The future of second-homeownership is bright

Day 2 of Inman Connect is underway with an all-star lineup, including Opendoor’s Eric Wu, Keller Williams’ Wendy Papasan, and many more. Register now to watch the rest of the day today and tomorrow live, and catch up on what you missed on-demand. Although the pandemic sparked a plethora of employment, health and housing challenges, it also … Read more

Multifamily rental market rebounds to pre-pandemic levels

The median multifamily rent increased 2.5 percent in May, according to Yardi’s latest rent report. West Coast markets experienced the greatest increases as buyers hold off on the homeownership plans. The multifamily rental market has rebounded to its pre-pandemic performance, according to Yardi’s national multifamily report released on Tuesday. The median multifamily rent increased 2.5 … Read more

Lumber prices finally drop and the stockpilers prepare to sell

After soaring lumber prices fueled conspiracy theories this spring, and challenged homebuilders faced with an inventory shortage, prices are starting to come down. After soaring lumber prices fueled conspiracy theories this spring, and challenged homebuilders faced with an inventory shortage, those lumber prices are finally beginning to come down from their great heights. For the … Read more

What is dynamic pricing for short-term rentals and how does it work?

Today, there are a number of digital dynamic pricing tools available to property owners that automatically change prices on properties based on a variety of market factors. Vacation rental owners have seasonally priced their properties for decades. But today, there are a number of digital dynamic pricing tools available to property owners that automatically change … Read more

Pacaso launches grant equity referral program

Real estate fintech startup Pacaso has launched its own equity program, according to a company announcement on Wednesday. With the Referral Grant Equity Program, real estate agents and Pacaso homeowners and employees can receive 500 restricted stock units (RSUs) for each closed buyer referral. Agents will continue to receive 3 percent commissions for closed buy-side … Read more

Where travelers are planning their getaways this ‘hot vax summer’

Travelers are mostly seeking family-friendly short-term rentals in rural areas relatively close to home. But major cities have risen in popularity for long-term summer stays too. This year’s “hot vax summer” is about to get underway, and pent-up travel demand is priming this summer for a busy one for the short-term rental industry. Short-term rental … Read more

Facing backlash, Pacaso implements changes in NorCal

Second home co-ownership startup Pacaso has implemented a number of operational changes in response to community members in Napa and Sonoma counties voicing concerns about the company taking over properties in their neighborhoods. In April, Pacaso filed a lawsuit against the city of St. Helena in Napa Valley, California after the city banned the startup’s … Read more

DC appeals court reinstates nationwide eviction ban

The battle over the nationwide eviction moratorium continues. A month after Judge Dabney L. Friedrich vacated the moratorium, the D.C. Circuit Court of Appeals upheld the Centers for Disease Control and Prevention’s legal right to extend the ban to properties outside of the federal government’s purview. “[The Department of Health and Human Services] has demonstrated … Read more

How technology has shaped multifamily marketing

Etched in my memory is the day in the early 1980s when the first Apple computer arrived at my office. I was just a few years into my career in real estate, having followed my grandfather and father into the profession, and I was mystified: What were we to do with … this? As it … Read more

From iBuying to iRenting: Innovation in residential real estate

Within the past five years, the process of selling a home has undergone a radical transformation ignited by the “iBuyer” — a real estate company that buys and sells properties using technology. Opendoor created the category back in 2014. Several fellow technology-driven companies like Zillow, OfferPad, and RedFin have entered the space since. The proposition … Read more

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