Tag Archives: Bright MLS

“Home prices fell in February, the first year-over-year decline in the national median home price in more than two decades,” said Bright MLS Chief Economist Dr. Lisa Sturtevant.

Publishing data covering the month of February 2023, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development has released their joint report on new residential construction permits, starts, and completions.

This is now the eighth consecutive rate hike, an increase of 4.5% since the hikes began.

A new report from the National Association of Realtors shows pending home sales numbers improving on a monthly basis for the first time in six months. Click through to read Chief Economist Lawrence Yun’s thoughts on the matter.

Another Federal Open Market Committee Meeting, another rate hike. At the conclusion of the FOMC’s November Meeting, the Committee raised rates by 75 basis points, the fourth consecutive such hike and the sixth of 2022.

A new Bright MLS Housing Market Update takes a look at the state of the market in two major East Coast metros: Washington, D.C., and Baltimore, Maryland. How is the housing market faring in these two East Coast hubs?

The nation’s capital and its surrounding are experiencing growth in sales, prices, and other key market factors.