In this article Migration trends are shifting again. For the second month in a row, a record number of homebuyers are looking to move out of their state, according to the latest data from Redfin. In the third quarter of 2023, roughly 26% of homebuyers are looking to move to another part of the country, compared to
In this article For years, WeWork was considered an innovative company that changed how the commercial real estate space functioned. Fast-forward to November 6, 2023, when landlords, tenants, and investors rushed to get WeWork off their books after the co-working giant filed for Chapter 11 bankruptcy, listing $19 billion of debt. The company said it had reached
In this article The rental market boom is showing a seasonal dip. Rent levels dropped in September for the first time in six months, according to the latest market report from Rent.com. Overall rent levels dipped 2% compared to August, the largest monthly decrease since last year. The national median rent price is $2,011, the cheapest price since April,
In this article An average of 358,500 homes are lost to fire each year in the United States. With wildfires becoming more common, that number could increase. The rise in flooding and fires has caused many insurance companies to rethink their policies, with some increasing premiums and some just simply not renewing or offering new insurance plans.
In this article Airbnb CEO Brian Chesky has admitted that the short-term rental company is in over its head and needs “to get our house in order.” The company scaled very fast, very quickly, and did not build up its systems to match, he said. “To use a precise metaphor, it’s kind of like we
Homebuying Activity Fell Off a Cliff in August—How Can Investors Make the Most of Their Opportunities?
In this article Pending home sales dropped off significantly in August, pushing the real estate market to a standstill. With increasingly high mortgage rates, fewer people are putting their houses on the market. So, what does this mean for real estate investors? Let’s dig into the data. What the Data Says The National Association of
In this article Natural disasters are becoming more and more costly, especially for homeowners. With risk from extreme weather events, such as flooding and wildfires, insurance companies are pulling out of or even stopping coverage in areas that they say have increased risk. Insurance companies also report that they are struggling to cover the cost of rebuilding
In this article If you thought real estate prices were high enough, buckle up because some analysts think prices will keep rising. Real estate tech marketplace Zillow predicts home prices will keep going up through next year, largely due to the increase in homes for sale. In a recent report, Zillow researchers said they think prices
In this article Predictions of a U.S. recession seem to be fading away, with recent economic data showing better-than-expected numbers in consumer spending and unemployment and pointing to a resilient U.S. economy. The economy is looking so solid, in fact, that the Federal Reserve will likely double its projections for growth when it publishes its