The Keyes Company Honored with RISMedia Tech Titan Award

Family-owned, 90-year-old brokerage recognized for technology enhancements

NORFOLK, Va. (December 10, 2015) – The RISMedia Tech Titan Award was presented to Mike Pappas, CEO and broker owner of the South Florida brokerage, The Keyes Company, and his team for their 2015 technological achievements.  Keyes was recognized during the November 13 RISMedia Power Broker Dinner, which was part of The National Association of REALTORS® annual conference in San Diego, CA. Homes.com®, leading online real estate destination and provider of real estate marketing solutions, sponsored this year’s RISMedia’s Tech Titan Award.

The Tech Titan Award is presented to individuals transforming the industry by integrating new forms of technology into their companies, adopting the current technology trends to improve and enhance overall consumer experience. Mike Pappas and the Keyes team are dedicated to embracing technology and providing innovative tools to enhance and expand the brokerage.

“I’m thrilled and honored to receive the Tech Titan Award on behalf of everyone at The Keyes Company,” said Pappas. “During the economic downturn, we looked to technology to help our associates and offices stay competitive. By incorporating our long-standing family values with a people-first philosophy, combined with top-notch technology, I believe we’ve created the perfect balance to successfully engage today’s demanding consumers.”

The Keyes Company’s vision combines high-touch service with high-tech tools to create the ultimate consumer experience. Keyes’ multilingual listing videos, virtual tours that support buyers and sellers in the diverse South Florida market, a suite of mobile apps and websites, online transaction management, and a comprehensive suite of social tools for monitoring online reputation all come together to offer overall solutions to consumers and associates alike.

“Homes.com is honored to recognize Mike Pappas and The Keyes Company with the RISMedia Tech Titan award for their technology accomplishments, said Dave Mele, president of Homes.com. “With their year-over-year Top 50 ranking on the RISMedia Power Broker report, The Keyes Company has created a successful mix of technology and service for their customers, and Homes.com is proud to be a part of their solutions.”

The Tech Titan award was accepted on behalf of Mike Pappas by his daughter, Christina Pappas, The Keyes Company’s assistant district sales manager and part of the next generation of leaders at Keyes.

About Homes.com

Homes.com is a leading provider of real estate marketing and media services, including brand advertising, property listing exposure and syndication, search engine marketing and instant response lead generation. Homes.com Connect offers the real estate industry’s first-ever all-inclusive marketing platform for agents and brokers featuring single-login convenience. Homes.com is visited by more than 13 million consumers each month to search three million properties for sale or rent, to locate real estate agents in their area and to find useful home buying tips. For more information, visit www.Homes.com.

About The Keyes Company

Whether a first-time buyer, seasoned homeowner, or multi-property investor, the team at The Keyes Company is the go-to resource for all things real estate. Family-owned and in business since 1926, The Keyes Company has grown across the state of Florida. Keyes has captured accolades such as being ranked 31st Best Real Estate Company in the nation. Today, Keyes has more than 2,300 associates in over 35 branch offices located throughout Miami-Dade, Broward, Palm Beach, Martin and Volusia counties.

As a full-service company, Keyes is committed to providing its clients with a great real estate experience. The company supplies its customers with objective data and research about properties, employs innovative and leading-edge technologies, completes transactions seamlessly, and provides unrivaled customer service.  For more information, visit www.Keyes.com.

Home Prices Soar in Western Markets

57 percent of America’s top 300 markets now fully recovered

NORFOLK, Va. (November 30, 2015) – Homes.com®, leading online real estate destination, has released its September 2015 Local Market Index, a price performance summary of repeat sales in the top 100 markets, and the companion Midsize Markets Report for the next 200 largest markets. Among the nation’s top 300 markets, a total of 170 or 57 percent have now achieved full price recovery.

By September, 53 out of the top 100 markets showed a complete price recovery – two more than reported in August – with an additional 117 out of 200 midsize markets continuing to see recovery above pre-recession levels.

San Francisco-Oakland-Hayward, CA led the nation in September for the largest annual percentage change in pricing at 7.97 percent. Denver-Aurora-Lakewood, CO came in second with a 7.73 percent annual price increase, and Portland Vancouver-Hillsboro, OR-WA was third at 7.29 percent.

