09.27.2017 The Registry SF
Apartment List Partners With Homes.com to Make Multi-Family Renting More Accessible
Apartment List, the fastest growing rental marketplace, today announced a partnership with Homes.com, the leading online real estate destination and provider of real estate marketing solutions, to be the exclusive supplier of U.S. multi-family rental community listings* to Homes.com. The partnership combines Homes.com’s audience and reach with Apartment List’s best-in-class user experience and platform.
According to U.S. Census data, homeownership rates have plummeted since the 2008 recession. Apartment List’s recent Rentonomics report shows that more people are renting due to high homeownership costs and a lack of savings: 72 percent of millennial renters who would like to buy a home cite affordability as their biggest obstacle. In addition, generational tastes among millennials gravitate towards the flexibility that renting provides.
“There has been a surprising lack of innovation to connect renters and properties, with many people relying on decades-old technology,” said John Kobs, CEO and co-founder of Apartment List. “We’re thrilled to partner with Homes.com to deliver our powerful search tools and streamlined user experience to their users. Together, we’re making it easier and more accessible for millions of people to rent homes, with a wider array of listings than ever before.”
“Homes.com is excited to partner with Apartment List to offer consumers searching for their next home a best-in-class rental search experience,” said David Mele, president of Homes.com. “This strategic collaboration offers added exposure and will drive more qualified consumers to Apartment List rental communities.”
Unlike other apartment search providers, Apartment List is focused on the renter and property owner, and has helped over 100,000 families find their home since 2014. The company offers the only pure play transaction-based marketplace for long-term rentals.
- Multi-family rental communities of more than 100 units located within the U.S.