Rent growth slows to smallest rate since July 2021

While the 4.8 percent growth was still above historical norms, it’s the smallest increase since June 2021. Median asking rent in the nation’s 50 largest markets climbed to $1,979 last month. Continue reading

Glenn Kelman calls millennials ‘the roommate generation’

For years, real estate professionals have looked to millennials to push the housing market forward as previous generations slow their homebuying and homeselling activities. However, several obstacles — overwhelming student loan debt, stagnant wage grow… Continue reading

Is the housing market responsible for eXp’s lagging growth? The Real Word

This week, Byron Lazine and Nicole White are talking about the lagging growth at eXp, rising consumer confidence and the weekly media review Left, Middle, Right. Continue reading

This city will be the hottest market of 2023, Zillow predicts

Zillow named this North Carolina city as its hottest market of the year, continuing the trend of cities with relatively warm climates taking the top spot, following Tampa in 2022 and Austin in 2021. Continue reading

After a near 90% fall, analytics firm sees Opendoor shares rising to $6

A financial firm recently set a $6 price target for Opendoor stock. That price would be substantially higher than what shares are currently fetching. Continue reading

Brokerage executives predict falling profits, economic decline in 2023

Real estate leaders are pessimistic about the state of the economy, but nevertheless upbeat about their ability to take share in a chaotic market, according to a new survey from Delta Media Group. Continue reading

‘The gate is beginning to open’: Big inflation drop may aid homebuyers

The once-frantic pace of consumer price growth has been slowing for months, which may bode well for buyers’ budgets — and their financing, according to new data from the U.S. Bureau of Labor Statistics. Continue reading

Lessen gets bigger, acquires industry counterpart SMS Assist

Lessen, a company that builds software to support the business operations of single-family rental investors and multifamily landlords has acquired SMS Assist, a facilities maintenance technology company. Continue reading