Annual rent growth slows for 2nd straight month in July, report says

Redfin said it expects rental growth to continue to slow, but markets with strong job growth and limited new housing construction will likely continue to experience large rent increases. Continue reading

Tribus hires former RE/MAX SVP as director of change management

Jen Barton will help the tech firm’s clients in the onboarding and implementation of their software systems, providing a human touch to a process that can be intimidating. Continue reading

Existing home sales drop for 6th straight month: ‘Not a recession’

“Inventory remains tight and prices continue to rise nationally with nearly 40% of homes still commanding the full list price,” said NAR’s Chief Economist Lawrence Yun. Continue reading

Forbes Global Properties finds new CEO in industry veteran

Michael Jalbert will focus on the continued expansion of Forbes Global Properties’ membership base, which has grown to include over 12,500 agents since launching in December 2020, the company said. Continue reading

Wife of ‘Million Dollar Listing’ star Matt Altman arrested

Johanna Altman, 40, was arrested and booked at Los Angeles Police Department Valley Jail in Van Nuys, California, at about 9:30 p.m. Aug. 4, for felony domestic violence, according to reports. Continue reading

Single family rent growth slows, but prices are still way above 2021 levels

Single-family rents in June clocked in at 13.4 percent above levels in June 2021, but growth has slowed modestly month over month, according to new CoreLogic data released Tuesday. Continue reading

Adam Neumann’s post-WeWork residential venture raises $350M

Flow, the WeWork founder’s fledging startup, has received an investment of approximately $350 million from venture capital firm Andreessen Horowitz and has already earned a $1 billion valuation. Continue reading

New listings drop 12%, the largest decline in more than 2 years

“Buyers are backing off due to rising housing costs and sellers are holding back because they realize they won’t get the bidding war they would have gotten six months ago,” said Redfin Deputy Chief Economist Taylor Marr. Continue reading