SAN FRANCISCO, April 24, 2017 /PRNewswire/ -- RE/MAX, LLC,
one of the world's leading franchisors of real estate brokerage services, and HouseCanary, the leading modern data analytics
company for real estate professionals, announced today their collaboration that aims to make RE/MAX agents more productive than
ever.
Data from RISMedia's 2016 Power Broker Report as well as the 2016 REAL Trends 500 survey shows that RE/MAX agents outsell
other agents by more than 2 to 1 at large brokerages included in the surveys. RE/MAX executives see an opportunity for their
brokers and agents to increase their use of modern data and technology to generate leads and become even more productive.
"HouseCanary is a data powerhouse and we are excited to work with them to provide our agents with tools and products that will
enhance the personal service they provide to customers," said Mike Ryan, RE/MAX Executive Vice
President. "HouseCanary gets to the 'heart of the matter', providing valuable intelligence, street by street and home
by home."
HouseCanary is a real estate analytics company using data science to accurately value and forecast over 18,000 U.S.
residential markets and 100 million properties. Trusted by leading lenders and institutional investors, the Silicon Valley
company is now serving real estate brokers and agents, arming them with an information advantage at a time when home buyers and
sellers are increasingly seeking expert advice backed by reliable data.
Available to RE/MAX Affiliates through the dedicated Approved Suppliers portal, HouseCanary's Value Reports empower real
estate professionals with unique market and property-level intelligence to stay in touch with their clients, recruit new clients
and close deals more quickly. Accurate home values and three-year forecasts, in an industry where valuations have been suspect,
are at the core of the reports. "Other home valuation methods are based largely on historical comparable sales," said HouseCanary
CEO Jeremy Sicklick. "HouseCanary measures price movements on every residential block in the
country, allowing for precise valuations today and three years into the future. Our algorithms combine 40 years of history, 1
billion residential transactions and hundreds of proprietary calculations influencing home values, such as capital markets, jobs,
traffic…even views from a property's backyard."
Exclusive access to this unique data elevates the real estate professional's role as provider of market information and
trusted advisor. In markets facing low inventory, rising prices and interest rates, the ability to provide clients and leads with
a three-year forecast of a home's value serves as a clear competitive advantage. Offering accurate market demand figures
unavailable elsewhere, months of supply, and market rent by square foot for similar properties, the reports allow realtors to
become a trusted source of information and "prove their gut" on property prices.
About the RE/MAX Network:
RE/MAX was founded in 1973 by Dave and Gail Liniger, with an innovative, entrepreneurial
culture affording its agents and franchisees the flexibility to operate their businesses with great independence. Over 110,000
agents provide RE/MAX a global reach of more than 100 countries and territories. Nobody sells more real estate than RE/MAX when
measured by residential transaction sides. RE/MAX, LLC, one of the world's leading franchisors of real estate brokerage services,
is a wholly-owned subsidiary of RMCO, LLC, which is controlled and managed by RE/MAX Holdings, Inc. (NYSE: RMAX). With a passion
for the communities in which its agents live and work, RE/MAX is proud to have raised more than $157
million for Children's Miracle Network Hospitals® and other charities. For more information 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 www.remax.com/newsroom.
About HouseCanary:
Founded in 2014, HouseCanary's mission is to help people make better real estate decisions. Built on a foundation of great
data, powerful models, and predictive analytics, the HouseCanary platform aggregates millions of data elements, including more
than four decades of property data and a rapidly expanding arsenal of proprietary calculations and analytics, to accurately
define and forecast values and market influences. HouseCanary is financed by notable investors including Hillspire (Alphabet
Executive Chairman Eric Schmidt's family office), Alpha Edison, ECA
Ventures, Raven Ventures and others top Silicon Valley investors. The company is headquartered in San
Francisco. For more information about HouseCanary, please visit www.housecanary.com.
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SOURCE HouseCanary, Inc.