“The housing recovery continued at a steady pace in September, as two of the nation’s largest markets joined the ranks of the fully restored. More big cities are on the way toward recovery; 39 of the 100 largest markets are within 25 percent of reaching their peak prices. For homeowners in these markets and elsewhere, price recovery is restoring their lost equity and increasing their financial security,” said David Mele, president of Homes.com. Continue reading

Strong Prices Push Housing Recovery into High Gear

56 percent of America’s top 300 markets now fully recovered

NORFOLK, Va. (October 26, 2015) – Homes.com®, leading online real estate destination, has released its August 2015 Local Market Index, a price performance summary of repeat sales in the top 100 markets, and the companion Midsize Markets Report for the next 200 largest markets. Among the nation’s top 300 markets, a total of 168 or 56 percent have achieved full price recovery—two more than the 166 markets reported in June.

By August, 51 of the top 100 markets had made a complete price recovery — one more than the prior month. Additionally, 117 of 200 midsize markets had seen a complete price recovery — one more than in July.  

The number of markets declining on a 3-month average basis decreased to 10 of the top 100 in August compared to 16 for the prior month. Measured year-over-year, all 100 markets are still positive by a healthy margin.

“Strong sales and appreciating prices in many markets continue to fuel a period of significant progress in the housing recovery across the country. Millions of homeowners in the 168 fully recovered markets, along with the remaining markets that are still below peak prices, have seen their equity increase significantly, restoring strength to the economy and financial security to families,” said David Mele, president of Homes.com.

Southern Markets Lead Recovery; West Remains Dominant in Annual Gains

Virginia Beach-Norfolk-Newport News, VA-NC was the newest addition to the top 100 recovered markets, and Bremerton-Silverdale, WA was the latest midsize market to rebound (100.04 percent).

Of the top 100 markets, the markets with minimal price declines have rebounded with an average of 109 percent. Of the moderate price decline markets, the average rebound is 102 percent of the prior peak price. Of the severe price decline markets, the average rebound is 84 percent.

The South continued to dominate with 23 markets fully recovered, while the Midwest came in second with 11 markets recovered as of August.

National Summary—Western Markets Lead Price Gains

Boise City, ID had the highest annual percentage growth in August for the second month in a row, with prices 8.04 percent higher than the same month last year.  San Francisco-Oakland-Hayward, CA moved into second place with annual growth of 7.74 percent. All ten of the fastest growing markets were located in the West—up from nine the previous month. In the West, California remained well represented with five of the top ten markets — one more than in July.   

The Augusta-Richmond County, GA-SC market posted the largest 3-month average gain in August at 0.62 percent.  It was one of four markets in the South to make the top ten for 3-month average gains. The others were Lakeland-Winter Haven, FL; North Port-Sarasota-Bradenton, FL; and Raleigh, NC.

From a regional perspective, the South recorded the largest 3-month average gain of 0.62 percent, followed by the West at 0.58 percent. The worst performing market in August was also located in the South at -0.14 percent.

Largest Markets Summary

  • Western markets continued to lead the recovery among top 100 markets.  Dallas-Fort Worth-Arlington, TX (115.58 percent rebound); Denver-Aurora-Lakewood, CO (113.63 percent); Austin-Round Rock, TX (113.51 percent); Houston-The Woodlands-Sugar Land, TX (113.06 percent); San Antonio-New Braunfels, TX (112.91 percent); Oklahoma City, OK (112.78 percent); Tulsa, OK (112.75 percent); Urban Honolulu, HI (112.41 percent); McAllen-Edinburg-Mission, TX (111.95 percent); and New Orleans-Metairie, LA (111.50 percent).
  • Large markets trailing the national rebound are located in markets that suffered large numbers of foreclosures and price declines during the housing crash.  The bottom ten large markets by rebound percentage were Miami-Fort Lauderdale-West Palm Beach, FL (76.66 percent); Fresno, CA (76.64 percent); Lakeland-Winter Haven, FL (74.22 percent); North Port-Sarasota-Bradenton, FL (74.17 percent); Orlando-Kissimmee-Sanford, FL (73.48 percent); Deltona-Daytona Beach-Ormond Beach, FL (72.56 percent); Palm Bay-Melbourne-Titusville, FL (71.90 percent); Cape Coral-Fort Myers, FL (71.49 percent); Stockton-Lodi, CA (71.03 percent); and Las Vegas-Henderson-Paradise, NV (68.77 percent).
  • On a year-over-year basis, the West also dominated.  The top five large markets were Boise City, ID; San Francisco-Oakland-Hayward, CA; Denver-Aurora-Lakewood, CO; Portland-Vancouver-Hillsboro, OR-WA; San Jose-Sunnyvale-Santa Clara, CA; and Riverside-San Bernardino-Ontario, CA.
  • Top performing markets by region were Richmond, VA (East); Stockton-Lodi, CA (West); Grand Rapids-Wyoming, MI (Midwest); and Augusta-Richmond County, GA-SC (South).

