Luxury short-term rental unicorn Sonder in merger talks with SPAC

Luxury short-term rental startup Sonder is in talks to merge with blank-check company Gores Metropoulos II Inc. The deal would value the combined company at more than $2.5 billion. Continue reading

Los Angeles developer Rick Caruso to accept bitcoin as rent

Billionaire Rick Caruso plans to roll out a variety of cryptocurrency programs for consumers, including a customer reward option as well as the ability to pay rent with bitcoin. Continue reading

California siblings ensnared in $6M residential sales scam

Adolfo Schoneke, 43, and Bianca Gonzalez, 38, are accused of running a multimillion-dollar listing scam that even included tricking homeowners into allowing home showings. Continue reading

RentSpree expands MLS Partnership Program

The company is launching partnerships with several new multiple listing services across the country and will extend its integrated MLS services to about 140,000 additional agents. Continue reading

Vacasa wraps up acquisition of major rental rival Turnkey

First announced in early March, the acquisition of TurnKey Vacation Rentals will add approximately 6,000 units to Vacasa’s ever-growing portfolio. Continue reading

Rents rise in suburban and rural areas, remain flat in urban centers

Recent data from Zumper shows that suburban and rural rents grew 5 to 7 percent more than urban rents over the last year. However, some secondary cities that thrived during the pandemic are now starting to see rent declines Continue reading

CDC extends national eviction moratorium to June 30

The Centers for Disease Control and Prevention said the extension is in the best interest of the public’s health as coronavirus cases are on the uptick. Continue reading

America’s hottest neighborhoods: Oak Park in Sacramento, California

Oak Park is well located, filled with trendy shops and more affordable than many other amenity-rich neighborhoods in California. Continue reading

Airbnb now has more listings than before the pandemic

Small towns, rural areas and resort-oriented communities have proven to be the most resilient markets for short-term rental supply during the COVID-driven tumult of the last year. Continue reading

The magic of Disney spurs surge in Orange County Airbnb bookings

Airbnb bookings in the area surrounding Disneyland saw a boost on March 9th when the company hinted it could reopen the resort soon. Then when they made the announcement official on March 17th, bookings soared 73 percent. Continue reading