Author Archives: Taylor Anderson

Opendoor in 2023: The iBuying king and a business model in turmoil

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Opendoor faces a fight for survival after “an abrupt strategy pivot” sent Opendoor into 2023 “without a proven business model.” Here are the five biggest challenges facing the king of a troubled business model. Continue reading →

Mansion dubbed ‘The Invisible House’ hits market for $18M

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Chris and Roberta Hanley designed a 5,500-square-foot home with mirrored glass to reflect the surrounding 70 acres of desert landscape near Joshua Tree National Park. Continue reading →

Rent growth slows to smallest rate since July 2021

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While the 4.8 percent growth was still above historical norms, it’s the smallest increase since June 2021. Median asking rent in the nation’s 50 largest markets climbed to $1,979 last month. Continue reading →

Foreclosure activity doubled in 2022 but remains historically low

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While the nation continues moving away from the pandemic-era lows, it’s doing so very slowly and well below rates seen during the Great Recession. Continue reading →

Hines taps new CEOs for regions across North and South America

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Steve Luthman was picked to lead the Midwest, Southeast and Canada regions; and Syl Apps will head the South America region, the company announced on Wednesday. Continue reading →

Demand for apartments turns negative for first time since 2009

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A slowdown in new leases paired with higher inventory is expected to hike vacancies and put pressure on rents. “The balance of power in the rental market is rapidly shifting to renters.” Continue reading →

The ‘Great Reshuffling’ didn’t come to a halt in 2022, new data shows

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The number of moves slowed slightly from a record year in 2021 but remained at elevated levels nationwide, according to new data from the U.S. Census Bureau backed by internal metrics from U-Haul. Continue reading →

Home prices will soon post year-over-year declines: Report

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Home prices grew by 8.6 percent compared to a year before but fell by 0.2 percent month over month. By the second quarter, prices are expected to be lower than they were a year before, CoreLogic says. Continue reading →

Real estate investing in 2022: Where is the roller coaster headed?

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“It’s like that roller coaster where it’s going up and up and up and up. You don’t know what’s going to happen when you get to the top.” Many investors had a pleasant ride in 2022. But the ride might come to an end. Continue reading →