Property intelligence provider HouseCanary has announced it has signed a data agreement with Arizona Regional MLS (ARMLS), which serves more than 38,000 subscribers across most of Arizona, under the Google Listings Program. Under the agreement, active listings from opted-in ARMLS brokerages are eligible to appear in Google mobile search. A release notes that when consumers…
WASHINGTON, D.C.—Housing has been on a rollercoaster ride in the last two years, and 2027 is shaping up to be more of the same. Even though real estate has certainly seen its down cycles, this time is different, a leading economist told real estate executives last Friday at RISMedia’s 38th Annual CEO & Leadership Exchange.…
Economic uncertainty continues to push builders to temper their expectations (and pace of construction) based on the latest monthly new residential construction report by the U.S. Census Bureau. The Bureau’s report for July states that privately owned housing starts were at a seasonally adjusted annual rate of 1.24 million. This is a considerable decrease (12.4%)…
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…
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