Rent dropped last month at one of the biggest rates in over a decade

Aside from the onset of the COVID-19 pandemic, the month-over-month decline was the biggest drop in rent prices since 2010. Rent remains up 7.6 percent year over year, but the market is softening. Continue reading

Compass agrees to waive broker fees for NYC Section 8 renters

Compass must waive broker fees for the first 25 Section 8 renters who lease a property through the brokerage, said New York’s Attorney General, as part of the new terms to an April housing discrimination settlement. Continue reading

After 2 years of hikes, rental market may be bound for ‘complete reversal’

Yet another sign of a widespread housing slowdown emerged as monthly rent price acceleration declined after 20 consecutive months of rapid increases, new data suggests. Continue reading

Housing is cooling. In some places, rents have yet to get the memo

In more than half of America’s largest cities, rents continue to post double-digit annual growth. And in some cases, they’re speeding up, according to Zumper’s most recent report. Continue reading

Tech spotlight: The Corcoran Group’s rental tech tools

Over the last few years, the company created a robust set of tools to help agents and consumers navigate the rental market. Recently expanding its offerings, here are some of the key features. Continue reading

Realty One Group’s rental agents add RentSpree to tech stack

RentSpree’s property technology allows agents to support landlord clients and begin to build relationships with tenants as they begin their journey towards homeownership. Continue reading

Revolution RE to use $3M in VC to empower landlord business data

The data aggregation and workflow automation company Revolution RE received a relatively modest monetary injection of $3 million. Continue reading

Agent’s selfie at packed open house captures NYC rental market chaos

A video posted this month portrays the insanity of renting an apartment in New York right now, with tenants paying so-called “cuck money” and reports of more Airbnbs in the city than rentals. Continue reading

Pending home sales take a hit in September: NAR

Slowed contract signings in September are a likely sign that home price growth will soon come back down to earth, NAR Chief Economist Lawrence Yun said. Continue reading

Rent growth catching up to home price increases in major cities

In 2021, East Coast rents made steady gains while West Coast rents remained stilted — until recently, a new report released Tuesday from Zumper reveals. Continue reading