Re/Max Connection Named Number 1 Company for Units Sold for 2014! 4 Years in a ROW!

RE/MAX CONNECTION IS #1 IN N.J.

FOR THE FOURTH YEAR IN A ROW

Contact: Kevin Bayzath

Phone: (856) 988-1800

Email: kbayzath@aol.com

MARLTON (Feb. 12) – For the fourth-straight year, RE/MAX Connection Realtors has been named the number one RE/MAX real estate company in New Jersey.

The agency – with four offices in Burlington, Camden and Gloucester counties (and a fifth opening later this year) – closed more real estate transactions in 2014 than any other RE/MAX operation in the state – 1,851. Those transactions accounted for more than $338 million in volume and the agency paid nearly $9.5 million in commissions to its Realtors.

In addition to the statewide recognition as the highest producing agency overall, the RE/MAX Connection operation in Turnersville, Gloucester County, was recognized as the number one RE/MAX individual office in the state with 889 transactions and $140 million in volume.

“These accomplishments are a testament to the hard work of our agents, managers and support staff,” said RE/MAX Connection CEO Christopher J. Brown. “All of our Realtors are dedicated to their profession and to their clients.”

RE/MAX Connection has seen steady growth during its four-year run as number one, closing 1,122 transactions in 2011, 1,383 in 2012, 1,717 in 2013 and 1,851 last year. There currently are 114 licensed Realtors working at the agency’s offices in Marlton, Burlington County; Turnersville and Mantua, Gloucester County, and Haddonfield, Camden County. Later this year, another Burlington County office will be opening in Medford.

“We always say the best Realtors in South Jersey work at RE/.MAX Connection,” Brown said. “We provide our agents with innovative technology and proven marketing tools so they can concentrate on providing first-class customer service.”

“I appreciate and value the trust that South Jersey residents and businesses owners have shown in our company,” Brown added, “and we look forward to continuing to serve the region in 2015 and beyond.”

The RE/MAX Connection Marlton office and corporate headquarters are located at 1000 Lincoln Drive East, Suite Two, Marlton, NJ 08053. Phone: (856) 988-1800. RE/MAX Connection – Turnersville is at 5701 Route 42, Turnersville, NJ 08012. Phone: (856) 228-7990. RE/MAX Connection – Mantua is located at 140 Bridgeton Pike, Mantua, NJ 08051. Phone: (856) 415-1210. RE/MAX Connection – Haddonfield is at 8 Kings Highway West, Suite B, Haddonfield, NJ 08033. Phone: (856) 857-6800.

All four offices are on the web at www.goconnectionnj.com.

2014 Top Ten Firms Reporting to Trend MLS for Gloucester, Salem, Burlington & Camden County

This representation is based in whole or in part on data supplied by Trend MLS using RE Stats. Trend and RE Stats does not guarantee or is in any way responsible for its accuracy. Data Maintained by Trend and RE Stats may not reflect all real estate activity in the market. Each RE/MAX office is independently owned and operated. Equal opportunity employer.

Fourth Quarter GDP and Employment Costs

NAROFF ECONOMIC ADVISORS, Inc.
Joel L. Naroff
President and Chief Economist

 
INDICATOR: Fourth Quarter GDP and Employment Costs
KEY DATA: GDP: +2.6%; 2014: +2.4%; Consumption: +4.3%; Consumer Inflation (Excluding Food and Energy): +1.1%
 
IN A NUTSHELL:   “Consumers are now leading the way and with confidence soaring and jobs plentiful, that is likely to continue.”
 
WHAT IT MEANS:  After two robust, and largely unsustainable, quarters of growth, it was expected the economy would moderate in the fourth quarter and that was what happened.  Of course, the deceleration was a bit greater than expected as most economists, including myself, were looking for 3% or more.  Critically, consumers are out there spending like crazy.  Consumption grew at the fastest pace in nearly nine years and there is still a lot of pent up demand out there.  But there were some weak parts of the report as well.  Business equipment investment dropped after two consecutive double-digit increases.  These data can be volatile, but with oil prices so low, it is likely that energy investment activity will take a hit for a while.  Slowing exports and rising imports don’t make for a good combination and the trade deficit widened, reducing growth by one percentage point.  That too could continue to occur over the next few quarters.  And finally, or as usual, the federal government continues to do its best to keep growth from accelerating.  Defense spending fell sharply, reducing growth by 0.6 percentage point.  Isn’t sequestration fun?  On the inflation from, there remains very little.  The Personal Consumption Expenditure deflator rose minimally, even excluding food and energy. 
 
