Rent growth back on track, hits an all-time high nationwide in July

Despite recent slowdown in rent hikes, the price to rent a one-bedroom apartment set an all-time record of $1,450 per month in July, according to data from Zumper released Tuesday. Continue reading

Tenants in rent-controlled California face 10% hike next month

A 2019 law seeks to prevent rent from climbing too much too fast, but prices are set to grow by 10 percent thanks in part to rampant inflation. Continue reading

The Agency partners with luxe ‘innovative’ company Sonhaus

The fractional homeownership company currently has homes throughout Greece, Portugal and Spain. The Agency will exclusively lead Sonhaus’ expansion into the U.S., Mexico and Canada. Continue reading

Obama’s former spokesman Jay Carney becomes Airbnb exec

Former White House Press Secretary leaves Amazon to become head of global communications and policy for the short-term rental powerhouse. Continue reading

Over 1,000 tenants could lose homes over landlord’s unpaid water bill

Tenants in four Indianapolis low-income apartment buildings thought their rent covered utilities. They’ll lose water and potentially homes if their landlord doesn’t pay a $1.7 million bill by October. Continue reading

Airbnb co-founder stepping away from his role to pursue new ventures

Joe Gebbia, who helped build Airbnb into a national household name, says his first focus is parenthood. He plans to remain involved with Airbnb as a board member, shareholder and advisor. Continue reading

Pacaso heads back to the Rockies with latest co-living opportunity

Shares from 1/2 to 1/8 of a four-bedroom, five-bathroom townhome in the Barn Village community are now available, according to a company statement. Continue reading

Multifamily sector lone bright spot as permits, starts, completions fall

New residential construction dipped in June, with building permits, housing starts and housing completions ticking down modestly, according to U.S. Census Bureau data released Tuesday. Continue reading

The run-up of single-family rental prices paused in May: report

The jump in May was still well above the historical average, but it was the first time in 14 months that it hadn’t accelerated over the month before. Continue reading

After a decade of declines, foreclosure activity is on the rise

Many loans would have been foreclosed if not for federal government protections enacted during the early days of the COVID-19 pandemic, according to a new report from Attom Data Solutions. Continue reading