Author Archives: Ben Verde

Mortgage rates fall to 5.10% in biggest drop since 2020

By Ben Verde | May 26, 2022 - 3:01 pm |May 26, 2022 Uncategorized

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Rates on a 30-year mortgage dropped from 5.25 percent to 5.10 percent on Thursday, the most dramatic drop in rates since April 2020, according to Freddie Mac. Continue reading →

Home that inspired ‘The Conjuring’ sells for 27% above asking

By Ben Verde | May 25, 2022 - 4:10 pm |May 25, 2022 Uncategorized

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The home — which dates to approximately 1736 — conjured up a $1.525 million sale price after listing for just $1.2 million. The buyer was Jacqueline Nuñez, a real estate developer from Boston. Continue reading →

Hottest markets of 2022 revealed, and pricey suburbs lead the way

By Ben Verde | May 24, 2022 - 9:31 pm |May 24, 2022 Uncategorized

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New data from Zillow shows that the most popular housing markets of 2022 so far fall right in line with that trend, with the top 10 markets all pricey suburbs just outside a major city. Continue reading →

Agent’s selfie at packed open house captures NYC rental market chaos

By Ben Verde | May 24, 2022 - 5:43 pm |May 24, 2022 Uncategorized

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A video posted this month portrays the insanity of renting an apartment in New York right now, with tenants paying so-called “cuck money” and reports of more Airbnbs in the city than rentals. Continue reading →

$55M Billionaires’ Row sale among NYC’s priciest of 2022

By Ben Verde | May 23, 2022 - 6:46 pm |May 23, 2022 Uncategorized

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The sale of the 6,300-square-foot unit marks one of the biggest of the year in the New York luxury market. Continue reading →

‘Smurf’ house goes viral after blue roof gets moment in the spotlight

By Ben Verde | May 23, 2022 - 4:04 pm |May 23, 2022 Uncategorized

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The electric blue, shingled roof atop the Michigan mansion turned out to be its quirkiest feature. Continue reading →

Skyrocketing home prices diminish rental returns: Report

By Ben Verde | May 20, 2022 - 7:01 pm |May 20, 2022 Uncategorized

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The report found that three-quarters of counties where median home prices exceeded $250,000 saw declines in rental yields. Continue reading →

Adopting problem-solving tech as the market evolves

By Ben Verde | May 19, 2022 - 8:11 pm |May 19, 2022 Uncategorized

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Technology is at its most useful when it is solving problems and making experiences more user-friendly — a rule that applies to real estate tech. Continue reading →

Competition declines for second straight month, report finds

By Ben Verde | May 18, 2022 - 5:37 pm |May 18, 2022 Uncategorized

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The dip in competition can be attributed to the increase in mortgage rates, which reached 5.3 percent in May after starting March at just 3.76 percent. Continue reading →

Construction starts dip as mortgage rates surged in April

By Ben Verde | May 18, 2022 - 1:43 pm |May 18, 2022 Uncategorized

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The slowdown in construction activity comes as the average for a 30-year loan rose to 5.3 percent last week, up from 2.49 percent a year ago, according to new data released by the US Census Bureau on Wednesday. Continue reading →