Bright MLS

S&P CoreLogic Case-Shiller Home Price Index rose 4.1% YoY. Higher mortgage rates, along with high home prices, have exacerbated affordability challenges and led to slower home price appreciation. Get more commentary from Bright's Chief Economist: https://lnkd.in/eKFVuYyx

Learn the latest insights from Bright Senior Economist, Erica Plemmons! Watch to gain crucial information about the currents in the housing market. Get more online: https://lnkd.in/eAARxuqc.

As supply continues to climb, more sellers are cutting their asking prices. Learn more in our weekly stats >> https://lnkd.in/eAARxuqc

Collaborate and communicate with your homebuyers like never before with the powerful, free Nestfully app. https://lnkd.in/e2XHr5Aw

Freddie Mac reported that mortgage rates were only up slightly this week. While prospective home buyers are watching rates, there's more to the story. Consumer confidence has fallen as concerns about the economy have increased. The likely result is a slow start to the spring housing market. Get more commentary from Bright's Chief Economist >>> https://lnkd.in/eKFVuYyx

The Federal Reserve kept the short-term federal funds rate unchanged. Right now, in this challenging environment, the Fed is trying to "separate sound from the noise" to gauge where the economy is headed. Get more commentary from Bright's Chief Economist >>> https://lnkd.in/eKFVuYyx

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Check out the latest on an analysis of DOGE and the D.C. area housing market. 💡Key takeways from me? ➡️ DOGE does not appear to be holding back buyers in the D.C. region. The number of new pending contracts across the greater Washington, D.C., region is increasing faster than in other regions. ➡️ Listing activity is rising faster than in other parts of the Mid-Atlantic. The number of new listings coming onto the market appears to be higher than what we would expect in a typical spring market, especially in farther out locations (e.g. Frederick, Charles counties in MD). ➡️ Uncertainty still clouds the outlook for the D.C.-area housing market. There is still confusion about the extent of the federal government layoffs, the return of provisional employees, agencies moving operations out of D.C., etc. ➡️ The upcoming spring market could provide the first material evidence of any housing market impacts. As federal government workers in the D.C. region grapple with their new situations—whether a job loss or return-to-the-office mandate—they are also starting to plan for a new job or a new home. As the housing market continues to pick up seasonally heading into April, we will be more likely to see the first clear signs of potential DOGE housing market impacts. See the latest weekly data here: brightmls.com/DCTracker. And while you're checking it out, let me know if you think that are other metrics we should be tracking.

New home construction is slowing, per U.S. Census Bureau data—housing starts down 2.9% YoY, permits falling 6.8%. Tariffs & economic uncertainty are hitting builders, while rising costs could impact buyers. Read more: https://lnkd.in/eKFVuYyx

Stay on top of market trends with insights from Bright Senior Economist Erica Plemmons! Watch now for the full update: https://lnkd.in/eAARxuqc