Recent analysis shows Airbnb revenues in steep decline in some large U.S. markets. The consequences of such a decline could send shockwaves through the entire residential real estate market.
The short-term rental market is undergoing a major restructuring, according to analysis posted to Twitter by Reventure Consulting CEO Nick Gerli.
“The Airbnb collapse is real,” says Gerli in the Tweet, citing data showing revenues declining by as much as 50 percent in cities like Phoenix and Austin. Revenues have also declined by at least 34 percent in other cities, like New Orleans, Seattle, and Orlando, according to Gerli’s analysis.
The consequences could have an effect in the housing supply shortages contributing to housing affordability problems all over the country, as noted in an article by Vance Cariaga for Yahoo News.
The implication in the tweet — “forced selling from Airbnb owners” — is that these cities could soon see a lot more homes come on the market, which should lead to lower prices. The implication in the tweet — “forced selling from Airbnb owners” — is that these cities could soon see a lot more homes come on the market, which should lead to lower prices.
Airbnb spokesperson Sam Randall questioned the accuracy of Gerli’s numbers in a soundbite included in a separate article by Andrew Kessel for Proactive Investors.
FULL STORY: Housing Market 2023: Viral Tweet Says ‘Airbnb Collapse Is Real’ — Is Now the Time To Buy a Home?
Study: Maui’s Plan to Convert Vacation Rentals to Long-Term Housing Could Cause Nearly $1 Billion Economic Loss
The plan would reduce visitor accommodation by 25% resulting in 1,900 jobs lost.
Spain Moves to Regulate Short-Term Rentals
Calls for regulation at the national level have prompted lawmakers to consider limiting tourist rentals amidst a growing housing crisis.
How Much Are Short-Term Rentals to Blame for the Housing Crisis?
Whether and how deeply Airbnb and other short-term rentals affect housing costs depends largely on local conditions and economies.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Canada vs. Kamala: Whose Liberal Housing Platform Comes Out on Top?
As Canada votes for a new Prime Minister, what can America learn from the leading liberal candidate of its neighbor to the north?
The Five Most-Changed American Cities
A ranking of population change, home values, and jobs highlights the nation’s most dynamic and most stagnant regions.
San Diego Adopts First Mobility Master Plan
The plan provides a comprehensive framework for making San Diego’s transportation network more multimodal, accessible, and sustainable.
Housing, Supportive Service Providers Brace for Federal Cuts
Organizations that provide housing assistance are tightening their purse strings and making plans for maintaining operations if federal funding dries up.
Op-Ed: Why an Effective Passenger Rail Network Needs Government Involvement
An outdated rail network that privileges freight won’t be fixed by privatizing Amtrak.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Village of Glen Ellyn
Central Transportation Planning Staff/Boston Region MPO
Heyer Gruel & Associates PA
Institute for Housing and Urban Development Studies (IHS)
City of Grandview
Harvard GSD Executive Education
Regional Transportation Commission of Southern Nevada
Toledo-Lucas County Plan Commissions