Newport Beach officially calls Pacaso a dirty word: ‘Timeshare’

The California coastal town of 85,000 voted unanimously to relegate co-owned homes — like those sold by Pacaso and Ember — to areas that typically don’t have luxury homes in them. Continue reading

Airbnb posts first profitable Q1 as revenue climbs to $1.8B

The short-term rental platform has doubled in size since the start of the pandemic as the number of rentable homes increased by 18 percent from last year, according to earnings data released Tuesday. Continue reading

What can landlords look for when screening tenants for a rental?

An ineffective screening process can fail to block a potential threat to an investment property, experts told Inman. Here’s a few more screening tips landlords might want to consider. Continue reading

WATCH: UWM CEO Mat Ishbia gets shoved by 7-footer at NBA game

Ishbia, majority owner of the Phoenix Suns, was knocked over by Nuggets’ star Nikola Jokic in a play that headed his way, for which he was given a technical foul. Continue reading

Vrbo parent Expedia Group posts Q1 revenue gains as losses widen

Despite reporting its highest-ever first-quarter revenue, Vrbo parent Expedia Group reported losing $145 million in the first three months of the year, according to an earnings call on Thursday afternoon. Continue reading

Market slowdown is ‘chipping away’ at homeowner wealth: Attom

The share of homes that were worth at least 50 percent more than their mortgage fell for the second straight quarter. Still, there are few homes facing foreclosure, according to the latest report from Attom. Continue reading

What should landlords do — or not do — when tenants are late on rent?

Should investment property owners be lenient with overdue rent payments? When should landlords start the eviction process? Experts share tips on how to deal with delinquent tenants. Continue reading

What agents need to know as the complex mortgage fee hike kicks in

Loan-level pricing adjustments — a fee on mortgages — led to widespread misinformation leading up to the May 1 hike. Inman spoke to experts about what the changes mean for homeowners. Continue reading