In the wake of elevated mortgage rates and rising year-over-year inflation, homesellers are doing their best to stimulate buyer behavior and get their listings off the market. According to a recent report by Bright MLS Chief Economist Lisa Sturtevant, about 40.1% of market listings in the Mid-Atlantic region have had their prices reduced as of…
Above, Steve Mapes Bright MLS has announced that Steve Mapes has joined the company as Executive Vice President of Growth & Strategy, a new leadership role focused on expanding Bright’s market presence and accelerating the company’s long-term growth strategy. Mapes joins Bright from First MLS (FMLS), according to a release, where he served as Chief…
The battle over private listings is playing out nearly everywhere—from statehouses and courthouses to brokerage offices and Wall Street boardrooms. As opponents and supporters of the practice make their cases, the debate looks vastly different depending on the venue. But one tool that is nearly always effective is data. And as the practice draws more…
If the last few years have taught real estate practitioners anything, it’s that the housing market is anything but predictable. The COVID-19 pandemic threw what can only be described as a massive wrench into many of the “typical” trends of the market. So many ways in which housing worked, behaved or cycled shifted, or went…
Bright MLS, covering a huge swath of territory across the Mid-Atlantic coast region, is currently the largest multiple listing service in the country. Being the largest often means that the decisions it makes will set the bar for smaller players—particularly in a time of rapid change and uncertainty. This week, Bright announced significant updates to…
Homeowners are older than the general population, while younger generations are falling behind due to affordability challenges. There has been some expectation of a so-called “silver tsunami,” i.e., when older homeowners begin listing their homes this will boost supply across the housing market. Lisa Sturtevant, chief economist of Bright MLS and publisher of the Housing…
Bright MLS has announced it will join a HouseCanary-powered program that surfaces home listings directly in Google mobile search results—a move that would make it one of the first major regional MLSs to plug into the initiative. Bright MLS covers six states—Delaware, Maryland, New Jersey, Pennsylvania, Virginia and West Virginia—and the District of Columbia, serving…
Summer arrives with a positive sign for the housing market, as the National Association of Realtors®’ (NAR) pending home sales report shows growth month-over-month and year-over-year in May 2026. Gains were felt across all four major regions of the United States. “A late spring buyer rush—even with mortgage rates not budging—is an indication of pent-up…
Above, Canopy MLS CEO Anne Marie DeCatsye With the recent news that Charlotte, North Carolina-based Canopy MLS is joining the trend to expand nationally, Anne Marie DeCatsye, Esq., CEO of Canopy MLS, explained in further detail to RISMedia its recent move to allow subscribers nationwide. The MLS serves 14 Realtor® associations and 26 counties in…
The U.S. housing market has been in a period of resetting and restructuring for years. And while many had hoped that 2026 would finally be the year the environment returned to “normal,” the market has only grown more complex amidst persistent economic uncertainty and industry disruptions. The truth? We may not know exactly what the…
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