Good morning. Today's shake includes:

• Build-for-rent market booms

• Rent-tastic: Doorstead secures $21.5m in funding

• Real-Estate Regrets lead to lawsuits against agents

• Real Estate in the Metaverse is on the rise

Yummy.

PROTEIN

Home, sweet rental: Build-for-rent market booms

One slice of the single-family home market that has gained traction over the past year in a topsy-turvy housing landscape is the build-for-rent sector — or BFR. Read more

• Construction starts in the BFR market are being propelled by the ongoing demand for single-family rental units as high mortgage rates and limited for-sale inventory push home-purchase prospects further out of reach of many would-be homebuyers.

• According to a report by Northmarq, developers are forecast to start 74,000 BFR units in 2022, up from 59,000 units in 2021, despite the uncertainty and volatility in the housing market caused by interest rates and inflation.

• BFR currently only accounts for around 6% of overall home starts, but experts predict that this will change as more households seek lower-density neighborhoods and single-family residences and mortgage rates remain high.

VITAMIN C

More tasty news in this shake

TECH

Doorstead, a property management start-up that offers "guaranteed" rental payments to homeowners, has raised $21.5m in a Series B funding round. Read more

• The company uses a pricing model based on data science and machine learning to predict how much rent a given property can command and guarantees landlords a minimum amount of rent and pays the difference if it can't get the amount it promised.

• It makes money by charging an 8% management fee, with any extra money going to the property owner rather than being pocketed by the company.

• The start-up operates in 7 markets in California, Washington, and Massachusetts and plans to expand.

AGENTS & BROKERS

Real-Estate Regrets: Lawsuits Against Agents and Brokers on the Rise. Read more

• Lawsuits filed against agents, brokers, and other real-estate professionals increased 9% between 2021 and 2022.

• The lawsuits are driven by "unhappy consumer" who are more likely to file a suit after having had a negative emotional experience during a real-estate transaction.

• The lawsuits usually contains allegations that seek to trigger reimbursements under a real-estate professional's liability-insurance policy.

METAVERSE

A New Frontier: Exploring the Potential of Real Estate in the Metaverse. Read more

• Virtual properties in the metaverse are represented by non-fungible tokens (NFTs) and bought with cryptocurrency.

• The trend of buying and selling virtual real estate in the metaverse is on the rise, however, it also comes with its own set of challenges and risks.

• Experts advise seeking the professional counsel of attorneys and financial advisors before investing in virtual real estate.

How was today's shake?

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