US lawmakers demand DOJ probe into RealPage's YieldStar software
Lawmakers in both chambers of Congress have accused RealPage of anticompetitive practices. Calls for an inquiry come a month after a sweeping and critical report into the company
by Jim Dalrymple II Nov 22
Investor activity plunged at rates similar to the Great Recession in Q3
The slowdown was most dramatic in COVID boomtowns like Las Vegas and Phoenix, according to a new analysis Tuesday by Redfin, which examined real estate investment activity in 40 metros
by Taylor Anderson Nov 22
How much has rent risen? About an extra 6 hours of work per month
A new Zillow report finds renters making average wages need to work 63 hours to cover rent compared to 2 years ago, highlighting a widening gap between rent growth and wage growth
by Taylor Anderson Nov 21
Companies that make renter deposits easier announce merger
Rhino announces it will acquire Deposify to create the 'first end-to-end deposit management and compliance platform for the rental industry'
by Taylor Anderson Nov 17
JPMorgan is set to become America's next big landlord
Weeks after the banking giant unveiled a new property management system for rentals, JPMorgan announced it's investing in a $1B single-family built-for-rent venture
by Taylor Anderson Nov 17
Airbnb co-founder launches new backyard home venture, Samara
The startup from Airbnb co-founder Joe Gebbia began as an in-house project for Airbnb, but has spun off as an independent company with backing from the short-term rental platform
by Ben Verde Nov 15
Home flippers search for ‘creative deals’ as high rates cool the market
The fix-and-flip housing market continues to shrink as real estate investors struggle to find deals. High interest rates are to blame, according to a new John Burns Real Estate Consulting survey
by Taylor Anderson Nov 15
Single-family rent growth slows for fifth-straight month in September
Rent remained 10.2% above September 2021 levels and 22.6% compared to 2 years earlier, according to the single-family rent index from property data information company CoreLogic
by Taylor Anderson Nov 15
NAR chief economist expects price of office space and apartments to dip
Lawrence Yun expects employees to spend 25% to 35% less time in the office, keeping downward pressure on office rent. The multifamily sector also saw prices drop with high borrowing rates
by Taylor Anderson Nov 14
The pandemic unleashed a flood of office-to-residential conversions
New adaptive reuse apartments are growing at a faster rate than new construction apartments, jumping 25% over the past 2 years, compared to a 10% increase in newly constructed apartments
by Ben Verde Nov 8
Rent dropped last month at one of the biggest rates in over a decade
Aside from the onset of the COVID-19 pandemic, the month-over-month decline was the biggest drop in rent prices since 2010. Rent remains up 7.6% year over year, but the market is softening
by Taylor Anderson Nov 4
Vrbo bookings grew in Q3 amid surge in short-term rental demand
Traveler bookings rose 12.5%, to $1.8B, in the third quarter compared to the same period a year earlier, according to an earnings call by parent company Expedia Group on Thursday
by Taylor Anderson Nov 3
Rent develops program to help clients trend on TikTok
Rent describes the solution as turnkey, fully managed and a way to convert existing marketing content on the Rent network into dynamic, digital branding messages
by Craig C. Rowe Nov 2
Airbnb pledges to make prices more transparent following strong Q3
High average daily rates helped spike Airbnb profits during the third quarter. But the company is preparing to roll out changes to make its prices clear while fostering competition among hosts
by Taylor Anderson Nov 2
JPMorgan rolls out its own property management platform
Story, a property management platform aimed at helping landlords, managers and tenants, is the banking giant's attempt to put JPMorgan at the center of a $500B rental housing industry
by Taylor Anderson Nov 1
Fintech Stake rolls out program for landlords to help struggling tenants
Among other offerings, Stake1 is designed to track a tenant's financial activity with the intent of using on-time payments as a mechanism to improve credit rating
by Craig C. Rowe Nov 1