Rent is falling fastest in markets that added the most new supply

Rent is now 0.7 percent lower for one-bedroom rentals nationwide than it was a year ago, but not in all markets, new report shows. Continue reading

22 renters vie for each unit in America’s toughest rental market

Miami saw an average of 22 renters compete for every available apartment in 2023, compared to a national average of just nine, according to a new report released earlier this week from RentCafe. Continue reading

New data shows much of the US has entered the ‘renter’s market’

The Sun Belt leads the ongoing drop in rent declines, and the price of rent is now lower than a year ago in 50 of the top 100 markets Zumper tracks. Continue reading

ChatGPT plugin to empower Zumper search experience

Machine learning has been a component of Zumper’s overall solution for some time, but its ChatGPT use will enhance consumer-facing interactions primarily in terms of search, according to the company. Continue reading

Rental rewards company Stake names new president

Natalie Cariola joins Stake after serving as a C-level executive at Zumper for the past 6 years, the company exclusively told Inman. “I am excited to bring Stake’s win-win solution to communities and renters across the country.” Continue reading

Zumper launches dedicated vacation site, flex stays subscription

The launch comes seven months after the rental marketplace announced a $30 million funding round to help solidify its space in the short-term rental market and serve all types of renters. Continue reading

Proptech in 2022: Zillow rebounds, iBuyers stumble and MLSs grow up

Zillow bounced back after folding its iBuyer in 2021, multiple listing services finally caught up, enterprise solutions arrived and other signs property technology approached maturity in 2022. Continue reading