Bright first MLS to hire a chief economist

Dr. Lisa Sturtevant will help Bright with “critical business decisions around the company’s data assets” such as evaluating products and partnerships. Continue reading

Financial tech giant strikes deal to acquire Black Knight

Intercontinental Exchange has agreed to acquire Black Knight, a mortgage-industry service provider, at a valuation of $13.1 billion, it was announced Wednesday. Continue reading

Corcoran lands top spot in first-ever UrbanDigs NYC brokerage rankings

Corcoran took the top spot in Manhattan and Brooklyn with $2.54 billion in signed contracts, with Compass following close behind, according to the firm’s inaugural NYC quarterly report. Continue reading

Foreclosures hit post-pandemic high during first quarter of 2022

U.S. foreclosure activity hit a new high not seen since the start of the COVID-19 pandemic, as foreclosures continue to rebound following the lapse of federal moratoriums, according to data from Attom. Continue reading

Existing-home sales drop for second month as buyer demand stalls

Total existing-home sales dropped by 2.7% from February 2022 and by 4.5% from March 2021 to a seasonally adjusted annual rate of 5.77 million, according to the National Association of Realtors. Continue reading

US housing starts hit fastest pace in 16 years

Privately owned housing starts increased 0.3 percent from revised February figures to a seasonally adjusted annual rate of 1.79 million, according to US Census Bureau data released Tuesday. Continue reading

Portland is losing rentals. Realtors say rent control may be to blame

A new study found Portland lost 14 percent of its single-family rental stock in recent years following adoption of tenant protection laws. Continue reading

Residential construction spending rises for fifth-consecutive month

The steady increase has occurred despite widespread supply shortages, tight labor markets, rising inflation and the volatile cost of wood, according to National Association of Home Builders. Continue reading

Quiz: Guess how all those pandemic-era remodeling projects panned out

A new National Association of Realtors study details remodeling projects that brought the most joy and best returns on investment. Can you guess what they are? Take Inman’s quiz to find out. Continue reading

‘New York market remains a juggernaut’ in Q1, condo sales thrive

Quarterly market reports released this week from several area brokerages revealed a luxury market in high demand, with climbing prices and little inventory. Continue reading