Google Plus Facebook LinkedIn Twitter Vimeo RSS
Real Estate

Going public: A sign of market health?

By ,

You may not know it, but one of the largest real estate franchises in the county went public this week. RE/Max, after 40 years as a private company, had its IPO this past Wednesday and performed well in its debut.

Other recent high-profile real estate IPOs are Realogy, Trulia and Zillow in the last 18 months. So is this the sign of a real estate recovery – of overall market health?

In my opinion, most of these offerings would have happened much sooner without the impact of the downturn. The prolonged downswing, however, created a situation where expectations were diminished (Facebook, anyone?) and the time was ripe to go public. The fact that so many major entities have done so, and so recently, leads one to the conclusion that these folks think that the next thing is a period of prolonged market growth. Certainly, many areas around the country ARE experiencing significant growth (increased prices, decreased inventory).

This would seem to be “that moment” before the next run-up, and with all these companies cashing in on public speculation I think it’s safe to conclude that the real estate market is on the move.

Who’s next?

More from the Real Estate Blog

Jeff Geoghan

Jeff Geoghan

Jeff Geoghan is the marketing manager for Coldwell Banker Residential Brokerage in Central Pennsylvania, based in Camp Hill with 20 offices in 10 counties. Jeff lives in East Petersburg, where he also serves as mayor. He has been active in local government and business and has been used as a resource by local, regional and national publications.

All opinions in Jeff’s blog are his own and do not reflect those of his company or any other entities.

Leave a Comment


Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
View Comment Policy