Despite more eyes being glued to screens and content than ever before from people staying home during the COVID-19 outbreak, advertisers are pulling their ads from digital and traditional platforms at a rapid rate.
According to Axios, analysts from the Cowen & Co. investment management company predict Facebook and Google will lose over $40 billion in combined advertising revenue in 2020 due to the coronavirus pandemic. These companies, which operate a huge chunk of advertising space online and on social media, are both projected to fall over 18 percent short of their initial ad revenue forecasts for the year.
A majority of digital ad space is bought by small businesses. With many looking for any ways to cut costs, digital advertising is an area small businesses are scaling back on – especially if they’ve been forced to close their physical retail spaces.
Still, while big tech companies may feel the brunt of the damage to digital ad revenue losses, analysts believe companies like Facebook and Google won’t be too weakened by the crisis thanks to a diversity of other products and services. However, growth is expected to be greatly curtailed relative to previous years for the tech industry.
According to the 2020 REAL Trends 500 survey of large brokerages, RE/MAX agents averaged twice as many transaction sides as competing agents
Denver, CO – March 27, 2020 (PRNewswire) The 2020 REAL Trends 500 survey revealed that RE/MAX agents at participating brokerages outsold competing agents, on average, by more than 2-to-1* last year. In the report – a widely followed ranking of large U.S. real estate brokerages – RE/MAX agents averaged 15.6 transaction sides, more than doubling the average (7.0) of all other agents from the participating brokerages. RE/MAX agents have held this 2-to-1 advantage in each of the last 10 years, starting in 2010.
“This accomplishment demonstrates the unmatched performance of the professionals in the RE/MAX network,” said RE/MAX CEO Adam Contos. “The events of the past few weeks are unprecedented, and these are challenging times, but the efforts of our network to support their communities, in and outside of real estate, is what we’re celebrating with this accolade. Now, more than ever, homebuyers and sellers need professional, trusted and adaptable real estate agents to help them navigate one of the biggest financial decisions of their lives. We’re all in this together, and I am humbled by the tenacity, talent and grit of the amazing people in our network.”
The REAL Trends 500 ranks participating large brokerages by total residential transaction sides, with 500 needed to qualify for participation. Of the 1,711 participating brokerages that qualified for the survey, 31 percent were affiliated with RE/MAX.
When all brokerages in the survey are ranked by sides per agent, 86 of the top 100 are RE/MAX firms. Their agents averaged 30 home sales each in 2019. In addition to leading the field in per-agent transaction sides, RE/MAX agents also averaged $4.5 million in sales volume, 72 percent higher than the $2.6 million average of all other agents in the survey.
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 over 130,000 agents in more than 110 countries and territories. Nobody in the world sells more real estate than RE/MAX, as measured by residential transaction sides. Dedicated to innovation and change in the real estate industry, RE/MAX launched Motto Mortgage, a ground-breaking mortgage franchisor, in 2016 and acquired booj, a real estate technology company, in 2018. 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 Hospitals® 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.
* Source: Transaction sides per agent calculated by RE/MAX based on 2020 REAL Trends 500 data, citing 2019 transaction sides for the 1,711 largest participating U.S. brokerages.
WASHINGTON, March 31, 2020 (PRNewswire) Fannie Mae’s (OTCQB: FNMA) February 2020 Monthly Summary is now available. The monthly summary report contains information about Fannie Mae’s monthly and year-to-date activities for our gross mortgage portfolio, mortgage-backed securities and other guarantees, interest rate risk measures, serious delinquency rates, and loan modifications.
About Fannie Mae Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of Americans. We partner with lenders to create housing opportunities for families across the country. We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk. To learn more, visit: fanniemae.com | Twitter | Facebook | LinkedIn | Instagram | YouTube | Blog
