Author Archives: Taylor Anderson

JPMorgan is set to become America’s next big landlord

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Weeks after the banking giant unveiled a new property management system for rentals, JPMorgan announced it’s investing in a $1 billion single-family built-for-rent venture. Continue reading →

‘Panicked’ sellers are turning to Opendoor later in the game: Exec

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Opendoor Director of Strategic Partnership William Holmes said at Connect Now on Thursday that sellers are increasingly requesting offers from the iBuyer after listings hit the market. Continue reading →

Home flippers search for ‘creative deals’ as high rates cool the market

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The fix-and-flip housing market continues to shrink as real estate investors struggle to find deals. High interest rates are to blame, according to a new John Burns Real Estate Consulting survey. Continue reading →

Single-family rent growth slows for fifth-straight month in September

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Rent remained 10.2 percent above September 2021 levels and 22.6 percent compared to two years earlier, according to the single-family rent index from property data information company CoreLogic. Continue reading →

NAR chief economist expects price of office space and apartments to dip

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NAR Chief Economist Lawrence Yun expects employees to spend 25% to 35% less time in the office, keeping downward pressure on office rent. The multifamily sector also saw prices drop with high borrowing rates. Continue reading →

Matterport posts Q3 revenue gains while narrowing its losses

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The virtual tour software company posted $38 million in revenue, up from $28.4 million in Q2, while avoiding headwinds that have ensnared others in the real estate space, according to earnings on Thursday. Continue reading →

Better.com laid off employees who were on parental leave: lawsuit

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Employee files suit in New York alleging the online mortgage company fired him less than an hour after he told them his daughter was born. More than a dozen others impacted, lawsuit says. Continue reading →

Rent dropped last month at one of the biggest rates in over a decade

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Aside from the onset of the COVID-19 pandemic, the month-over-month decline was the biggest drop in rent prices since 2010. Rent remains up 7.6 percent year over year, but the market is softening. Continue reading →

Vrbo bookings grew in Q3 amid surge in short-term rental demand

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Traveler bookings rose 12.5 percent, to $1.8 billion, in the third quarter compared to the same period a year earlier, according to an earnings call by parent company Expedia Group on Thursday. Continue reading →

Airbnb pledges to make prices more transparent following strong Q3

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High average daily rates helped spike Airbnb profits during the third quarter. But the company is preparing to roll out changes to make its prices clear, add competition among hosts. Continue reading →