Western Region Dominates Midsize Markets

The midsize market with the best 3-month average growth in August was Wheeling, WV-OH which increased 5.14 percent. This was followed by Reno, NV, which grew 0.86 percent. The top performing midsize markets for August measured over a 3-month average were well dispersed across the country; this was in contrast to the prior month when the eastern region saw much of the strength.

Although the midsize market with the strongest year-over-year growth was located in the East (Wheeling, WV-OH at 19.47 percent), all of the other top performing markets were in the West. This has been the case for many months and points to sustained robust price recovery in that part of the country.

In August’s Local Market Report, 168 out of 200 midsize markets increased over a 3-month average, up from 164 the previous month. The greatest number of decreasing markets were found in the South (19) and the Midwest (8). As was the case with the Top 100, all midsize markets continued to show gains when measured year over year.

Midsize Markets by Region and Division:

  • Short-term strength was well dispersed throughout the country in August. This is in contrast to the previous month when the largest gains were seen on the East Coast (northeastern and southern regions).
  • Short-term weakness was seen in the East South Central division and the South Atlantic division.

To receive a comprehensive data file, including index values in every zip code within a local market, contact LocalMarketReports@Homes.com. To download a copy of the reports, visit press.homes.com.

About Homes.com

Dream. Discover. Design. Your home.   

Homes.com makes it easy to find your first or next home, with close to 3 million homes for sale or rent. Since its launch almost 25 years ago, Homes.com has made millions of introductions between homebuyers and real estate professionals, leveraging user-friendly tools, valuable tips, and helpful information so home buyers have everything they need to find a home that perfectly fits their family and lifestyle.

With more than 20 million site visits a month, Homes.com continues to innovate with inspiring photos, simple search functionality and great home decor articles to empower consumers to dream, discover and decorate their homes.

Visit Homes.com to discover your next home, or download the Homes.com For Sale, Rentals or Mortgage Calculator apps to power your home search. For creative home design ideas and decorating tips, visit Homes.com/blog/. Welcome Home!

More Than Half of U.S. Housing Markets See Full Price Recovery

Some 55 percent of top 300 markets now fully recovered

NORFOLK, Va. (September 28, 2015) – Homes.com®, leading online real estate destination, has released its July 2015 Local Market Index, a price performance summary of repeat sales in the top 100 markets, and the companion Midsize Markets Report for the next 200 largest markets. Among the nation’s top 300 markets, 166 or 55 percent have now achieved full price recovery — 24 more than the 142 markets reported in June.

By July, 50 of the nation’s 100 largest markets experienced a complete price recovery, one more than the prior month. Additionally, 116 out of 200 midsize markets saw a complete price recovery, 23 more than reported in June.*                                                   

July saw 16 of the top 100 markets post a decline in their 3-month averages. The long-term view remains robust though, with all 100 markets continuing to post year-over-year gains.

“We’ve reached an important benchmark in the U.S. housing market with the majority of the nation’s top 300 markets recovering at least their peak prices. Most homeowners in these markets have now regained lost equity from the housing crash, and we’re seeing good progress toward restoring equity to the remainder of the nation,” said David Mele, president of Homes.com.

Southern Markets Lead Recovery; West Remains Dominant in Annual Gains

As of July, 50 out of the top 100 markets had shown a complete price recovery. Richmond, VA rebounded at 100.18 and became the 50th market among the top 100 to achieve that status.

Of the 200 midsize markets, 116 have now achieved a complete price recovery.  The most recent midsize markets to reach rebound status include Grand Junction, CO; Hattiesburg, MS; Springfield, MO; Charlottesville, VA; Olympia-Tumwater, WA; Niles-Benton Harbor, MI; Dalton, GA; Tupelo, MS; Dothan, AL; Athens-Clarke County, GA; Muskegon, MI; Montgomery, AL; Duluth, MN-WI; Eugene, OR; and Fayetteville-Springdale-Rogers, AR-MO.

