Airbnb earned $11.1B in 2024 as users spent $82B on the platform

Airbnb said it would spend over $200 million on unspecified investments this year as it looks to continue its post-pandemic boom. The company reported revenue has tripled since it went public in 2020. Continue reading

Median price up in 49% of Opportunity Zones: ATTOM

ATTOM released its 2024 report on sales activity in Opportunity Zones around the country, finding it tracks closely to typical markets. Continue reading

$32M Beverly Hills property hits the market, but it’s just a basement

If completed as designed, the Beverly Hills estate will feature five bedrooms and eight bathrooms. Open-concept indoor-outdoor living spaces, a wellness center with a spa and indoor pool, and an entertainment basement with a home theater and private lo… Continue reading

Homebuyers gain leverage as sellers cut prices: Zillow

Prospective homebuyers have a better shot at securing a dream home as sellers continue to lower listing prices, according to a recent analysis by Zillow. Despite persistently high mortgage rates, buyers are capitalizing on these price reductions to neg… Continue reading

Mortgage rates climbing again on hot CPI report, Powell testimony

Trump calls for lower interest rates after release of January CPI report. Powell says Fed is in no hurry to cut rates, and bond market investors who fund mortgages are taking him at his word. Continue reading

Trump wants Greenland. The Danes say they’ll trade it for California

As President Trump ups the ante on his plan to force Denmark into selling Greenland, the Danes are pushing back with a satirical offer to purchase California. Continue reading

Zillow eyes rental dominance as segment revenue grows 25% in Q4

Zillow’s Q4 revenues rose 17 percent annually to $544 million while its rental segment generated $116 million, according to an earnings release Tuesday that included news of a rental partnership with Redfin. Continue reading

DOGE cost-cutting exposes risk to cities with federal office space

Impact on certain markets may be “profound,” attorneys warn, as federal agencies look to cut the size of their real estate footprint by as much as 50 percent under the Trump administration. Continue reading

Housing market challenges aren’t over yet, Barbara Corcoran warns

Mortgage rates have inched downward, with the 30-year fixed rate falling down “by a fraction of a point to 6.96 percent,” Corcoran said, representing the lowest rate in six weeks. The 15-fixed loan rate was 6.21 percent as of Thursday. However, Corcora… Continue reading

Vacant, foreign-owned homes draw criticism in LA post-wildfires

Wildfire victims and other residents are wondering what good vacant properties owned by individuals who live thousands of miles away serve while so many struggle to find temporary and permanent housing. Continue reading