The brand extended franchise agreements that accounted for more than $11.8 billion in sales volume in 2022 and welcomed six new affiliates in Q4 2022
Madison, NJ – March 1, 2023 (PRNewswire) Coldwell Banker Real Estate LLC, an Anywhere Real Estate Inc. (NYSE: HOUS) brand, achieved remarkable results through the retention of 68 affiliated companies by extending their Coldwell Banker franchise agreements in 2022, which accounted for more than $11.2 billion in sales volume. The brand also reported that it added an additional $4.7 billion in sales volume from 24 new affiliates that joined the network in 2022, making 2022 the largest franchise growth year in Coldwell Banker history. During a challenging time, entrepreneurs saw the value of doing business with an established and trusted brand, while leveraging that partnership and their powerful local operations for growth.
In Q4 2022, Coldwell Banker Real Estate welcomed six new affiliated companies to the network:
Coldwell Banker Flag City, Findlay, Ohio
Coldwell Banker Stiles, Greenwood, Ind.
Coldwell Banker Commercial Omni Group, Santa Ana, Calif.
Coldwell Banker Home Lovers Realty, Miami
Coldwell Banker Ultimate, Lake Jackson, Texas
Coldwell Banker Nestwork, Lee’s Summit, Mo.
Coldwell Banker Home Lovers Realty, Coldwell Banker Ultimate, and Coldwell Banker Nestwork joined the brand through the Inclusive Ownership (IO) program, created to help increase representation of entrepreneurs in the real estate industry in diverse populations including ethnic and racial groups, women, LGBTQ+ and veterans. Since its inception, 34 companies have joined Coldwell Banker through the program – 15 companies in 2022.
QUOTES:
“As an established brand in real estate, our reputation, tools and technology allow us to offer unmatched support to our stellar group of affiliates. We are energized when we welcome new companies to the network because we recognize the tremendous value of building an ecosystem for our affiliates to thrive, and ultimately, for our brand to thrive. Because of the trust and ingenuity within our network, 2022 was the largest franchise growth year in Coldwell Banker history, an accomplishment that showcases our reputation as an invaluable brand for our affiliates to join. We’re proud to be the North Star of the industry.”
– Liz Gehringer, President of Coldwell Banker Affiliate Business and COO, Coldwell Banker Real Estate LLC
About Coldwell Banker Real Estate LLC
Powered by its network of over 100,000 affiliated sales professionals in more than 2,700 offices across 39 countries and territories, the Coldwell Banker® system is a leading provider of full-service residential and commercial real estate brokerage services. The Coldwell Banker brand prides itself on its history of expertise, honesty and an empowering culture of excellence since its beginnings in 1906. Coldwell Banker Real Estate is committed to providing its network of affiliated sales agents with the tools and insights needed to excel in today’s marketplace and is known for its bold leadership and dedication to driving the industry forward. The brand was named among the 2023 Women’s Choice Award®“9 out of 10 Customer Recommended Real Estate Agency.” Blue is bold and the integrity and values of the Coldwell Banker brand give the Gen Blue network an unbeatable edge. Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. To join Coldwell Banker Real Estate and unlock the Gen Blue possibilities, please visit www.coldwellbanker.com/join.
New York, NY – Feb. 22, 2023 (PRNewswire) The global residential real estate market is estimated to increase by USD 514.41 billion between 2022 and 2027. The market’s growth momentum will accelerate at a CAGR of 5.07%. The report also includes historic market data from 2017 to 2021. In 2017, the residential real estate market was valued at USD 1,657.07 billion. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. For more insights on the historic market data from 2017 to 2021 – Request a sample report.
Technavio
The global residential real estate market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer residential real estate in the market are Al Habtoor Group LLC, Brigade Enterprises, Christies International Real Estate, Collabra Technology Inc., D. R. Hortons Inc., DLF Ltd., Engel and Volkers GmbH, Godrej and Boyce Manufacturing Co. Ltd., IJM Corp. Berhad, L and T Realty Ltd., Lennar Corp., OBEROI REALTY Ltd., Pultegroup Inc., Puravankara Ltd., Raubex Group Ltd., Savills Property Services (India) Pvt. Ltd., SOBHA Ltd., Sotheby International Realty Affiliates LLC, Sun Hung kai Properties Ltd., and Tata Sons Pvt. Ltd. and others.
Technavio has announced its latest market research report titled Global Residential Real Estate Market 2023-2027
Residential real estate market – Vendor Analysis Vendor Landscape –
Vendors compete based on several factors, such as quality, price, service, brand image, distribution, and marketing. Increasing vendor competition may lead to vendors reducing their product prices, which could negatively affect their profit margins and market growth during the forecast period.