Businesses continue to do a spectacular job of restraining labor costs as the fourth quarter Employment Cost Index increased at a slower pace than in the previous two quarters.  Wage gains decelerated, which was a real surprise given the tightening of the labor market and the growing number of job openings.  Either the labor market has been delinked from economic forces or the delay in raising wages will turn around sharply.  I have argued that would happen for months now and it hasn’t, so even I am beginning to wonder what is going on in this market. 
 
MARKETS AND FED POLICY IMPLICATIONS: The economy is in really good shape and the ebbs and flows in growth are nothing unusual.  This was the first estimate for GDP and we saw last quarter that the final number can be quite a bit different from the so-called “advance estimate”.  So let’s wait a couple of months before we decide upon how much growth actually moderated.  Even with the slowdown, the economy expanded at a 4.3% annualized pace during the second half of the year.  That is hardly chopped liver.  We should see solid growth this year.  The University of Michigan’s Consumer Expectations Index jumped in January, mirroring the Conference Board’s results.  Lower energy prices are really boosting confidence and that seems to be translating into more spending.  On the business side, the battle will be between uncertain energy producer investment and the capital needs of consumer-based companies. While energy sector spending may moderate initially, the companies must invest in cost cutting technologies so $45 /barrel is profitable.  That could raise spending in the future.  The big uncertainty is exports.  They have been decelerating and softer world growth implies further slowdowns.  That said, I still think growth this year could push 3.5%.

December 2014 Existing Home Sales Economic Update

Economic Update Provided by Conner Strong & Buckelew
Joel L. Naroff . President and Chief Economist. Naroff Economic Advisors, Inc.

INDICATOR: December Existing Home Sales and Leading Indicators
KEY DATA: Sales: +2.4%; 2014: -3.1%; Prices (Year-over-Year): +6.0%/ Leading Indicators: +0.5%
 
IN A NUTSHELL:   “The signs are pointing to better growth ahead and with housing continuing to improve, that growth could be strong.”
 
WHAT IT MEANS:  It looks like the housing sluggishness may be coming to an end, though it cannot be said that conditions are strong.  Yesterday’s report by the Federal Housing Finance Agency that prices continue to rise at a solid pace was reaffirmed with today’s report that in December, existing home sales improved.  While purchases during 2014 were down slightly from 2013, the winter played a major part in that decline.  The sales pace during the second half of the year was nearly 7% faster than the first half.  In December, the increase was not broad based.  Demand rose solidly in the South and West, but fell moderately in the Northeast and Midwest.  Don’t know how to explain that.  One issue facing the market is a sharp drop in the number of homes for sale.  That is restraining sales, but is helping keep price increases up.  The increase over the year in median prices was the same as the government reported.  
 
Housing is important for growth, but not even modest gains in this sector are keeping the indicators of future growth down. 

The Conference Board’s Index of Leading Indicators is soaring, with most components pointing to better growth ahead.  One of the laggards has been residential construction, but since that could turn soon, there is reason to be really optimistic.
 
MARKETS AND FED POLICY IMPLICATIONS:  The Fed meets next week and is facing economic data that is all over the place and a world economy and currencies that are being buffeted by slowing inflation and sudden actions by central banks.  That is not an environment for changes in policy and I don’t expect one.  But let’s wait until the GDP report comes out at the end of next week before we assume the economy has slowed.  The soft December retail sales may only be a function of demand being spread across several months.  And the data are not price adjusted and most importantly, they don’t include services.

I expect growth to be in the 3% to 3.5% range, which would be great after two huge increases in the second and third quarters.  And even European QE is good news.  It should ultimately lead to better growth in Europe and even if the dollar remains strong, our exports should grow.  Let’s not forget, the labor market is near full employment so wage gains are going to accelerate, it is just a matter of time.  And that time could be short.  So the economic outlook is pretty positive, and while the FOMC may remain cautious, they may only be able to do so for a few more months

FREE PICTURES WITH SANTA CLAUS

WE ARE EXCITED TO HAVE SANTA CLAUS VISIT US ON DECEMBER 6TH, 2014

BRING YOUR FRIENDS & FAMILIES TO GET GREAT PICTURES WITH SANTA!

TIME: NOON to 4:00PM

WHERE: RE/MAX CONNECTION REALTORS, 1000 LINCOLN DRIVE EAST, MARLTON, NJ 08053