PDX Real Estate 144: The Latest Real Estate Market Action Data with Kurt von Wasmuth

The Portland Real Estate Podcast

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.

Key Takeaways

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

Connect with Kurt

Regional Multiple Listing Service (RMLS)

Kurt von Wasmuth on LinkedIn

Connect with Joe

Soldera Properties

Joe on LinkedIn

Connect with Steve

Steve’s Team at Premiere Property Group

Steve on LinkedIn

Resources

PDX Real Estate 122: A Conversation With RMLS CEO Kurt Von Wasmuth