, produce an accurate portrayal of market trends and conditions – not to mention provide you with a great item of value to share with your sphere.
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