Vendor Offerings –
Al Habtoor Group LLC: The company offers residential luxury houses such as luxury buildings, polo resort, and club houses, towers, and villages.
Christies International Real Estate: The company offers residential luxury houses such as beach houses, golf houses, castles and palaces, eco-friendly homes, and private islands.
D. R. Hortons Inc: The company offers smart homes, luxury villas, and resorts.
DLF Ltd.: The company offers super luxury estate, luxury estate, and premium estates in India.
For Details on the vendor and its offerings – Buy the report!
Residential real estate market – Segmentation Assessment Segment Overview Technavio has segmented the market based on the mode of booking (sales and rental/lease), and type (Apartments, condominiums, Landed houses, and villas).
The sales segment will account for a significant share of the market’s growth during the forecast period. With population growth and urbanization, the demand for housing is also increasing, which is the main factor driving the growth of the retail segment. In addition, real estate companies work with developers to sell the buildings and units they create. These companies generate commissions by creating all marketing materials and using salespeople to sell the inventory of finished units. These companies tend to focus on new entities. Therefore, the sales segment of the global residential real estate market is expected to grow during the forecast period, with increasing investment in the residential sector.
Geography Overview By geography, the global residential real estate market is segmented into APAC, North America, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global residential real estate market.
APAC is estimated to contribute 55% to the growth of the global market during the forecast period. The major factors, which are driving the growth of the market in APAC, are rapid urbanization and the increasing spending capacity of people. Moreover, residential and commercial projects in countries such as India and China are growing at a rapid pace. Such factors are expected to drive the growth of the residential real estate market in APAC during the forecast period.
For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 – Download a Sample Report
Residential real estate market – Market Dynamics Leading Drivers – The growing housing sector across the globe is a key factor behind the growth of the market. The concept of integrated living, as homebuyers do today, is heavily invested in housing projects with modern facilities such as shopping malls, schools, hospitals, leisure clubs, office buildings, and parks with complexes. We are growing rapidly in the residential sector as we are starting to invest. In search of a more peaceful life that is self-sufficient and secure. While large housing projects like townships meet all the social, civic, and recreational needs of homebuyers and have multi-level security systems, the demand for township housing has increased significantly. I’m here. I am here. Such factors are expected to boost the growth of the global residential real estate market during the forecast period.
Key Trends – Increasing marketing initiatives are the main trend in the global growth of the market. Several vendors create TV advertising campaigns, followed by marketing campaigns that include internet pre-rolls, major social media and blogging programs, and interactive websites. In addition, social media is an integral part of marketing strategies, and visual content is a key driver of customer retention and the development of online brand communities. Vendors also use social media channels such as Instagram to showcase existing and upcoming projects. They post a variety of creative content on their Instagram channel with a focus on engaging customers. Therefore, increasing marketing initiatives is a growth trend expected to drive market growth over the forecast period.
Major challenges – Regulatory uncertainty poses a major challenge to the growth of the market. Changes in regulatory standards can add significant cost, time, risk, and uncertainty to the completion of development projects and introduce new challenges and operational constraints to existing properties. There is The current regulatory environment at various levels of government such as federal, state, and local governments increasingly provide the desired transparency, permanence, predictability, and stability that are essential for property owners and operators. It offers. It is insufficient. Therefore, regulatory uncertainty could become a major challenge that could impede the growth of the global residential real estate market during the forecast period.
The residential real estate market in Myanmar is estimated to grow at a CAGR of 3.97% between 2022 and 2027. The size of the market is forecast to increase by USD 181.3 million. This report extensively covers market segmentation by type (landed houses and villas, apartments, and condominiums), and mode of booking (sales and rental/lease).
TheEurope commercial real estate market is estimated to grow at a CAGR of 5.55% between 2022 and 2027. The size of the market is forecast to increase by USD 80.59 billion. This report extensively covers market segmentation by end-user (offices, retail, leisure, and others) and type (rental, lease, and sales).
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
In today’s Real Estate Podcast, from Tom Ferry, Tom talks about everything that’s going to work to bring you more real estate opportunities in 2023. Patrick Ferry, a knockout coach and dearest brother of Tom, says that 2023 is going to be a year where you’ll have to DOUBLE the number of opportunities that come your way just to make the same about of money.
And we don’t want to just make the same amount of money next year, right? That’s why Patrick and Tom break down all the special marketing, conversion, and lead nurturing strategies that we’ve seen working so that you can far exceed your income from last year. They go in-depth with scripts, ways to track and measure your progress, and where you need to be looking for serious real estate opportunities.
If you are a real estate agent who likes to make money and grow your business, this is an episode you need to take notes on.
