Author Archives: Ben Verde

Lumber prices reach lowest 2022 level. But DIY projects already DOA

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The price of lumber dropped to $829 per thousand board feet on Tuesday, a 39 percent drop from just a month earlier. It’s still nearly double the pre-COVID rate. Continue reading →

Driven out by high costs, Americans are still relocating at a record pace

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A record 32.3% of Redfin.com users nationwide sought to move to a new metropolitan area during the first quarter of 2021 as housing prices and mortgage rates continue to climb. Continue reading →

Agent to athletes trades Compass sports division for Douglas Elliman

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Denver Bright, known for representing celebrity clients including a few Miami pro athletes, will return as a member of the Sports and Entertainment Division on the Senada Adzem Team. Continue reading →

It looks like the pandemic vacation-home boom is coming to an end

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Demand for vacation homes dropped sharply in March — the second straight month a decline was recorded as mortgages ramped up above 5 percent, according to a new analysis by Redfin. Continue reading →

RE/MAX’s Ige Johnson walked into a tanning salon. The rest is history

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The broker-owner of the Ige Johnson Group at RE/MAX dished on breaking into luxury, the red-hot Houston market and her bustling Beauty Bar business ahead of Inman Connect New York. Continue reading →

Affordability, debt biggest obstacles to homeownership, renters lament

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Thirty-two percent of renters surveyed in a poll conducted by Redfin say they rent because they can’t afford to buy a home, while 45 percent said debt was the main factor keeping them from homeownership. Continue reading →

Affordability slips in Q1 as prices, mortgage rates continue to climb

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The median price for a single-family home was more expensive than historical averages in 79 percent of counties nationwide — a jump from 1Q21 when only 38 percent of counties saw prices exceed historical averages, according to data released Thursday by… Continue reading →

Nonwhite renters saddled with higher security deposits, study says

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Renters of color pay security deposits more often than white renters, and deposits they pay are typically $150 more than those paid by white renters, according to an analysis by Zillow. Continue reading →

Reports of ‘Great Migration’ may be greatly exaggerated, new study says

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Most homebuyers considering a move are looking to relocate relatively close to their current home, according to new data released Thursday from proptech company OJO Labs. Continue reading →