CoreLogic released its latest Single-Family Rent Index (SFRI) last week, which looks at SFR rents nationally. The report found that although rent growth year-over-year in July was up 12.6%, it…
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Mortgage layoffs continue amidst volume deceleration [2022]
The short-term rental market has continued to grow according to new data from AirDNA. Reportedly, current available STR listings are sitting at 1.39 million, up 25.5% year-over-year (YoY). Further, demand…
Credit card debt at record highs in 2022
The Federal Reserve Bank of New York released a report last month highlighting that household debt in the U.S. rose $312 billion in Q2 2022 to a total of $16.15…
Mortgage volume at 22-year lows in Q2 2022
Last month, the world’s largest real estate holder Blackstone raised a record $30 billion fund. According to Miriam Gottfried of The Wall Street Journal (subscription required), the Blackstone Real Estate…
WeRise: Adam Neumann’s New Real Estate Startup
Adam Neumann, former founder and CEO of WeWork has a new residential real estate startup called Flow, and it has some serious venture capital (VC) behind it. In their largest…
Chinese real estate sector in trouble
Reporting last week shows that although still elevated, inflation has decelerated compared to previous months. Martha C. White of CNN Business reports that consumer prices increased by 8.5% in July,…
Why interest rates are falling despite Fed raises
According to new data from multiple outlets, rents continue to rise although appear to be moderating. Yardi Matrix released its June 2022 National Multifamily Report, showing that average asking rents…
Opendoor pays $62 million to settle deception claims
John Gittelsohn of Bloomberg reports on the moderation of apartment deals in the real estate market, primarily caused by rising rates and worries about economic headwinds from investors. In Q2…
Inflation surges to 9.1% in June 2022: How this affects housing
Flávia Furlan Nunes of Housing Wire starts us off this week with reporting on the new inflation data, which surged to 9.1% in June, the highest rate in 40 years.…