Author Archives: Taylor Anderson

Slowdown in apartment rent expected to continue, CoStar says

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Rent dropped for a fourth straight month in November, with all but six of the nation’s top 40 markets reporting flat or declining month-over-month rent. Continue reading →

Opendoor CEO and president out as iBuyer shakes up exec team

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Weeks after it reported losing nearly $1 billion in the third quarter, the leading iBuying company shook up its top executives. Founder Eric Wu was replaced as CEO by CFO Carrie Wheeler, and President Andrew Low Ah Kee has resigned. Continue reading →

Airbnb partners with building owners to let renters act as hosts

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Tenants can become short-term rental hosts for as much as half of the year under a new approach that connects renters with buildings that allow Airbnbs. Continue reading →

Investor activity plunged at rates similar to the Great Recession in Q3

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The slowdown was most dramatic in COVID boomtowns like Las Vegas and Phoenix, according to a new analysis released Tuesday by Redfin, which examined real estate investment activity in 40 metros. Continue reading →

How much has rent risen? About an extra 6 hours of work per month

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A new Zillow report finds renters making average wages need to work 63 hours to cover rent compared to two years ago, highlighting a widening gap between rent growth and wage growth. Continue reading →

Mortgage rates dropped faster this week than at any time in 40 years

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The fall from 7.08 percent to 6.6 percent would save buyers approximately $100 a month on a median priced home, according to a report released Thursday from Redfin. Continue reading →

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 →