Millennials and Gen Z have a plan for buying homes: Scratch and win

A majority of those born between 1981 and 2013 believe they’d need to win the lottery to be able to afford a home in the U.S., according to a new study by Zillow. Continue reading

Opendoor lays off 22% of its workforce in latest round of cuts

In total, the company cut 560 positions, according to a statement Opendoor provided to Inman. The cuts, which were announced internally Tuesday morning, primarily focused on operations roles. Continue reading

Tenants in jeopardy as rent hikes outpace value of rental vouchers

No metro in the U.S. held enough vouchers to meet soaring demand, with Miami and other cities in Florida standing out for disparities between available vouchers and renters who need them. Continue reading

As iBuyers struggle, agents rethink relationships with cash-offer kings

IBuyers like Opendoor and Offerpad once appeared poised to be an essential player in the nation’s biggest housing markets. Now, real estate agents say their role has diminished dramatically. Continue reading

Gen Z’s priorities lie with pets not partners in home searches: Survey

Many Gen Zers would put their pets’ needs ahead of their children’s or partners’ needs if they were to buy a home, according to a survey from Zillow. Continue reading

‘Survive till 2025’: New supply, low demand signal rental ‘sh#tstorm’

Markets across the country are now facing a possibility of rent falling year over year amid a negative outlook for apartments and commercial real estate broadly, experts told Inman. Continue reading

7 new markets can use Listing Media Services

ShowingTime+ has again broadened the availability of its agent-focused Listing Media Services in Austin, Philadelphia, Indianapolis, Minneapolis, Las Vegas, Sacramento and Sarasota. Continue reading

Zillow unveils affordability tool that prioritizes buyers’ monthly budget

Announced on Monday, the new filter enables users to search for homes within a range of monthly mortgage payment prices that fit their budget, instead of just listing prices. Continue reading

The chatbot revolution has begun. Here’s what agents need to know

Tools such as ChatGPT and Bard are brand new but already revolutionizing online content and the real estate industry. Scroll through Inman’s latest handbook to get the lowdown. Continue reading

Renters of color spend 43% more on initial rental costs

Zillow’s latest market report reveals Black, Latinx and Asian American Pacific Islander renters spent $15 more per application than their white counterparts. Renters of color also face higher denial rates, with the typical Black and Latinx renter apply… Continue reading