PDX Real Estate 144: The Latest Real Estate Market Action Data with Kurt von Wasmuth
We’ve just seen the most significant interest rate hike since 1994. There’s scary inflation news and an economy in flux.Has all of this caused a slowing down in the real estate market?
Kurt von Wasmuth, President/CEO of the Oregon RMLS, is back on the show to share the latest market action data.
On this episode of the Portland Real Estate Podcast, Kurt joins cohosts Joe Fustolo and Steve Nassar to share the active listings data and the forecast for new construction for the rest of 2022.
Kurt shares what the post-COVID data shows about review deadlines and what buyers want and will pay the highest dollar for in homes now. We discuss two surprising data trends in the commercial market and how the great resignation is affecting the numbers in the real estate population.
Listen in for a look at the value of the RMLS for subscribers in a tight real estate market and how Kurt’s team is working to bring new features onboard. Plus, two exciting RMLS offerings coming soon.
Why median is a more reliable market indicator than average when it comes to housing prices
Why it’s still a hot market even with the trend of only one month’s worth of inventory
What the new construction data says about the change in momentum in the market
The indicator that new construction is going to be strong throughout the rest of 2022
Why the review deadlines trend is cooling now that demand is cratering
Why buyers are going all-in for larger yards and more square footage
The post-Covid trend toward buying in the commercial space
How the great resignation drove the MLS subscriber number to an all-time high
What will happen to a broker’s bottom line when the number of listings per subscriber resets
How artificial intelligence is helping to find errors in the RMLS
How the value of an RMLS subscription increases in a tight real estate market