Author Archives: Taylor Anderson

Investor activity slows, still makes up 1 in 4 homes sold in US

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New data from John Burns and Redfin shows that investor activity slowed toward the end of 2022 but still accounted for about a quarter of home sales. That’s up from about 11 percent in 2001. Continue reading →

After clamp down in Park City, Pacaso gets a big reprieve in Utah

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A bill moving swiftly through Utah’s Legislature would prevent cities and counties in the state from placing restrictions on co-owned homes. The reversal is a big win for Pacaso and its rivals. Continue reading →

Rupert Murdoch drops $30M on full-floor pad, Central Park views

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Murdoch, the News Corp founder and business magnate, has signed a contract to buy the entire 27th floor of the Hampshire House in Manhattan. It’s only his latest purchase in recent years. Continue reading →

Matterport Q4 revenue grows to $41.1M in test of value in a downturn

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Matterport earned $136.1 million in 2022, which wasn’t enough to offset $26.5 million in losses for the final three months of 2022 and $116.6 million for the year, according to the company’s latest earnings release on Wednesday. That was more than doub… Continue reading →

A reason for the luxury slowdown? We may be in a ‘richcession’

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Luxury home sales slowed faster than lower-priced homes. Crypto, tech stocks and proptech values plummeted. Is the slowdown impacting wealthy buyers more? Continue reading →

Compass team in New York departs to start joint venture with Side

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Charlie Homet and John Brandon launched a boutique brokerage called Archpoint Advisory Partners in partnership with Side, focusing on properties in Brooklyn and downtown Manhattan. Continue reading →

Ex-rivals Opendoor and Zillow debut new partnership in Atlanta, Raleigh

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Homeowners in Raleigh and Atlanta can ask for a cash offer from Opendoor and get an estimate from Zillow about what their home might sell for on the open market. Continue reading →

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

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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 →