Airbnb revenue and income hit an all-time high in Q3
As pent-up travel demand and the ability to work remotely came to a head, the company's revenue increased 67% year over year and income surged 280% year over year
Vrbo drove Expedia Group to surpass Q3 earnings expectations
Expedia Group's CEO said the short-term rental platform was 'a particular highlight' that helped the company's strong performance during the quarter
Vacasa launches new homeowner app to monitor property
The new app will provide homeowners on the company's platform with easy access to information regarding the management and revenue performance of their property
Cover raises $60M to scale its backyard prefab housing business
The one- or two-unit homes are manufactured off-site and assembled in a property owner's backyard, without the use of a large crane
by Daniel Houston Oct 29
CoStar revenue rises to new heights in latest earnings report
The company pulled in $499M in revenue during the third quarter of this year. That's a 17% jump compared to last year at the same time
by Jim Dalrymple II Oct 26
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
by Lillian Dickerson Oct 26
Short-term rental demand soars — and holidays are getting booked fast
Thanksgiving bookings have surged 65% year over year while the week between Christmas and New Year has skyrocketed 89%, according to short-term rental analytics firm AirDNA
OJO Labs adds Zumper rental listings to search platform
With the partnership, Zumper will provide Movoto users with more than 500,000 rental listings per month from the rental platform
by Lillian Dickerson Oct 21
RentSpree teams up with dozens of multiple listing services
The new partnerships include 30 different MLSs and will ultimately give more than 500,000 real estate professionals integrated access to RentSpree's technology
by Jim Dalrymple II Oct 20
Staffing and recruitment among top challenges for property managers in 2021
74% of respondents to a National Apartment Association survey said HR, staffing and recruitment issues were one of their top 3 challenges this year
by Lillian Dickerson Oct 18
As Tesla sets its sights on Austin, listing agents near plant shift gears
With news of Tesla bringing its headquarters to Austin and a factory nearing its opening, agents are advising sellers nearby to think big
by Daniel Houston Oct 12
Zillow Housing Hackathon winners create renter affordability app
The HBCU Housing Hackathon was a 7-day virtual competition to challenge students to create and pitch tech solutions to help consumers overcome obstacles in finding a home. The winning team was from Morehouse College
The United States Treasury
Groups that have received federal rental assistance and have not yet used a certain portion of it may soon see the funds revoked by the U.S. Department of the Treasury and redistributed elsewhere
Essential workers sacrifice space and home age to afford their rent: Zillow
Millions of renters throughout the US are often forced to choose smaller and older homes to afford their rent, according to a recent report from Zillow
Short-term rental demand is looking strong for fall, winter
A number of short-term rental markets saw a slowdown in August due to families going back to school and the spread of the Delta variant, but those factors aren't impacting fall and winter bookings
by Lillian Dickerson Sep 27
Interest in second homes remains down for third consecutive month
Many buyers are still considering second-home purchases, but the number was down from last year's blistering levels, according to a report from Redfin on Wednesday
by Daniel Houston Sep 22