Airbnb notches first profitable full year as demand surges, rates fall

The short-term rental platform posted $1.9 billion in profits and $8.4 billion in revenue in 2022, a 40 percent surge from a year earlier, according to executives during a full-year and 4Q earnings call Tuesday afternoon. Continue reading

Three years into COVID, landlords grapple with what to do about rent

Leniency or government protections often kept rent below market rate and prevented evictions. Three years into the pandemic, property managers are deciding how to move forward. Continue reading

Presale renovator Revive acquires HomePrep as it eyes the East Coast

Revive has acquired HomePrep outside of Washington, D.C. in a continued nationwide expansion, executives told Inman exclusively. The company adds value with no up-front costs to homesellers. Continue reading

News Corp will slash 1,250 jobs following rough real estate earnings

Move Inc. revenue fell $23 million in Q4, due to a drop in home sales and referral revenue, according to earnings on Thursday. The company confirmed it was in talks with CoStar about a potential sale. Continue reading

Christie’s affiliate to continue East Coast expansion with Boston office

LandVest Christie’s International Real Estate announced on Wednesday that it would open a “flagship” office in Boston’s Back Bay neighborhood. Continue reading

M. Ryan Gorman dishes on his second act, post-Coldwell Banker

The former Coldwell Banker CEO spoke with Inman about his development firm btcRE, which aims to “be the change” he wants to see in real estate. “What’s old is new again,” he told Inman. Continue reading

M. Ryan Gorman breaks silence on Coldwell Banker ‘termination’

In a Medium post published on Thursday, Gorman promised to lead by example with a shift into affordable housing projects while revealing new details about his departure from Coldwell. Continue reading

Berkshire Hathaway HomeServices unveils updated branding

The company refreshes its brand identity for the main franchise and luxury brands ahead of its 10th anniversary. The new look will roll out through a phased approach starting this week, the company said. Continue reading

What happened with power buying in 2022? Let’s look at the numbers

The market went south, but consumers’ appetite for power buying didn’t, according to a new report from real estate marketplace zavvie. Continue reading