Of the top 100 markets, the markets with minimal price declines from peak prices before the housing crash have achieved an average rebound of 109 percent.  The average rebound of the moderate price decline markets was 101 percent of the prior peak price. Of the severe price decline markets, the average rebound was 84 percent.

The South continued to dominate recovery among the top 100 markets in July, with 23 markets recovered, followed by the Midwest with 11 markets fully recovered. Both the West and South had eight markets each that have achieved rebound status.

National Summary – West Continues to Dominate Annual Gains

Boise City, ID edged out Denver-Aurora-Lakewood, CO and San Francisco-Oakland-Hayward, CA in July for the top spot with an annual percentage change of 7.09 percent. Strong progress continues in the West where nine of ten of the top performing markets are located. However, that was one fewer than in June, with Grand Rapids-Wyoming, MI making the list. Within the West, California continued to dominate with four of the ten top markets.

Bridgeport-Stamford-Norwalk, CT posted the largest 3-month average gain in July at 0.59 percent, followed by other markets in the Northeast including Springfield, MA which had the second highest increase at 0.52 percent, and Providence-Warwick, RI-MA and Worcester, MA-CT that occupied the fifth and seventh places, respectively.

From a regional perspective, the market with the largest 3-month average gain of 0.59 percent was located in the Northeast. This was followed by the West at 0.48 percent. The Northeast also had the worst performing market in July at -0.19 percent.

Largest Markets Summary

Western markets continued to lead the recovery among top 100 markets. Markets with the highest rebound percentages were Dallas-Fort Worth-Arlington, TX (115.43 percent); Denver-Aurora-Lakewood, CO (113.41 percent); Austin-Round Rock, TX (113.32 percent); Houston-The Woodlands-Sugar Land, TX (112.84 percent); and San Antonio-New Braunfels, TX (112.76 percent).

Large markets trailing the national rebound were those that suffered large numbers of foreclosures and price declines during the housing crash. The bottom five markets by rebound percentage were Deltona-Daytona Beach-Ormond Beach, FL (72.49 percent); Palm Bay-Melbourne-Titusville, FL (71.72 percent); Cape Coral-Fort Myers, FL (71.21 percent); Stockton-Lodi, CA (70.61 percent); and Las Vegas-Henderson-Paradise, NV (68.47 percent).

On a year-over-year basis, the West also dominated. The top five markets achieving annualized gains were Boise City, ID; Denver-Aurora-Lakewood, CO; San Francisco-Oakland-Hayward, CA; Seattle-Tacoma-Bellevue, WA; and San Jose-Sunnyvale-Santa Clara, CA.

Top performing markets by region were Bridgeport-Stamford-Norwalk, CT; Stockton-Lodi, CA; Toledo, OH; and Augusta-Richmond County, GA-SC.

Western Region Dominates Midsize Markets; Midwest Markets Gaining

The midsize market with the best 3-month average growth in July was Bangor, ME which increased 0.88 percent. It was followed by Gainesville, GA which grew by 0.56 percent. Nearly all of the top-performing midsize markets on a 3-month basis were located in the eastern portion of the U.S., with strength particularly focused in the Northeast.

Though western markets continued to lead the list of midsize markets achieving rebound status on an annualized basis, midwestern markets have begun to move into the top ten.  Appleton, WI and Racine, WI, made the Top 10 midsize list in July with year-over-year gains of 7.07 percent and 7.03 percent, respectively.

In July, 164 of 200 midsize markets increased their 3-month averages, down from 197 the prior month. The greatest number of decreasing markets was found in the southern region (16) and the northeast region (10). As was the case with the top 100, all midsize markets continued to show year-over-year gains.

Midsize Markets by Region and Division:

All five of the markets posting the best 3-month gains were eastern: Bangor, ME; Gainesville, GA; Rocky Mount, NC; Manchester-Nashua, NH; and Blacksburg-Christiansburg-Radford, VA.

Short-term strength was seen in the East, with the top performing markets located in the New England and South Atlantic regions.

Short-term weakness was seen in the East South Central division and the Mid-Atlantic division.

To receive a comprehensive data file, including index values in every zip code within a local market, contact LocalMarketReports@Homes.com. To download a copy of the reports, visit press.homes.com.

