Video: Better News - Los Angeles Real Estate Reality
This Week’s Topic: Airbnb Panic
A controversial blog post suggests that some Airbnb owners may be forced to sell their properties. The results could be a housing bust in some areas. Why? This industry watcher sees a downturn in the short-term rental market. It started in the second half of 2022, with Airbnb operators in some cities now facing a 50% decline in revenue. Darren and Joe look at the numbers, the opinions and the controversy this post has caused.
Last Week’s Topic: Better News
Buyers and renters received some better news in the May housing inventory numbers. The housing inventory problem persists. But housing construction starts for single and multi-family jumped 21.7% in May. Permits to build also increased to 5.2%, foretelling future growth. For renters, the multi-family construction is bringing more inventory. There is already a cooling of rents with more inventory.
More: Sold and new listing reviews, market news, other interesting things we've found this week in real estate
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