Tag Archives: 2011

RE/MAX CONNECTION: NUMBER ONE IN NEW JERSEY

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RE/MAX CONNECTION RANKED NUMBER ONE
IN TOTAL UNITS BOUGHT, SOLD IN NEW JERSEY

Contact: Kevin Bayzath
Phone: (856) 988-1800
Email: kbayzath@aol.com

MARLTON (Feb. 15) – RE/MAX Connection Realtors was the number one-ranked RE/MAX real estate company in New Jersey in 2011 and had three of the top four ranked individual agents in the state.

The three RE/MAX Connection offices – in Marlton, Mantua and Turnersville – successfully closed 1,417 transactions, more than any other multi-office operation in the state, as well as closing more than $218 million dollars in real estate transactions. The company also ranked third statewide in overall agent commissions.

RE/MAX Connection agent Mark Petracci, from the Mantua office, was – for the third-straight year — the state’s number one RE/MAX agent. Joining him at the top of the list were Turnersville colleagues David Beach at number three in the state and Joseph Granato at number four.

Among individual office locations, RE/MAX Connection’s Turnersville operation was second in the state in 2011 with the Marlton office being ranked number five.

“We have always said the best agents in the state work at RE/MAX Connection, the best real estate agency in the state,” said Christopher J. Brown, CEO of RE/MAX Connection. “This year’s rankings, once again, prove that point.

“Our goal is to produce the best results every day for our clients as we help them buy or sell property,” Brown continued, “and we are very proud of this recognition of our collective hard work.”

Three other agents from the RE/MAX Connection Turnersville office also received high honors in the 2011 rankings. John Swartz, at number six, and Christopher McKenty, at number seven, finished in the top 10 in the Team Sales category for the year. In addition, Peter Sklikas received the “First Year Performance Award” as the agent who posted the best sales numbers among those joining RE/MAX midyear.

“While other companies in this economy are having a hard time closing deals, RE/MAX Connection agents have adapted and overcome these challenges,” Brown explained. “Among the new techniques our agents are implementing to do this is our Home Price Protection program.”

Home Price Protection is a financial product that provides a payout to homeowners in the event the relative value of their home declines at the time they sell, regardless of what price the home sells for. It is available exclusively in South Jersey by RE/MAX Connection.

Among other individual honors, a total of 36 agents from the three offices achieved three different sales levels of accomplishment. The highest ranking, Platinum Club status, was reached by three agents from the Turnersville office: Joseph Granato, Christopher McKenty and Peter Sklikas.

Among the 16 RE/MAX Connection agents who achieved 100% Club status:
– Eight were from the Marlton office: Mark Cuccuini, Ines De La Cruz, Ron DiPinto, Bryant Lafferty, Brian Menchel, Yvette Veideman, Rochelle Yanchyshyn and Gina Ziegler.
– Four were from the Mantua office: Brent Grigsby, Scott Kompa, Mark Petracci and Dave Sulvetta.
– Four were from the Turnersville office: David Beach, John Swartz, Michael Walton and Frank Wible.

In addition, 17 RE/MAX Connection agents reached Executive Club status:
– Six from Marlton: Joan Baines, Donna Clyde, Joanne Kim, Dawn McCann, Robert Millaway and Elisa Nicolaci.
– Eight from Mantua: Richard Bradford, Donna Breland, Daniel D’Alonzo Jr., Janet Larsen, James Moller, Jennifer Pagliarini, Antoinette Wessel and Brian Ziegenfuss.
– Three from Turnersville: Colleen Dorrego, Danielle McFadden and Heidi Rommel.

“We are especially proud that, despite there being more people and more homes in other portions of the state,” said Kevin Bayzath, Broker of Record for RE/MAX Connection, “our three South Jersey offices, and our outstanding agents, closed more transactions than the competition.”

RE/MAX Connection – Marlton is located at 1000 Lincoln Drive East, Suite Two, Marlton, NJ 08053. Phone: (856) 988-1800. Fax: (856) 988-8020. RE/MAX Connection – Mantua is located at 140 Bridgeton Pike, Mantua, NJ 08051. Phone: (856) 415-1210. Fax: (856) 415-1291. RE/MAX Connection – Turnersville is at 5701 Route 42, Turnersville, NJ 08012. Phone: 856-228-7990. Fax: 856-228-4433.

