‘Substantial doubt’ that WeWork can stay afloat, company says

By WeWork’s own admission, it is unlikely to last as a company much longer. In order to survive, an earnings report said it would need to reduce lease costs and other expenses, increase revenue and find a source of additional capital through debt or eq… Continue reading

Plunk unveils Plunk Pro for up-to-the-minute housing market data

Plunk Pro offers investors, advisors and analysts access to real-time information on the housing market, the AI-powered home valuation and analytics company announced Tuesday. Continue reading

Airbnb profit jumps 72% as more homes are rented out short term

Revenue for the company grew to $2.5 billion in the second quarter buoyed by a growth in demand that was surpassed by a growth in supply, according to an earnings report released Thursday. Continue reading

Foreign buyers target high-end homes as transactions fall 14%

The average price of homes sold to foreign buyers was $639,900, the National Association of Realtors said. The median price was $396,400. Both numbers are record highs. Continue reading

A doctor inherited a vacant lot. The home he found there shocked him

Daniel Kenigsberg alleges a series of fraudulent documents led to his land being stolen last fall before contractors built a single-family house on his half-acre of land in Connecticut. Continue reading

Fractional investing platform CEO out after investors lose $63M

CrowdStreet CEO Tore Steen ousted after $63 million from investors went missing in a deal a fiduciary said had “red flags that are indicators of fraud,” according to reports. Continue reading

Rental startup Piñata debuts new payments program

Piñata Pay lets tenants build credit and earn rewards, while also potentially streamlining the rent collection process for landlords. Continue reading

He grew up in a rental. Now he owns thousands. Here’s his playbook

Tawan Davis started the Steinbridge Group in 2016. Today it boasts $500 million in active investments, a number that could triple by 2025, he tells Inman. Here’s how he’s thriving amid uncertainty. Continue reading

Grant Cardone: These are the worst real estate markets to invest in now

After an interaction with an AI chatbot went south, Grant Cardone blasted Austin and Seattle as the worst places to invest in real estate right now given how overbuilt the markets have become in recent years. Continue reading