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...
Residential Real Estate
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...
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...
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...
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...
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...
New York
Joan Rivers’ NYC penthouse hits market for $38M
Joan Rivers’ longtime Upper East Side home is back on the market. The legendary comedian lived in the penthouse...
Exhausting other options, buyers flock to fixer-uppers
Even cheap homes have gotten expensive. In ZIP codes where the median home price was less than $100,000 in...
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...