Did the US dodge a recession? As outlook softens, analysts reassess

A rising tide of economists are backing away from early forecasts that the U.S. is very likely to enter a recession later this year or by the first quarter of 2024. But some still see dark clouds ahead. Continue reading

Airbnb profit jumps 72% as more homes are rented out short term

Revenue for the company grew to $2.5 billion in the second quarter buoyed by a growth in demand that was surpassed by a growth in supply, according to an earnings report released Thursday. Continue reading

Foreign buyers target high-end homes as transactions fall 14%

The average price of homes sold to foreign buyers was $639,900, the National Association of Realtors said. The median price was $396,400. Both numbers are record highs. Continue reading

A doctor inherited a vacant lot. The home he found there shocked him

Daniel Kenigsberg alleges a series of fraudulent documents led to his land being stolen last fall before contractors built a single-family house on his half-acre of land in Connecticut. Continue reading

Fractional investing platform CEO out after investors lose $63M

CrowdStreet CEO Tore Steen ousted after $63 million from investors went missing in a deal a fiduciary said had “red flags that are indicators of fraud,” according to reports. Continue reading

He grew up in a rental. Now he owns thousands. Here’s his playbook

Tawan Davis started the Steinbridge Group in 2016. Today it boasts $500 million in active investments, a number that could triple by 2025, he tells Inman. Here’s how he’s thriving amid uncertainty. Continue reading

Redfin adds new tool that shows home’s risk of damaging winds

Nearly half the people who moved within the U.S. in the past year believe they’ll be impacted by climate change in the next decade, according to a survey the company conducted in the spring. Continue reading

Fed sending US into a ‘category 5 hurricane,’ Barry Sternlicht says

Starwood Capital Group Chairman and billionaire real estate investor Barry Sternlicht claims Fed inaction has all but ensured a recession is on the way. “Nobody wants to sell anything today,” he said. Continue reading