13K NYC rent-stabilized units have been vacant since 2021: Study

NYC’s Independent Budget Office’s latest study found 13,362 rent-stabilized units have been empty for at least two years. They said it’s “impossible” to know if landlords are justifiably keeping them unrented. Continue reading

Redfin’s return to office shows unique stress for US office market

Experts expect U.S. companies to adjust remote work policies in the coming 6-12 months as the office market suffers. “Our cultures are different around work-life balance,” said CBRE’s Julie Whelan. Continue reading

Here are the top 5 tips for landlords to retain their best renters

Happy tenants increase the chances they’ll renew their leases while keeping investment properties occupied and cash flowing. Here’s how to do it. Continue reading

Xome partners with Plunk to deliver investment property data

Plunk’s repair and renovation analysis tools will serve investors who frequent Xome, which also markets nontraditional listings, such as auctions, foreclosures and other investor-minded assets. Continue reading

Real estate influencers allegedly scammed investors out of millions

A Florida-based couple running a real estate coaching and investment company is operating a scam that’s defrauding rookie investors, according to a handful of lawsuits filed in federal court. Continue reading

Housing starts inch up in July as builders scramble to meet demand

Housing starts increased 3.9 percent between June and July to a seasonally adjusted annual rate of 1.45 million units, according to data released Tuesday by the U.S. Census Bureau. Continue reading

Real estate investors believe the worst may be in the rear view

The outlook is mixed, but “it does look like prices may have bottomed out and are on their way back up,” said CJ Patrick Company CEO Rick Sharga. Continue reading

RentRedi acquires Payment Report and eRentPayment in buying spree

The 6-year-old digital property management firm scooped up the companies in a bid to boost digital payment workflows and aid tenants in credit building, according to an announcement this week. Continue reading

Roofstock founder: ‘Take the long view’ on single-family rentals

“We’re encouraging people to think beyond this point of the interest rate cycle,” Roofstock CEO Gary Beasley said at Inman Connect Las Vegas on Wednesday. Continue reading

RentSpree CEO talks about moving out of LA over high home prices

“I want our industry to look more at the rental market not as something that’s completely separate and distinct from the homebuying market,” Michael Lucarelli said Wednesday at Inman Connect Las Vegas. Continue reading