Get your weekly research breakdown from Bright Senior Economist Erica Plemmons! Visit this link for more insights: https://lnkd.in/eAARxuqc. #BrightResearch
Bright MLS
Real Estate
North Bethesda, MD 5,193 followers
Follow Bright MLS on LinkedIn for the timeliest Mid Atlantic real estate stats, trends and insights
About us
Bright MLS was founded in 2016 as a collaboration between 43 visionary associations and two of the nation’s most prominent MLSs to transform what an MLS is and what it does, so real estate pros and the people they serve can thrive today and into our data-driven future through an open, clear and competitive housing market for all. Bright is proud to be the source of truth for comprehensive real estate data in the Mid-Atlantic, with market intelligence currently covering six states (Delaware, Maryland, New Jersey, Pennsylvania, Virginia, West Virginia) and the District of Columbia. Bright MLS’s innovative tool library—both created and curated—provides services and award-winning support to well over 100K real estate professionals, enabling their delivery on the promise of home to over half a million home buyers and sellers monthly. Learn more at BrightMLS.com.
- Website
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https://linktr.ee/BrightMLS
External link for Bright MLS
- Industry
- Real Estate
- Company size
- 51-200 employees
- Headquarters
- North Bethesda, MD
- Type
- Partnership
- Founded
- 2016
Locations
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Primary
Get directions
909 Rose Avenue
Suite 1050
North Bethesda, MD 20852, US
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Get directions
1 Country View Road
Suite 201
Malvern, PA 19355, US
Employees at Bright MLS
Updates
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Last week’s contracts and showings were up over last year, while price drops were less frequent, reflecting this increase in buyer activity. Get more from our weekly market report at https://lnkd.in/eAARxuqc #BrightResearch
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Mortgage rates rose again this week to 6.54%, the highest since early Aug., marking the fourth consecutive increase. Despite the Fed’s rate cut in Sept., other factors are driving rates up. Will rates stabilize soon? Get insights from our Chief Economist: https://lnkd.in/eKFVuYyx
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New home sales were up 6.3% in Sept., reaching the highest level since May 2023. As rates drop, more buyers may enter the market, but builders may need to lower prices to compete with existing homes. More from our Chief Economist Dr. Lisa Sturtevant: https://lnkd.in/eKFVuYyx
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The fall market is shaping up to be stronger than typical as showings and new listings soar while prices ease. In case you missed it, view our weekly stats at https://lnkd.in/eAARxuqc
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Hello industry friends and colleagues – As the real estate industry continues to navigate pivotal changes, including the 2024 shifts in agent and broker compensation, it’s more important than ever to bring fresh ideas and solutions to the table. Rene’s extensive experience working with various industry organizations has prepared him to lead productive conversations and drive impactful results. We would greatly appreciate your support for Rene’s candidacy on the CMLS - Council of Multiple Listing Services Board of Directors. Together, we can tackle the challenges ahead and embrace new opportunities. Thank you for your consideration! #RealEstateInnovation
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National Association of REALTORS® Existing-Home sales report reported home sales dropped 1% in Sept., tracking 3.5% below last year. However, more inventory and expected rate drops could lead to a busy Q4. Read our Chief Economist's latest: https://lnkd.in/eKFVuYyx
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Bright's weekly stats show more activity than last year. Get the breakdown from Bright Senior Economist Erica Plemmons! https://lnkd.in/eAARxuqc
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Fall is firing up, as showings and new listings soared last week. See what else the market indicates: https://lnkd.in/eAARxuqc
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Tomorrow at the Ohio REALTORS® Broker Summit, join Dr. Lisa Sturtevant for an insightful exploration of the trends impacting real estate now and into the future. https://lnkd.in/esTSHt9B
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