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

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RE/MAX Connection Realtors accepts no liability for the content of this email/blog, or for the consequences of any actions taken on the basis of the information provided, unless that information is subsequently confirmed in writing. RE/MAX Connection Realtors is providing this transmission for informational purposes only. Any views or opinions presented in this email/blog do not necessarily represent those of the company.

The recipient should check this email and any attachments for the presence of viruses. The company accepts no liability for any damage caused by any virus transmitted by this email.

RE/MAX Connection Realtors, 1000 Lincoln Drive East, Suite Two, Marlton, NJ 08053 www.goconnectionnj.com.

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Naroff Economic Advisors — Fourth Quarter 2011 Productivity/Unemployment Claims

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NAROFF ECONOMIC ADVISORS, Inc.

Joel L. Naroff
President and Chief Economist

INDICATOR: Fourth Quarter 2011 Productivity/Unemployment Claims

KEY DATA: Nonfarm Productivity: +0.7%; Unit Labor Costs: +1.2%/Claims: 367,000 (down 12,000); 4-Week Average: 375,750 (down 2,000)

IN A NUTSHELL: “As is the usual case, with employment rising, productivity is moderating and that is raising labor costs.”

WHAT IT MEANS: Businesses have worked extraordinarily hard this recovery to restrain all costs but especially labor expenses. They have done so by working employees harder and longer and that has paid off in large increases in productivity and earnings.

Those days are slowly fading as job growth is picking up. The new workers must be trained and at least until demand rises faster, there is somewhat less for each worker to do. Thus, we are now in the normal productivity slowdown phase.

Output by each worker grew in the fourth quarter at less than half the pace posted in the summer period. The biggest decline was in manufacturing, which has been gearing up to deal with rising sales. That sector went from robust increases to decline.

The slowdown in productivity has some major implications for business costs. Worker compensation is rising and even adjusting for inflation, it actually improved at the end of 2012. For all of 2011, productivity rose at the slowest pace since 2008.

If you want to know why consumer demand has not surged, just look at the compensation numbers: Hourly compensation adjusted for inflation fell by 1.2% in 2011. It’s hard to buy more when your spending power is being diminished.

Even with the moderation in productivity, it looks like hiring will remain on the rise. Weekly unemployment claims fell and the trend level has reached a point where the unemployment rate should go down if not monthly, fairly steadily.

MARKETS AND FED POLICY IMPLICATIONS: Usually you have to give up something to get something and that is the case with jobs. As payroll gains accelerate, productivity normally eases, raising business costs but also increasing worker compensation.

That we are seeing that happen should be cheered as the consumer is the centerpiece of this economy. More jobs mean more income and as the unemployment rate declines, wage gains accelerate. That will provide the means to greater consumption and economic growth.

So both the productivity and unemployment claims numbers, when taken in tandem, paint a picture of an economy recovering. The Fed acknowledged that the labor market was beginning to improve but discounted any major drop in the unemployment rate. The accuracy of that forecast will determine the ability of the FOMC to keep rates low until the end of 2014.

I think unemployment rates will fall faster than the monetary authorities do so I expect rates to rise well before that date. Since tomorrow is employment Friday, we only have a few hours to wait until we see how the year started off but not matter what number prints, the decline in the claims numbers does point to an improving labor market that will ultimately show up in more jobs.

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RE/MAX Connection Realtors is not a licensed financial advisor and is not providing any financial advice. You should consult with a licensed financial advisor prior to making any financial decisions. RE/MAX Connection Realtors only is providing this economic statement from Naroff Economic Advisors, Inc. for informational purposes.

Our company accepts no liability for the content of this email/blog, or for the consequences of any actions taken on the basis of the information provided. Any views or opinions presented in this email/blog are solely those of the author and do not necessarily represent those of the company. Finally, the recipient should check this email and any attachments for the presence of viruses. The company accepts no liability for any damage caused by any virus transmitted by this email.

RE/MAX Connection Realtors, 1000 Lincoln Drive East, Suite Two, Marlton, NJ 08053 www.goconnectionnj.com.