Patriots owner Robert Kraft inks record Palm Beach penthouse sale
The $23.75M sale marks the most expensive condo ever sold in Palm Beach, surpassing previous records in the high teens, according to appraisal firm Miller Samuel and property records
Real estate investing in 2022: Where is the roller coaster headed?
‘It’s like that roller coaster where it’s going up and up and up and up. You don’t know what’s going to happen when you get to the top.’ Many investors had a pleasant ride in 2022. But the ride might come to an end.
by Taylor Anderson Dec 27
Why 'mastering the mundane' is essential in multifamily real estate
Satisfying renters is the North Star in the multifamily sector. That is the mundane matter that must be mastered
by Michael Zaransky Dec 27
Single-family rent declines for sixth-consecutive month in October
Year-over-year rent growth dropped to the lowest level June 2021, but remained 3 times higher than the historical average before the onset of COVID-19, according to data Tuesday by CoreLogic
by Taylor Anderson Dec 20
In a bid for transparency, Airbnb now displays price with fees
Travelers are now able to see the true cost of a booking, cleaning fees and all. More upcoming changes seek to control what hosts can require their guests to do at checkout
by Taylor Anderson Dec 14
Housing is so rough, even this Congressman can't score a home
Congressman-elect Maxwell Frost of Florida said he wrecked his credit when he quit his job to run a campaign full-time. Now he's having a hard time finding a place to live
by Taylor Anderson Dec 14
Rent keeps falling. Here are the cities where it’s falling fastest
14 major metro areas reported year-over-year declines in the median cost to rent an apartment, according to Redfin. It's only the latest sign of widespread slowdown in rent
by Taylor Anderson Dec 13
The pandemic party for short-term rental investors is ending
It may not be an ‘Airbnbust,’ but homeowners who rent their properties on platforms like Airbnb and Vrbo stand to see occupancy rates fall and revenue slow in 2023, according to AirDNA
by Taylor Anderson Dec 13
Proptechs, polish your pitch decks: Fifth Wall closes record $866M fund
Venture capital firm Fifth Wall Ventures' fund, the largest ever to focus on real estate technology, will back early- and late-stage proptech companies, including some home renovation innovators
by Craig C. Rowe Dec 13
As investors eye deals on rentals, Lennar offers thousands of homes
The nation’s second-biggest homebuilder is marketing thousands of homes at a time when investors are looking for deals on rental properties, according to a new report
by Taylor Anderson Dec 12
RentSpree, C.A.R. to offer rental management courses for agents
RentSpree and the California Association of Realtors — the state's largest real estate trade group — are set to offer 3 classes to agents interested in earning a certificate in rental management
by Craig C. Rowe Dec 9
Slowdown in apartment rent expected to continue, CoStar says
Rent dropped for a fourth straight month in November, with all but 6 of the nation's top 40 markets reporting flat or declining month-over-month rent
by Taylor Anderson Dec 5
Opendoor CEO and president out as iBuyer shakes up executive team
Weeks after it reported losing nearly $1B in Q3, leading iBuying company shook things up as founder Eric Wu was replaced as CEO by CFO Carrie Wheeler, and the president has resigned
by Taylor Anderson Dec 1
Airbnb partners with building owners to let renters act as hosts
Tenants can become short-term rental hosts for as much as half of the year under a new approach that connects renters with buildings that allow Airbnbs
by Taylor Anderson Nov 30
It now costs $888 more to buy a home than to rent one: Report
The gap between buying a home and renting one has widened since 2020, 'The Wall Street Journal' reports. It now costs $3,058 a month to buy an entry-level home
by Taylor Anderson Nov 29