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Higher Wages:  When and Why?

March 12, 2015  |  by Ellen

The following essay is from the RBI Chief Economist, Elliot Eisenberg, Ph.D. where he shares what we can expect from the latest employment numbers. Since housing is so closely tied to employment we’re sharing his thoughts here. Last year 3.2 million net new jobs were created, the best performance since 2000, and total employment is now several million higher than... Continue Reading

DC Row House

Washington Post Real Estate Section Begins Spring Home Guide Coverage

March 11, 2015  |  by Ellen

The Washington Post real estate section is devoting the next three weekends to their Spring Home Guides with each issue having with a separate focus on housing as it relates to the nation’s capital. MRIS and RBI have been gathering data behind the scenes in conjunction with our CEO David Charron and he will have several articles run over the course of the... Continue Reading

Home Improvement ROI

We Want To Know Wednesday: Which Home Improvement Projects Really Do Have The Highest ROI?

March 11, 2015  |  by Ellen

Earlier we linked to a study that took ten years worth of data about home remodeling and analyzed which projects had the biggest payoff when it came time to sell the house. As we mentioned, one part that caught us by surprise was the conclusions that home offices had one of the lowest ROIs on the list. Since this was... Continue Reading

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RBI Feburary 2015 Market Update: DC Contract Activity Continues to Increase, Baltimore Home Sales and Contracts Up More than 20%

March 10, 2015  |  by Corey

The following analysis of the Washington, D.C. and Baltimore Metro Area housing markets has been prepared by Elliot Eisenberg, Ph.D. of RealEstate Business Intelligence (RBI) and is based on Feburary 2015 MRIS housing data. DC Metro Overview February home prices, contracts and closed sales up over 2014 levels; Days-on-market up significantly with increased inventory levels The Washington DC Metro housing... Continue Reading

Coming Soon Real Estate Sign

Days on Market for Listings in Coming Soon Status

March 9, 2015  |  by Michelle

Recently, MRIS has received inquiries on how entering a listing in Coming Soon Status affects the reset of Days on Market Property (DOMP) for a property. The calculation for Days on Market (DOM) and for resetting DOMP for the new status COMING SOON is consistent with the long standing MRIS policy for the calculation of DOM (Days on Market). DOMM... Continue Reading

Maintenance

MRIS System Maintenance This Weekend

March 6, 2015  |  by Jess

MRIS will be performing system maintenance this weekend, beginning around 10:30pm this evening, March 6 and continuing through 1:00am on Monday, March 9. MRIS systems impacted by this maintenance are as follows: Matrix – Brief period of unavailability at the beginning and end of maintenance period. You may experience slight slowness, but this is not expected. Keystone – Brief period of... Continue Reading

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NAR Releases Safety Report; Virginia To Increase Penalties For Crimes Committed In Vacant Homes

March 6, 2015  |  by Ellen

As part of our continuing coverage of real estate agent safety we wanted to pass on two pieces of news from this week. First is the infographic from a recent NAR Member Safety Report that asked agents around the country how safe they feel on the job and how they protect themselves. We’ve clipped a piece of the much larger infographic above,... Continue Reading

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Meet Ann Bailey, Real Estate Mentor and Driving Force Behind Ashland House

March 6, 2015  |  by David Charron

I’m proud to share this video about the important work our friend and colleague Ann Bailey does for Ashland House—a safe, nurturing environment for women recovering from alcohol-related substance abuse. She has been featured over on Inman Select, but I have put up the video here to help spread the word about what an inspiration she is. Not only has she... Continue Reading

Car on Snowy Road

Staying In? Watch a Recorded MRIS-U Webinar

March 5, 2015  |  by Jess

MRIS and RBI offices are closed today, but our Support Center will be open to assist you by phone, email and WebChat until 5pm today. Visit MRIS.com/Support for contact information. Feel like staying in today, but want to use the time to learn something new? Remember – mrisTV.com is always open! Many of our most popular MRIS-U webinars are available,... Continue Reading

Connections

New Homesnap Pro Features!

March 4, 2015  |  by Jess

Homesnap has recently released some new features we think you’ll enjoy! Coming Soon Listing Status If you’re a Homesnap Pro user, you’ll now be able to search for listings under the Coming Soon listing status. These listings will be marked by a gold pin and have a gold Coming Soon badge. These listings are available to logged in Homesnap Pro... Continue Reading