While banks pull out, investment funds double down on real estate
Multiple funds told Reuters they planned to increase their credit exposure to property as banks back off from commercial real estate
by Ben Verde May 15
Demand for vacation homes plummeted in 2023
United States homebuyers took out 90,772 mortgages for second homes in 2023 — 40% fewer than they did in 2022
by Ben Verde May 13
Multifamily developer sentiment slips during Q1
According to NAHB, multifamily developers are feeling less confident in the market for new builds as high interest rates lead to difficult lending conditions
by Ben Verde May 10
Grant Cardone makes return to television with 'Real Estate King'
The new series will follow Cardone as he evaluates real estate projects and decides whether or not to invest in them
by Ben Verde May 10
More US mortgages are 'seriously underwater' as equity dwindles
The share of seriously underwater mortgages moved up slightly from 2.6% to 2.7% in Q1, according to a report from Attom released Thursday
by Ben Verde May 9
Airbnb continues growth as Q1 profit more than doubles to $264M
Total revenue climbs 18% in the first quarter as Airbnb continued to add supply and benefit from a surge in bookings for events like the eclipse
by Taylor Anderson May 8
NYC rents grew 7 times faster than wages last year
The nation's biggest city saw the biggest gap emerge between the rates of wage growth and rent growth, according to a new report from Zillow
by Ben Verde May 7
Florida is king for short-term rental investors: Study
Tampa, Orlando, Jacksonville and Miami are the leading metros for short-term rental gains, according to Clever Real Estate's latest market analysis
by Marian McPherson May 7
3 ways to diversify your real estate investment portfolio
Whether it’s REITs, international markets, self-storage or residential rentals, Victoria Kennedy writes, each component adds a layer of security and opportunity to your strategy
by Victoria Kennedy May 7
Hawaii to limit vacation rentals amid statewide housing crisis
New legislation will give counties the authority to redefine zoning ordinances to phase out short-term rentals
by Ben Verde May 6
Expedia adjusts full-year guidance amid slump in Vrbo bookings
The firm reported total lodging bookings of $21M for the first quarter across all of its platforms
by Ben Verde May 2
Hyatt, Hilton among those accused of price-fixing in new antitrust suit
A lawsuit filed last week in California alleges that the hotel industry engaged in illegal price-fixing using AI-powered software from IDeaS
by Taylor Anderson May 1
Distress in office sector climbs to 12-year high, new report says
$38B in office buildings show signs of distress in downtowns across the nation as the sector continues to struggle through the high rate environment
by Taylor Anderson Apr 30
WeWork floats bankruptcy exit deal, without Adam Neumann
The firm plans to rid itself of $4B in debt through $450M in financing and ignores founder Adam Neumann's bid to buy back the company
by Ben Verde Apr 30
Home prices surge to 'near all-time highs' amid rising mortgage rates
San Diego, Los Angeles, Washington, D.C. and New York posted annual price increases for the third-straight month, with each of the cities S&P CoreLogic Case-Shiller tracks hitting record highs
by Ben Verde Apr 30
March rents grew dramatically in Chicago and these 4 other cities
18 of the 50 largest US metro areas witnessed rents rise on an annual basis in March, especially in the Northeast and Midwest, where a lack of rental supply is common and owning a home is costly
by Lillian Dickerson Apr 30