Los Angeles Weekend Edition
Another massive property outside LA lists for $75M
A 3,200-acre expanse in the hills of Santa Barbara County is hitting the market for $75 million. The property...
Residential Real Estate
National Weekend Edition
Lachlan Murdoch pays $30M for half-acre Sydney Harbor boat house
Lachlan Murdoch, the son of billionaire media mogul Rupert Murdoch, has purchased a small home on Sydney Harbor for...
National
Demand for short-term rentals surges past pre-pandemic levels
It’s gearing up to be the best summer ever — for short-term vacation rentals. Last month, demand for short-term...
National
Here’s where homes virtually sold out in the pandemic
New data confirm what brokers and home buyers have long felt: The pandemic surge in homebuying decimated inventories most...
National
Jumbo mortgage lenders invade Fannie and Freddie’s turf
With overnight bank funding rates near zero, investors are flush with cash — liquidity they are using to compete...
National
Airbnb’s losing spree continues with $1B loss in Q1
With travel finally picking up 14 months into a pandemic that has wreaked havoc on the industry, Airbnb may...
National
Compass revenue soars 80% in Q1
UPDATED, May 12 2021, 6:35 p.m.: The bar was set high for Compass’ first quarterly earnings report as a public company. The brokerage, which went public on April 1, reported $1.1 billion in revenue...
Los Angeles
Blackstone buys San Diego apartment complexes in $1B deal
Blackstone Group is planning to buy about 5,800 apartment units in San Diego for more than $1 billion. The...
National
Opendoor revenue bounces back in Q1
Opendoor had some good news to share in its second earnings call as a publicly traded company. The company reported $747 million in revenue in the first quarter of 2021, an increase of 200...
National
WATCH: How climate change puts real estate at risk
Where should you invest when seas are rising, temperatures and going up, and extreme weather events are looming? “There...