Real estate behemoth Re/Max (RMAX) is off to the races, as the freshly launched Re/Max IPO is already up about 22% today after pricing its deal at $22 — above its initial $19-to-$21 range.
Understandably, Re/Max chairman and co-founder Dave Liniger was definitely upbeat when he talked to InvestorPlace about the company’s prospects as well as the macro trends in the real estate industry.
“Since starting Re/Max back in 1973, we’ve gone through five recessions,” he said. “The latest one was the toughest because of the subprime mess and the bubble. But since then, we’ve seen a n