My thanks to RentSpree for sponsoring Vendor Alley this month. RentSpree is a great solution for real estate agents looking to expand their business. They also have great resources for MLS organizations. Recently they did a new case study co-authored with Bright MLS.
Bright MLS has been one of the earliest advocates for rentals. This mindset and some of the related initiatives resulted in rental listings on the Bright MLS system increasing by nearly 11 percent in 2022.
Given the current economic environment, going into the second half of 2023, Bright expects the number of rental listings on their system to further increase this year, cementing a trend.
“Rising mortgage rates and high home prices have made it more challenging for would-be homebuyers, particularly first-timers,” Richard McDonald, VP of Business Development & Strategic Partnerships at Bright MLS. “As a result, we saw rental listings on our system jump significantly as demand for rental housing increased. With mortgage rates remaining elevated and home prices showing no signs of coming down, expect the number of rental listings across the Bright footprint to continue to increase in 2023.”
Please click here for the full case study.
My thanks again to Michael and his team at RentSpree for sponsoring Vendor Alley this month.
