{"id":458974,"date":"2021-03-16T13:03:10","date_gmt":"2021-03-16T17:03:10","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=458974"},"modified":"2021-03-16T13:03:10","modified_gmt":"2021-03-16T17:03:10","slug":"bright-mls-and-t3-sixty-launch-home-demand-index-to-provide-real-time-insight-into-homebuyer-demand","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bright-mls-and-t3-sixty-launch-home-demand-index-to-provide-real-time-insight-into-homebuyer-demand\/","title":{"rendered":"Bright MLS and T3 Sixty Launch Home Demand Index to Provide Real-Time Insight Into Homebuyer Demand"},"content":{"rendered":"<h2>\nReal estate professionals in the Mid-Atlantic region now have access to detailed homebuyer demand information down to the ZIP code level<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"left\">ROCKVILLE, Md., March  16, 2021  (GLOBE NEWSWIRE) &#8212; <a href=\"http:\/\/brightmls.com\/\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Bright MLS<\/a>, which serves over 95,000 real estate professionals from Pennsylvania to Virginia, today announced the launch of the Bright T3 <a href=\"http:\/\/bright.homedemandindex.com\/\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Home Demand Index<\/a>, a first-of-its-kind forward-looking measure of housing demand rooted in the comprehensive and current housing data only a multiple listing service can provide.<\/p>\n<p>The Bright T3 Home Demand Index, powered by real estate research and consulting firm <a href=\"http:\/\/t3sixty.com\/\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">T3 Sixty<\/a>, measures and tracks data on presale activities, including showing requests, home searches and views within Bright MLS; it also tracks accepted showings and home sales across the Bright footprint. Using a machine-learning algorithm, an index score is generated at the metro and ZIP code level based on this activity, and includes a five-level rating scale, from limited demand to high demand. Scores are also broken out by property type: single-family, condo and townhouse\/rowhouse\/twin.<\/p>\n<p>A photo accompanying this announcement is available at <a href=\"https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/fc9c9f25-3ca7-4739-8286-171804a30436\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/fc9c9f25-3ca7-4739-8286-171804a30436<\/a><\/p>\n<p>The Bright T3 Home Demand Index is a key part of Bright MLS\u2019s strategy to create a nimbler, more valuable MLS platform. Most existing housing indices track what has happened in the past; the Bright T3 Home Demand Index captures what is happening right now and, over time, helps paint a picture of buying activity into the future. This gives real estate professionals valuable real-time information that they can use to better price homes for their clients; in addition, consumers can access the information to analyze purchase opportunities.\u00a0<\/p>\n<p>\u201cEverything we do at Bright is done to help drive our Brokers&#8217; and agents&#8217; business forward, and to help them better serve the homebuyers and sellers that depend on them for guidance,\u201d said Bright MLS President and CEO Brian Donnellan. \u201cThe Bright T3 Home Demand Index serves this mission directly by giving real estate professionals and their clients an anticipatory look at housing demand that simply did not exist before. More people will be able to make more informed decisions about real estate with this tool at their fingertips.\u201d<\/p>\n<p>\u201cThe Bright T3 Home Demand Index gives real estate professionals more accurate and almost real-time insight into the home buying and selling process,\u201d said T3 Sixty Chairman and CEO Stefan Swanepoel.<\/p>\n<p>A photo accompanying this announcement is available at <a href=\"https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/618bd1e4-e714-4125-a661-05f611a10894\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/618bd1e4-e714-4125-a661-05f611a10894<\/a><\/p>\n<p>The Bright T3 Home Demand Index covers the Baltimore, Washington, D.C., and Philadelphia markets and adjacent communities. Within each market, users can dig deeper into ZIP code-level precision, allowing agents and consumers to analyze the data to make informed decisions about asking price, timing their listings, and marketing and advertising approaches.<\/p>\n<p>\n        <strong>About the Bright T3 Home Demand Index<\/strong>\n      <\/p>\n<p>The Bright T3 Home Demand Index is designed to track the level of interest and activity of actively engaged homebuyers and reflects homebuying demand in a specific region based on data sourced from partner MLSs. The Index measures activities that happen before the market and sales process occurs, and is thus a more current and accurate indicator of home demand activity. For more information, visit <a href=\"http:\/\/homedemandindex.com\/\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">homedemandindex.com<\/a>.