Mapping out 253 cities with quarterly declines in home value

Where are home prices falling? Let’s map out the 253 cities that saw quarterly declines in the final three months of 2022. But there are indications that this isn’t a repeat of the 2008 crash. Continue reading

M. Ryan Gorman dishes on his second act, post-Coldwell Banker

The former Coldwell Banker CEO spoke with Inman about his development firm btcRE, which aims to “be the change” he wants to see in real estate. “What’s old is new again,” he told Inman. Continue reading

Tiny-home startup’s production delays raise investor eyebrows

Tiny-homebuilding startup Boxabl has received $140 million in funding since its founding in 2017 and now has a waiting list of 160,000 tiny-home orders. How long will investors wait for homes to be delivered? Continue reading

Minimum wage workers need at least 4 jobs to pay rent in some cities

Even the most expensive cities — which typically have higher minimum wages — are more affordable than those with $7.25 an hour minimums, according to data released Tuesday by Zillow. Continue reading

Alpaca partner Ryan Freedman is on hunt for real estate disruptors

“Reducing friction was yesterday’s play,” Alpaca VC general partner Ryan Freedman told Inman in a wide-ranging interview. He stressed the need for a full suite of industry services. Continue reading

RealPage hit with second class-action suit alleging rent price fixing

Tenants in Florida claim the company oversaw a “cartel” that unfairly drove up the cost of rent in markets across the Sunshine State. The claim comes on the heels of a similar suit in California. Continue reading

In reversal from 2021, it costs more to buy than rent in 95% of US

Last year, it was more expensive to rent than own. High home prices and mortgage rates that doubled in 2022 changed that, according to a new report from property data firm Attom. Continue reading

Opendoor in 2023: The iBuying king and a business model in turmoil

Opendoor faces a fight for survival after “an abrupt strategy pivot” sent Opendoor into 2023 “without a proven business model.” Here are the five biggest challenges facing the king of a troubled business model. Continue reading

Rent growth slows to smallest rate since July 2021

While the 4.8 percent growth was still above historical norms, it’s the smallest increase since June 2021. Median asking rent in the nation’s 50 largest markets climbed to $1,979 last month. Continue reading