Co-living marketplace PadSplit is expanding into four new U.S. markets: Portland, Oregon; Seattle, Sacramento and Nashville. Founded in 2017, PadSplit operates in more than 35 markets and has listed more than 28,000 rooms, housing 65,000-plus people. The company said it focuses on access and flexibility, with no minimum credit score or long-term lease required, allowing […]
PadSplit expands co-living services to 4 new cities Read More »
Pathway Lending, a Nashville-based Community Development Financial Institution (CDFI), announced on Thursday the launch of the Pathway Housing Fund with $30 million in committed capital to acquire and preserve Naturally Occurring Affordable Housing (NOAH) in Tennessee communities at risk of gentrification. “Over the past two decades, Tennessee’s housing crisis has grown more personal for thousands
Pathway Lending launches $30M housing fund Read More »
A week after settling a lawsuit with rental property management company Greystar, it appears the Federal Trade Commission’s (FTC) involvement in the rental property management space is not waning. On Tuesday, the government regulator announced that it had sent letters to 13 property management software providers nationwide warning them that they may be violating the
FTC issues warnings to rental software firms on price transparency Read More »
A $7 million settlement agreement with Greystar Management Services was announced by California Attorney General Rob Bonta — part of a coalition of nine state attorneys general pursuing antitrust claims tied to RealPage software. The settlement requires Greystar to stop using software that employs competitively sensitive information to align rents and to cooperate in the
Greystar reaches $7M settlement in rent-setting lawsuit Read More »
A New Jersey Superior Court judge has dismissed lawsuits from a coalition of state municipalities seeking to overturn a new affordable housing law — dealing a major setback to opponents of the policy. Assignment Judge Robert Lougy on Tuesday rejected two suits filed by the Local Leaders for Responsible Planning, a group led by Montvale,
Court dismisses N.J. mayors’ challenge to affordable housing law Read More »
Despite rumors earlier this year that the Federal Trade Commission (FTC) was investigating Zillow and Redfin over their $100 million rental syndication deal, the announcement that the FTC was suing the two companies still carried an element of surprise. “This shows that the Federal government is still looking hard at the realty space,” Chuck Cain,
Why the FTC is targeting Zillow and Redfin’s rental deal Read More »
The U.S. rental market is shifting in 2025, but for rental agents, opportunity remains abundant. National vacancy rates reached 7 percent in the second quarter, up from 6.6 percent a year earlier, according to the U.S. Census Bureau. A wave of new construction and moderating rent growth has created a more balanced market, but in
Where rental agents are cashing in: The states to watch for the remainder of 2025 Read More »
Amazon has reached a milestone of 10,000 affordable housing units funded in Seattle’s Puget Sound region, part of the $2 billion Housing Equity Fund the online retail giant launched in 2021. The announcement coincides with the opening of Connection Angle Lake — a 130-unit development from Mercy Housing built with the help of a $17
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U.S. real estate investors bought about 52,000 homes in the second quarter, the lowest level for that period since 2020, according to a report from Redfin. Purchases were down 6% from a year earlier — the largest drop since late 2023. Redfin, which analyzed purchase records across 39 major metropolitan areas, defines an investor as
Investor home purchases hit lowest second-quarter level since 2020 Read More »
U.S. Sens. Mark R. Warner (D-Va.), Andy Kim (D-N.J.) and Lisa Blunt Rochester (D-Del.) introduced legislation last week that would make it easier for faith-based organizations and colleges to convert unused land into affordable housing. The measure — called the Yes in God’s Back Yard (YIGBY) Act — would direct federal resources to help religious
Bill aims to expand affordable housing on unused religious, college land Read More »