The index of pending home sales increased 1.2 percent in November after a fall in October that followed two consecutive months of increases, the National Association of Realtors (NAR) reported Monday (Dec. 30). The NAR Pending Home Sales Index (PHSI), which measures the number of...
Domio, a startup that designs and rents apartment hotels, has raised $100 million in funding to expand both nationally and globally to 25 markets by 2020, according to reports on Tuesday (Dec. 17). The company’s Series B round was led by GGV Capital. The funding...
Zillow Offers launched in Los Angeles and Orange County on Monday (Dec. 9), its second-largest housing market in the nation, GeekWire reported. San Diego and the Inland Empire areas already had Zillow Offers, and the company’s LA expansion covers much of Southern California. Available in...
The saying goes that the future belongs to the young. So, too, apparently, does real estate. In the 2020 National Housing Forecast from Realtor.com, a number of predictions stand out, among them that home price growth will flatten, to a rate of about 80 basis...
In a staff presentation, new WeWork Chairman Marcelo Claure tore up the old business model of the company and promised the group would move away from taking on long-term leases in many cities. While the firm would still sign its own leases in the top 12 or...
U.S. homeowners’ decision to stay in their homes longer is keeping much-needed inventory off the real estate market, causing a slip in home sales. New analysis by Redfin found that homeowners around the country are typically staying in their homes for 13 years, five years...
ZeroDown, a financial and real estate technology startup looking to take on Zillow and Redfin, has been given a valuation of $150 million by venture capitalists. “I think we will be known as a company that makes it easier to buy a home in every...
Although Marriott International launched its Homes & Villas homesharing program, the company insists it doesn’t have any intention of competing with Airbnb and similar companies. “We knew that we couldn’t outsmart or out-manage professional property managers,” said Jennifer Hsieh, global leader for Homes & Villas...
WeWork’s IPO flameout begs the question of whether it was, and is, an old economy company after all. For firms worthy of the "disruptor" moniker, tech matters — specifically, the platform model can change the way business is done in the brick-and-mortar realm.
