Author Archives: Ben Verde

Pending home sales fall to lowest level since 2015, new data shows

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Pending home sales dropped 32 percent annually during the four-week period ending Jan. 1, with the biggest drop-offs recorded in markets that took off during the pandemic, according to Redfin. Continue reading →

Compass seeks to sublease NYC headquarters in belt-tightening play

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The New York-based brokerage is shopping around 89,000 square feet of office space at 90 Fifth Ave. in Manhattan as it looks for ways to stem its losses, which clocked in at $154 million in 3Q22. Continue reading →

Remote work will eventually make homebuying more affordable: Study

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While remote work helped drive up housing prices during the pandemic, a new study from the Economic Innovation Group argues remote work may help housing affordability in the future. Continue reading →

Anthony Lamacchia to agents: Get back to knowing what you’re doing

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In the lead-up to Inman Connect New York, the owner and CEO of Lamacchia Realty and Lamacchia Property Management said new agents need to take what’s happening very seriously. Continue reading →

Home prices fall again as real estate analysts eye a ‘correction’ in 2023

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National home prices tallied a 0.5 percent monthly decrease between September and October, according to data released Tuesday by real estate analytics provider CoreLogic. Continue reading →

2022 by the numbers: The dirty data that drove a weird year in real estate

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To better illustrate how capricious the real estate industry was in 2022, Inman searched high and low for rogue data points that drove the housing market and best reflected this year’s wild tumble. Continue reading →

New-home sales continue modest rise — but market ‘lull’ lies ahead

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New-home sales rose 5.8 percent to a seasonally adjusted rate of 640,000, according to data released Friday by the U.S. Census Bureau and Department of Housing and Urban Development. Continue reading →