Author Archives: Ben Verde

Toronto listing that offers to share a queen-size bed raises eyebrows

By Ben Verde | November 21, 2023 - 6:18 pm |November 21, 2023 Uncategorized

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A listing posted to Facebook seeks an “easy going female” roommate and advertises half of a queen-size bed in a Toronto condo for $900 CAD per month. Continue reading →

Existing-home sales fall to 13-year low despite strong buyer demand

By Ben Verde | November 21, 2023 - 5:02 pm |November 21, 2023 Uncategorized

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Existing sales fell 4.1 percent in October to an annual rate of 3.79 million, the lowest since 2010, according to data from NAR. Nonetheless, multiple offers are still happening, economist Lawrence Yun said. Continue reading →

Rental concessions rise as new inventory comes online

By Ben Verde | November 20, 2023 - 6:08 pm |November 20, 2023 Uncategorized

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Thirty percent of rentals advertised on Zillow in October offered concessions of some sort, such as free parking or free months of rent. Continue reading →

Housing starts increased in October as builder sentiment fell

By Ben Verde | November 17, 2023 - 5:50 pm |November 17, 2023 Uncategorized

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Housing starts rose 1.9 percent from September to reach a seasonally adjusted annual rate of 1,372,000. Continue reading →

Builder sentiment falls again, but lower inflation a cause for optimism

By Ben Verde | November 16, 2023 - 7:44 pm |November 16, 2023 Uncategorized

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October saw builder confidence in the market for newly built single family homes fall six points to a measure of 34. Continue reading →

Seattle landlord stuck in van while tenant rents his home on Airbnb

By Ben Verde | November 14, 2023 - 7:04 pm |November 14, 2023 Uncategorized

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Jason Roth told Insider that after he rented out his home to Kareem Hunter, the tenant allegedly only paid part of the first month before illegally renting out other rooms in the house on Airbnb. Continue reading →

Inflation stays flat in October, but shelter costs continue to rise

By Ben Verde | November 14, 2023 - 5:17 pm |November 14, 2023 Uncategorized

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The index for shelter rose 0.3 percent between September and October and was up 6.7 percent year over year, according to CPI data released Tuesday.  Continue reading →

The 2023 homebuyer: Wealthier, older and less likely to be white

By Ben Verde | November 13, 2023 - 10:17 pm |November 13, 2023 Uncategorized

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The median household income of the typical United States homebuyer jumped 22 percent between 2022 and 2023. Continue reading →

EXp Realty CFO Jeff Whiteside announces departure

By Ben Verde | November 13, 2023 - 5:47 pm |November 13, 2023 Uncategorized

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Whiteside, who has been with the company for five years, will stay with eXp until Dec. 1 to aid in the transition. Continue reading →

Douglas Elliman posts mounting losses, declining revenue in Q3

By Ben Verde | November 8, 2023 - 3:09 pm |November 8, 2023 Uncategorized

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The New York-based brokerage reported consolidated revenues of $251.5 million in Q3, a drop from the third quarter of 2022 when it tallied $272.6 million in revenue, according to an earnings call Wednesday. Continue reading →