HouseMaster Celebrates 30th Anniversary
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The First Home Inspection Franchisor in North America Commemorates Its 30th
Anniversary
BOUND BROOK, N.J.--(Business Wire)--
HouseMaster, the first and one of the largest home inspection franchisors in
North America, is proud to mark its 30th anniversary as the authority in home
inspections "done right." HouseMaster is using the start of the home buying and
selling season to celebrate this milestone and reflect on the evolution of the
home inspection business over the course of the past 30 years.
"We are very proud of achieving this milestone," said Kathleen Kuhn, president
of HouseMaster. "For 30 years we have been committed to helping consumers make
informed real estate decisions and advancing the need for comprehensive training
in the home inspection industry. As the first franchisor in the business we've
long been the standard bearer for quality and integrity in both the home
inspection and franchising industries. With 385 franchisees and almost 2 million
inspections performed, we are still raising the bar and looking forward to
another 30 years of success."
Founded in 1979 by Kenneth T. Austin, HouseMaster was the first home inspection
franchise operation in the United States. Within a few years, HouseMaster
expanded to 12 states. By 1993, the company grew to 175 U.S. offices, and opened
its first international office in the Winnipeg, Manitoba Province, of Canada. In
2002, HouseMaster's current president, Kathleen Austin Kuhn, assumed control of
the company which was acquired in 2008 by Sopra Capital, LLC, a private equity
and management firm focused on the acquisition and development of established
franchise brands that are poised for growth.
In commemoration of this achievement, HouseMaster is reflecting on some of the
ways in which the industry has changed since its inception 30 years ago. The
following comparisons are illustrative of the scope of those changes.
MORTGAGE RATES (30 Year Mortgages):
1979: 10%
2004: 5.01%
PERCENTAGE OF FORECLOSURES:
1979: .25%
2009: 13.7%
AVERAGE PRICE OF HOMES:
1979: $65,867
2009: $252,400
PERCENT OF HOMES INSPECTED PRIOR TO PURCHASE:
1979: 2%
2009: 77%
NUMBER OF HOUSEMASTER FRANCHISES:
1979: 1
2009: 385
More information on HouseMaster and its 30 years of industry expertise can be
found at www.housemaster.com.
Media:
R&J Public Relations
Crystal DeCotiis, 908-722-5757
cdecotiis@randjpr.com
Copyright Business Wire 2009
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