Previous Close | 7.41 |
Open | 7.23 |
Bid | 0.00 x 800 |
Ask | 0.00 x 800 |
Day's Range | 7.11 - 7.32 |
52 Week Range | 6.94 - 20.48 |
Volume | |
Avg. Volume | 324,183 |
Market Cap | 226.484M |
Beta (5Y Monthly) | 1.39 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -3.81 |
Earnings Date | May 02, 2024 |
Forward Dividend & Yield | 0.92 (12.76%) |
Ex-Dividend Date | Aug 14, 2023 |
1y Target Est | 9.00 |
Affordability continues to be a major headwind for Americans trying to enter the housing market. With interest rates and mortgage rates still high, what does it mean for younger homebuyers? Re/Max (RMAX) Co-Founder and Chairman Dave Liniger joins Yahoo Finance for the latest edition of Real Estate: The New Reality to discuss his views on younger generations' ability to afford a home. Liniger acknowledges, "housing affordability is a terrible challenge for everybody," making it difficult for younger generations to secure homeownership. With elevated rates compounded by an imbalance between supply and demand in the housing market, Liniger states that prices will continue to rise. Regarding the spending power of Millennials, Liniger expresses that "predictions are wrong" and that this generation is "much thriftier" in their abilities to find savings opportunities and manage their debt. However, Liniger suggests that individuals might have to settle for 6% mortgage rates, referring to it as "the mortgage rate of the future." Catch more of Yahoo Finance's Real Estate: The New Reality coverage this week, or watch this full episode of here. This post was written by Angel Smith
RE/MAX (RMAX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
RE/MAX Holdings, Inc. (NYSE: RMAX), parent company of RE/MAX, one of the world's leading franchisors of real estate brokerage services, and Motto Mortgage, the first and only national mortgage brokerage franchise brand in the U.S., will release financial results for the quarter ended March 31, 2024, after market close on Thursday, May 2, 2024, and will host a conference call and webcast for interested parties on Friday, May 3, 2024, at 8:30 a.m. Eastern Time.