<\/p>\n<p>\n        <strong>About Bright MLS<\/strong><\/p>\n<p>Bright MLS\u2019s real estate service area spans 40,000 square miles throughout the Mid-Atlantic region, including Delaware, Maryland, New Jersey, Pennsylvania, Virginia, Washington, D.C., and West Virginia. As a leading multiple listing service (MLS), Bright supports over 95,000 real estate professionals who in turn serve the more than 20 million homeowners in our footprint. In 2020, Bright\u2019s customers facilitated $116.3B in real estate transactions through our system. For more information, please visit <a href=\"http:\/\/www.brightmls.com\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.brightmls.com<\/a>.<\/p>\n<p>\n        <strong>About T3 Sixty<\/strong>\n      <\/p>\n<p>T3 Sixty is a trusted advisor and management consultancy in the residential real estate industry. Clients include franchisors, brokerages, associations, MLS organizations and technology companies. Whether reorganizing, expanding or innovating, leaders and entrepreneurs rely on T3 Sixty\u2019s extensive experience and objective, analytical research to affect intelligent change. For more information, please visit <a href=\"http:\/\/t360.com\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>t360.com<\/u><\/a>.<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE5MTEwMiM0MDY2OTk0IzUwMDA0ODE5Mg==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/fc66c1f0-d498-42e6-a305-5b3f017df3c5\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\">\n<pre>For Bright MLS Christy Reap\r\n202.309.9362 (C)\r\nchristy.reap@brightmls.com\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0\r\n\r\nFor T3 Sixty Paul Hagey\r\n510.384.4688 (C)\r\npaul@t3sixty.com<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Real estate professionals in the Mid-Atlantic region now have access to detailed homebuyer demand information down to the ZIP code level ROCKVILLE, Md., March 16, 2021 (GLOBE NEWSWIRE) &#8212; Bright MLS, which serves over 95,000 real estate professionals from Pennsylvania to Virginia, today announced the launch of the Bright T3 Home Demand Index, a first-of-its-kind forward-looking measure of housing demand rooted in the comprehensive and current housing data only a multiple listing service can provide. The Bright T3 Home Demand Index, powered by real estate research and consulting firm T3 Sixty, measures and tracks data on presale activities, including showing requests, home searches and views within Bright MLS; it also tracks accepted showings and home sales across the Bright footprint. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bright-mls-and-t3-sixty-launch-home-demand-index-to-provide-real-time-insight-into-homebuyer-demand\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Bright MLS and T3 Sixty Launch Home Demand Index to Provide Real-Time Insight Into Homebuyer Demand&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-458974","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bright MLS and T3 Sixty Launch Home Demand Index to Provide Real-Time Insight Into Homebuyer Demand - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bright-mls-and-t3-sixty-launch-home-demand-index-to-provide-real-time-insight-into-homebuyer-demand\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bright MLS and T3 Sixty Launch Home Demand Index to Provide Real-Time Insight Into Homebuyer Demand - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Real estate professionals in the Mid-Atlantic region now have access to detailed homebuyer demand information down to the ZIP code level ROCKVILLE, Md., March 16, 2021 (GLOBE NEWSWIRE) &#8212; Bright MLS, which serves over 95,000 real estate professionals from Pennsylvania to Virginia, today announced the launch of the Bright T3 Home Demand Index, a first-of-its-kind forward-looking measure of housing demand rooted in the comprehensive and current housing data only a multiple listing service can provide. The Bright T3 Home Demand Index, powered by real estate research and consulting firm T3 Sixty, measures and tracks data on presale activities, including showing requests, home searches and views within Bright MLS; it also tracks accepted showings and home sales across the Bright footprint. &hellip; Continue reading &quot;Bright MLS and T3 Sixty Launch Home Demand Index to Provide