Single-family rent declines for sixth-consecutive month in October

Year-over-year rent growth dropped to the lowest level June 2021, but remained three times higher than the historical average before the onset of COVID-19, according to data released Tuesday by CoreLogic. Continue reading

Rent keeps falling. Here are the cities where it’s falling fastest

Fourteen major metro areas reported year-over-year declines in the median cost to rent an apartment, according to Redfin. It’s only the latest sign of widespread slowdown in rent. Continue reading

The pandemic party for short-term rental investors is ending

It may not be an “Airbnbust,” but homeowners who rent their properties on platforms like Airbnb and Vrbo stand to see occupancy rates rise and revenue slow in 2023, according to AirDNA. Continue reading

As investors eye deals on rentals, Lennar offers thousands of homes

The nation’s second-biggest homebuilder is marketing thousands of homes at a time when investors are looking for deals on rental properties, according to a new report. Continue reading

New York City seeks to tighten control over Airbnbs

New rules would require homeowners and tenants who offer short-term rentals to register units with the city. Airbnb and hosts call the requirements overly restrictive. Continue reading

Slowdown in apartment rent expected to continue, CoStar says

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

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

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