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Pandemic fuels housing inventory crisis, homes could run out

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The desire for comfy digs and low mortgage rates led many Americans to buy homes amid the pandemic.
Existing homes for sale are scarce, and building new ones is pricey.
Experts say homes will get even more expensive this year as inventory shrinks further.
Odds are high that you ve browsed Zillow at some point in the past year.
House hunting during the pandemic has become so common that Saturday Night Live based a whole parody sketch on the aspirational pastime.
Some of the quarantine-weary simply scroll photo slideshows of real-estate listings to imagine life with granite countertops or a waterfall shower, but others actually want to move and take advantage of low mortgage rates and a newfound flexibility for many to work from home to upgrade and put down ....

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Illegal lease terms grow for decades: study of Philadelphia landlords

Michael Dwyer/AP Photo
A study by UPenn and NYU researchers found Philadelphia landlords are adding bad terms into leases.
One big reason is the rise of shared leases, available cheaply on the Internet for landlords to use.
One of the coauthors says landlords will use these illegal terms as soon as moratoriums expire.
A new study took a deep dive into about 170,000 Philadelphia leases from 2005 to 2019 and found that the number of bad terms in them has increased sharply over the past 20 years.
Authors David A. Hoffman and Anton Strezhnev, of University of Pennsylvania and New York University respectively, found that unlawful terms are surprisingly likely to be associated with more expensive leaseholds in richer, whiter parts of the city. But Black tenants are more susceptible to eviction based on based on crime or drug use on the premises, an effect concentrated in whiter neighborhoods. ....

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Illegal lease terms have grown for decades, study of Philadelphia landlords finds

Illegal lease terms have grown for decades, study of Philadelphia landlords finds
[email protected] (Juliana Kaplan)
© Michael Dwyer/AP Photo
Housing activists gathering in Massachusetts in October. Michael Dwyer/AP Photo
A study by UPenn and NYU researchers found Philadelphia landlords are adding bad terms into leases.
One big reason is the rise of shared leases, available cheaply on the Internet for landlords to use.
One of the coauthors says landlords will use these illegal terms as soon as moratoriums expire.
A new study took a deep dive into about 170,000 Philadelphia leases from 2005 to 2019 - and found that the number of bad terms in them has increased sharply over the past 20 years. ....

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The 31 hottest real-estate and construction tech startups

Total funding: $23.2 million
What it does: Uses artificial intelligence to allow owners of commercial real estate to see under the hood of their property insurance in order to make changes that reduce their premiums.
Why it s hot: Cofounder Hemant Shah is the longtime CEO of Risk Management Solutions, the largest risk-analytics company. The idea behind Archipelago is to allow owners of commercial real estate to see how their insurance risk is calculated. That gives them concrete information they can use to make decisions to lower their risk and, as a result, their premiums.
The data that Archipelago gathers from building-operations data to the blueprint of a building is then used by insurers to underwrite plans that are more specific with less effort. The combination of a superstar founding team and innovative model has earned the company a lot of interest very quickly. Archipelago already counts the major real-estate owners and operators JLL, Morgan Stanley, and ....

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Southwest, American adding Super Bowl flights with $700+ fares

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American Airlines and Southwest Airlines planes.
HMBSoFL Photography/Shutterstock.com
Southwest Airlines and American Airlines are adding non-stop flights to the Super Bowl.
A one-way ticket from Kansas City to Tampa on Southwest costs over $700 at the time of writing.
Tickets to the big game will be limited to 22,000, split between the general public and healthcare workers.
Super Bowl LV is approaching as the Tampa Bay Buccaneers prepare to take on Kansas City Chiefs in Tampa, Florida on February 7. ....

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