Market
Fannie Mae: Most Consumers Remain ‘Apprehensive’ About Housing Market
Consumers reported significantly greater optimism about the future direction of mortgage rates, despite showing little change in overall home buying sentiment, according to Fannie Mae data. Fannie Mae Home Purchase Sentiment Index® (HPSI) for August increased 0.6 points to 72.1, up 5.2 points year over year. Fannie Mae added that a high of 39% of… […]
OneKey® MLS Reports Strong Housing Market for High-Value Transactions in New York
OneKey® MLS, serving the markets of New York’s Hudson River Valley to the Catskill Mountains, has announced new data for November 2024 reflecting continued strength in the housing market with higher-value transactions. In November, the regional single-family closed median sale price reached $ 700,000, a 7.7% increase from $ 650,000 in 2023, a press release […]
Webinar Recap: Getting Ready for the Rebound—How to Seize the Opportunity as the Market Improves
In the latest RISMedia webinar—“Getting Ready for the Rebound: How to Seize the Opportunity as the Market Improves”—panelists Jake Hamilton, senior vice president of Strategy at Lone Wolf Technologies; Shawna Alt, CEO of First Weber, Inc; and Scott MacDonald, broker/owner and president of RE/MAX Gateway, discuss key strategies for navigating a changing real estate market,… […]
NAHB Reports Remodeling Market Sentiment Dips in Q3
The National Association of Home Builders (NAHB) released its NAHB/Westlake Royal Remodeling Market Index (RMI) for Q3, posting a reading of 63, down two points compared to the previous quarter. The NAHB/Westlake Royal RMI survey asks remodelers to rate five components of the remodeling market as “good,” “fair” or “poor.” Each question is measured on… […]
August 2024 Commercial Real Estate Market Insights
In July 2024, office vacancy rates remained at a record high of 13.8%, retail and industrial fundamentals softened, and demand for apartments surged. www.nar.realtor – Research
Housing Market Outlook: What to Pay Attention to in Uncertain Times
In an upcoming keynote presentation at RISMedia’s CEO & Leadership Exchange, Bright MLS Chief Economist Lisa Sturtevant will provide an update on economic and housing market trends as we head into the last quarter of 2024. Sturtevant will discuss the key factors we need to watch in order to better understand where the market is… […]
Report: Foreclosures Nearing Record Low Amidst Challenging Housing Market
While the rate at which home prices are continuing to grow is slowing down in markets across the country, they’re still registering at record-high levels in many areas throughout the U.S. The last time home prices faced such pressing affordability numbers was right before the Great Recession, from 2007 to 2009, which brought an extreme… […]
May 2024 Commercial Real Estate Market Insights
In Q2 2024, the office vacancy rate reached new record highs, approaching nearly 14%, while fundamentals in retail and industrial sectors decelerated. www.nar.realtor – Research
Why Frustrated Buyers are Dropping Out of the Market
It’s not a buyer’s market in residential real estate right now—and many buyers are dropping out in the face of unfavorable market conditions. Bright MLS (covering the mid-Atlantic) has published its latest member survey results for May 2024. The survey surmises consumer behavior from agent/broker responses, and the results are eye-catching. Of the buyer agents… […]
VIDEO: Midwest Regional Rookie of the Year on First-Year Success in a Challenging Market
Since jumping into real estate, Heather McColaugh has taken the industry by storm. After years of managing her career in pharmaceutical sales and caring for her three adopted children, McColaugh realized that something needed to change. “I had absolutely no control over my day, and no bandwidth,” says McColaugh, the 2023 Midwest Regional Rookie of… […]