Short-term rental market balancing out after rush of supply

“Our expectation is that demand will grow at 5.7 percent for the year, about a quarter of the growth rate in 2022,” AirDNA says in its 2022 mid-year outlook. Continue reading

Q2: Multifamily rent slows in latest sign of rental market cooldown

Current CoStar report finds ‘a continued downward trend in rent growth,’ as vacancy rates tick upward and rent price growth cools. The Sun Belt and South continue to see the fastest growth. Continue reading

Matterport continues its expansion by acquiring VHT Studios

Company says purchase will help it “expand further into the real estate industry,” as it specializes in providing brokers and agents with high-quality photography and other marketing services. Continue reading

New York’s priciest listing, once asking $169M, returns to market

The Alexander Team takes over after SERHANT. listed the 8,255-square-foot penthouse last year. Now, the Alexander Team is in search of a “true collector” to determine the value of the home. Continue reading

Better hires new head of sales and VP of marketing

The company continues its quest to go public despite turmoil in the market. New executives are a mix of recent hires and internal promotions. Continue reading

Airbnb makes changes to summer release after hosts complain

Some short-term rental investors saw the power shift from hosts to guests while others feared Airbnb’s major update took away their competitive advantage. Continue reading

Tim Heyl lays out the 3 key issues Power Buyers should focus on today

Power buyers became synonymous with cash offers during the first two years of the COVID housing market. Homeward’s CEO shares what’s next for the sector ahead of Inman Connect Las Vegas. Continue reading

Better parts ways with second head of real estate in 4 months

The embattled mortgage company confirmed it had let go of Chad Walker shortly after 3 other executives have recently departed. Nick Taylor will replace Walker as head of the division. Continue reading

Congress targets investors and asks: ‘Where have all the houses gone?’

Committee takes up the growing reach of institutional investors at a hearing this week. The biggest companies now own more than 280,000 single-family homes to rent. Continue reading

RentSpree calls on MLSs to include rentals, saying it would help agents

The company says the action would minimize delays for renters, increase efficiency of filling rentals, help agents earn commissions and build their pipelines and generally standardize the rental process over time. Continue reading