You’d need to work 80 hours a week just to afford rent in this city

A new study by SmartAsset calculated the average annual take-home pay across 25 cities by using worker earnings after accounting for income taxes. Continue reading

Renters’ leases going up in smoke as legislators crack down on cigarettes

Low-income renters are being unjustly evicted as landlords fail to correctly implement HUD’s smoke-free policy, according to a Washington Post report. Continue reading

CoStar agrees to buy imperiled rental search firm RentPath for $588M

After failing to restructure $650 million in debt, RentPath has placed itself on the auction block with commercial real estate data behemoth CoStar Group as the front runner. Continue reading

Almost half of all homeowners will move in the next decade: report

Americans plan to move to more affordable places, for job opportunities and to be closer to their children, among other reasons. Continue reading

Vacasa founder stepping down, former OpenTable chief to serve as interim CEO

The vacation rental giant has appointed former OpenTable CEO Matt Roberts as interim chief executive while it searches for a new permanent leader. Continue reading

New York broker fee ban paused amid industry lawsuit

On Monday, a judge issued a temporary restraining order for a rule that would shift the burden of paying the fees from tenants to landlords. Continue reading

A new language for real estate, a new marketplace

My attempt to coin some terminology, add structure and provide clarity to the plethora of new real estate businesses. Continue reading

What you should understand about the NYC rental broker fee changes

Agents need to take their clients behind the headlines and explain how New York City’s change to brokers’ fees could hurt them. Continue reading

Brokerages, REBNY to sue New York state over brokers’ fee adjustment

The trade association confirmed it plans to file a lawsuit on Feb. 10 over new guidance that would have landlords in New York City pay brokers’ fees. Continue reading