BRENTWOOD, TN., Crye-Leike, REALTORS is proud to announce that it has been named to RISMedia's 20th Annual Power Broker Report & Survey. Crye-Leike ranked 4th in the nation in closed transaction sides in the 2008 Power Broker Report, which identifies and ranks America's largest residential real estate brokerage companies by transaction sides and sales volume.
The results of this year's Power Broker Survey reflect the market downturn felt from coast to coast. Longer listing times, more cautious buyers and the mortgage meltdown resulted in fewer total transactions?2,322,210 in 2007 compared to 2,754,618 in 2006. Meanwhile, price appreciation continued its decline, resulting in lower total sales volume?$749,201,552,294 in 2007 compared to $855,755,959,352 in 2006.
In 2007, the Crye-Leike organization attained sales of $5.7 billion with 32,500 closed transaction sides compared to a volume of $6.1 billion with 35,498 closed units in 2006.
To view the complete Power Broker Survey results, visit www.rismedia.com.
"Appearing in RISMedia's 2008 Power Broker Report is more important than ever," explains RISMedia President & CEO John Featherston. "By ranking the industry's leading brokerages by sales dollar volume and transaction, we have been able to identify the leaders in real estate year after year. It's a great promotion and recruitment tool and a great way to show consumers that the real estate industry is still open for business.
The results of the Power Broker Report & Survey by RISMedia confirm the company's nationwide ranking. In early April 2008 the findings of the 2008 Real Trends 500 survey also showed the company as the nation's 4th largest for the second consecutive year. Real Trends surveys the top 500 Real Estate brokers in the U.S. based on the total number of closed transactions in 2007.
"Being among the top brokers in the country is a sure way to gain the trust of speculative clients," said CEO & company Cofounder Harold Crye. "This further differentiates our firm from the competition, and we hope will catch the eye of ambitious new real estate agent recruits."
For years, the nation's top real estate brokers have sought to be included in the report?an indispensable reference tool used by the real estate industry. RISMedia's Power Broker Report is read by more than 300,000 real estate professionals, thousands of leading corporate relocation decision makers and is accessible online to millions of interested consumers.
The Power Broker Report & Survey is compiled annually by RISMedia and is based on data collected by an annual survey of leading residential real estate brokerage firms. All sales and transaction volume comes directly from brokerages and is verified and substantiated by external sources, in most cases accounting firms, prior to publication.
Based in Norwalk, Conn., RISMedia was founded in 1980 as the premier source of news and business-development information for the residential real estate and home services industries. RISMedia is the leading media organization for best practices information, breaking news and analysis, educational and networking events, and marketing and branding solutions for the leading real estate and home services companies throughout the United States. RISMedia's flagship publication, Real Estate magazine's printed edition is distributed to more than 40,000 brokers and leading agents nationwide, and RISMedia's Daily e-News is circulated to upwards of 300,000 real estate professionals each day. For more information, visit www.rismedia.com.
Harold Crye and Dick Leike established Crye-Leike, REALTORS in 1977. Today, Crye-Leike?, the nations 4th largest real estate company, has a network of more than 4,100 sales associates and 132 corporate and franchise offices located in 65 counties through-out the eight-state southern region of Tennessee, Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi and North Carolina.
Crye-Leike is a full-service real estate company offering buyers and sellers services in the following areas of specialty: residential sales, mortgage lending, title, insurance, commercial business and investments, property management, development and construction, builder resources, REO bank-owned properties, relocation, auctions, and home services referrals. In 2007, the Crye-Leike organization attained sales of $5.7 billion with 32,500 closed transaction sides.
CRYE-LEIKE, REALTORS RANKED NATION'S 4TH LARGEST
April 25, 2008