Real-Time Insight Into Homebuyer Demand&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/bright-mls-and-t3-sixty-launch-home-demand-index-to-provide-real-time-insight-into-homebuyer-demand\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-16T17:03:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE5MTEwMiM0MDY2OTk0IzUwMDA0ODE5Mg==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bright-mls-and-t3-sixty-launch-home-demand-index-to-provide-real-time-insight-into-homebuyer-demand\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bright-mls-and-t3-sixty-launch-home-demand-index-to-provide-real-time-insight-into-homebuyer-demand\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Bright MLS and T3 Sixty Launch Home Demand Index to Provide Real-Time Insight Into Homebuyer Demand\",\"datePublished\":\"2021-03-16T17:03:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bright-mls-and-t3-sixty-launch-home-demand-index-to-provide-real-time-insight-into-homebuyer-demand\\\/\"},\"wordCount\":693,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bright-mls-and-t3-sixty-launch-home-demand-index-to-provide-real-time-insight-into-homebuyer-demand\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODE5MTEwMiM0MDY2OTk0IzUwMDA0ODE5Mg==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bright-mls-and-t3-sixty-launch-home-demand-index-to-provide-real-time-insight-into-homebuyer-demand\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bright-mls-and-t3-sixty-launch-home-demand-index-to-provide-real-time-insight-into-homebuyer-demand\\\/\",\"name\":\"Bright MLS and T3 Sixty Launch Home Demand Index to Provide Real-Time Insight Into Homebuyer Demand - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/bright-mls-and-t3-sixty-launch-home-demand-index-to-provide-real-time-insight-into-homebuyer-demand\/","og_locale":"en_US","og_type":"article","og_title":"Bright MLS and T3 Sixty Launch Home Demand Index to Provide Real-Time Insight Into Homebuyer Demand - Market Newsdesk","og_description":"Real estate professionals in the Mid-Atlantic region now have access to detailed homebuyer demand information down to the ZIP code level ROCKVILLE, Md., March 16, 2021 (GLOBE NEWSWIRE) &#8212; Bright MLS, which serves over 95,000 real estate professionals from Pennsylvania to Virginia, today announced the launch of the Bright T3 Home Demand Index, a first-of-its-kind forward-looking measure of housing demand rooted in the comprehensive and current housing data only a multiple listing service can provide. The Bright T3 Home Demand Index, powered by real estate research and consulting firm T3 Sixty, measures and tracks data on presale activities, including showing requests, home searches and views within Bright MLS; it also tracks accepted showings and home sales across the Bright footprint. &hellip; Continue reading \"Bright MLS and T3 Sixty Launch Home Demand Index to Provide Real-Time Insight Into Homebuyer Demand\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/bright-mls-and-t3-sixty-launch-home-demand-index-to-provide-real-time-insight-into-homebuyer-demand\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-16T17:03:10+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE5MTEwMiM0MDY2OTk0IzUwMDA0ODE5Mg==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bright-mls-and-t3-sixty-launch-home-demand-index-to-provide-real-time-insight-into-homebuyer-demand\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bright-mls-and-t3-sixty-launch-home-demand-index-to-provide-real-time-insight-into-homebuyer-demand\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Bright MLS and T3 Sixty Launch Home Demand Index to Provide Real-Time Insight Into Homebuyer Demand","datePublished":"2021-03-16T17:03:10+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bright-mls-and-t3-sixty-launch-home-demand-index-to-provide-real-time-insight-into-homebuyer-demand\/"},"wordCount":693,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bright-mls-and-t3-sixty-launch-home-demand-index-to-provide-real-time-insight-into-homebuyer-demand\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE5MTEwMiM0MDY2OTk0IzUwMDA0ODE5Mg==","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bright-mls-and-t3-sixty-launch-home-demand-index-to-provide-real-time-insight-into-homebuyer-demand\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/bright-mls-and-t3-sixty-launch-home-demand-index-to-provide-real-time-insight-into-homebuyer-demand\/","name":"Bright MLS and T3 Sixty Launch Home Demand Index to Provide Real-Time Insight Into Homebuyer Demand - 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