About Homes.com

Dream. Discover. Design. Your home.   

Homes.com makes it easy to find your first or next home, with close to 3 million homes for sale or rent. Since its launch almost 25 years ago, Homes.com has made millions of introductions between homebuyers and real estate professionals, leveraging user-friendly tools, valuable tips, and helpful information so home buyers have everything they need to find a home that perfectly fits their family and lifestyle.

With more than 20 million site visits a month, Homes.com continues to innovate with inspiring photos, simple search functionality and great home decor articles to empower consumers to dream, discover and decorate their homes.

Visit Homes.com to discover your next home, or download the Homes.com For Sale, Rentals or Mortgage Calculator apps to power your home search. For creative home design ideas and decorating tips, visit Homes.com/blog/. Welcome Home!

*Note: July numbers include corrected midsize market data, accounting for an additional 23 markets.

REcolorado Joins Homes.com’s® MLS Partnership Program

Direct feed from Colorado’s largest MLS gives Homes.com consumers more accurate listings

HDC_REcolorado

Norfolk, Virginia (September 16, 2015) – Homes.com®, leading online real estate destination and provider of real estate marketing solutions, has announced the addition of REcolorado to its MLS Partnership Program. The new partnership will offer REcolorado’s 18,000 real estate professionals free exposure for their 9,500 active listings by gaining access to Homes.com’s audience of more than 13 million monthly transaction-ready consumers.

REcolorado brokers can now offer their agents direct access to syndicate their listings on Homes.com, ensuring those listings are advertised accurately and updated regularly. Consumers visiting Homes.com will benefit from the improved quantity and quality of available listings in Colorado, and will have a clear path to connect directly with the local brokerage and agent representing each listing.

“Our new partnership with Homes.com offers REcolorado brokers and agents listing-level control where their listings appear, while improving the quality of listings available for consumers on Homes.com,” said Kirby Slunaker, president and CEO of REcolorado. “By driving engaged consumers back to either the broker’s website or recolorado.com, everyone involved wins.”

The benefits provided by Homes.com’s MLS partnership program include:

  • Data Accuracy – More timely and accurate listing data.
  • Prominent Branding – Clear attribution and branding for the listing agent and broker on listing detail pages.
  • Consumer Leads – All leads from Homes.com are emailed directly to the listing agent.
  • MLS Branding – Prominent branding for REcolorado.com as the trusted source of the listing information.
  • Direct Links – All listings on Homes.com can include “deep links” back to the broker’s website or REcolorado’s consumer website, REcolorado.com.

“The primary objective of Homes.com’s MLS partnership program is to provide timely and accurate listing information to consumers searching for their next home, and to ensure those consumers are able to connect directly with the listing agent representing the seller,” said Andy Woolley, Homes.com’s vice president of industry development. “By prominently displaying the listing broker and agent, and always sending leads directly to the listing agent, Homes.com ensures REcolorado members are able to connect directly with our transaction-ready consumers.”

For more information on the benefits Homes.com can provide MLSs and their subscribers, visit http://connect.homes.com/mls/.

About Homes.com 
Homes.com is a leading provider of real estate marketing and media services, including brand advertising, property listing exposure and syndication, search engine marketing and instant response lead generation. Homes.com Connect offers the real estate industry’s first-ever all-inclusive marketing platform for agents and brokers featuring single-login convenience. Homes.com is visited by more than 13 million consumers each month to search nearly four million properties for sale or rent, to locate real estate agents in their area and to find useful home buying tips. For more information, visit
www.Homes.com.

About REcolorado 
Since 1984, REcolorado has been focused on providing the most accurate and up-to-date real estate information for professionals and consumers. Updated every 15 minutes with new and sold listings and powered by the state’s largest network of real estate professionals, REcolorado.com is Colorado’s most accurate home search website.
REcolorado.com also offers consumers mortgage resources, information about Colorado neighborhoods and cities, sold listings, open houses, and a comprehensive database of real estate professionals.

REcolorado is the largest Multiple Listing Service (MLS) in Colorado. With 18,000 professional members who operate throughout the state, it is REALTOR® owned and serves Aurora Association of REALTORS®, Douglas Elbert REALTOR® Association,Denver Metro Association of REALTORS®, Mountain Metro Association of REALTORS®, and South Metro Denver REALTOR® Association.