Zillow stock upgraded by Wedbush on falling mortgage rates [Yahoo! Finance Canada]
RE/MAX Holdings, Inc. Class A (RMAX)
Last re/max holdings, inc. class a earnings: 2/20 04:10 pm
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Source: Yahoo! Finance Canada
favorable trends in the housing market, particularly the recent drop in mortgage rates. In a note, Wedbush analyst Jay McCanless called lower mortgage rates a "potentially positive catalyst" for the stock in the months ahead. McCanless also highlighted the strength of the company's software and services initiatives, which he believes that could further enhance existing estimates. Mortgage rates fell last week to their lowest level since February 2023, according to Freddie Mac. With the Federal Reserve set to cut interest rates later this week , experts expect mortgage rates to decline in 2024 and into 2025. This expectation had boosted shares of other real estate names, including Redfin ( RDFN ) and RE/MAX Holdings ( RMAX ). Zillow shares climbed in today's trade on the back of the upgrade, after surging 12% last week. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Kathleen Welch Video
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News
- Inside Real Estate Announces 400k+ Users Now Using BoldTrail, and Upcoming Fall Releases Highlighting New Features and Enhancements [Yahoo! Finance]Yahoo! Finance
- Inside Real Estate Announces 400k+ Users Now Using BoldTrail, and Upcoming Fall Releases Highlighting New Features and EnhancementsPR Web
- RE/MAX HOLDINGS, INC. TO PARTICIPATE IN STEPHENS ANNUAL INVESTMENT CONFERENCE | NASH2024PR Newswire
- RE/MAX NATIONAL HOUSING REPORT FOR OCTOBER 2024 [Yahoo! Finance]Yahoo! Finance
- RE/MAX NATIONAL HOUSING REPORT FOR OCTOBER 2024PR Newswire
RMAX
Earnings
- 10/31/24 - Beat
RMAX
Sec Filings
- 11/20/24 - Form 4
- 11/14/24 - Form SC
- 11/13/24 - Form SC
- RMAX's page on the SEC website