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

Housing is so rough, even this Congressman can’t score a home

Congressman-elect Maxwell Frost of Florida said he wrecked his credit when he quit his job to run a campaign full-time. Now he’s having a hard time finding a place to live. 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

Proptechs, polish your pitch decks: Fifth Wall closes record $866M fund

Venture capital firm Fifth Wall Ventures’ fund, the largest ever to focus on real estate technology, will back early- and late-stage proptech companies, including some home renovation innovators. 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

RentSpree, C.A.R. to offer rental management courses for agents

RentSpree and the California Association of Realtors — the state’s largest real estate trade group — are set to offer three classes to agents interested in earning a certificate in rental management. 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