Consumer spending remained high while the broader economy slowed, growing just 1.1 percent in the first 3 months of 2023, according to data released Thursday by U.S. Bureau of Economic Analysis. Continue reading
“Some people will quit over this decision,” Redfin CEO Glenn Kelman told employees on Monday in an internal memo. “No one can say we haven’t made it deliberately.”
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Using Airbnb’s search categories and data around average daily rates, AirDNA has compiled a report showing the highest potential earning markets for short-term rental investors. Continue reading
Investor profits are falling, and the number of investors losing money reached the highest point since 2016, according to a new report from Redfin. Continue reading
A majority of those born between 1981 and 2013 believe they’d need to win the lottery to be able to afford a home in the U.S., according to a new study by Zillow. Continue reading
Strategic marketing consultant Chrissie Rivers shared five reasons property managers might use artificial intelligence for managing properties. Then we asked ChatGPT for management advice. Continue reading
A lawsuit says hundreds of real estate investors lost tens of thousands of dollars due to practices by the company, Build Realty. A judge ruled the case can move forward as a class-action lawsuit. Continue reading
The median asking rent in the U.S. fell to its lowest point in 13 months in March as the ongoing real estate slowdown continues hitting the rental market, according to a new report. Continue reading
Nationwide vacancy in office buildings is at 12.9 percent. Availability of space is at 16.4 percent. Both are record highs, according to a new report from CoStar. Continue reading
Markets across the country are now facing a possibility of rent falling year over year amid a negative outlook for apartments and commercial real estate broadly, experts told Inman. Continue reading