It was a risky foray for Matt Gilchrist more than a dozen years ago, when he decided to leave his job with a national home builder and go into housing development on his own Connecticut. At the time, ...

The properties were purchased with the intent of renting them out as AirBnbs, one of them already previously used for that purpose.

In September, nearly 56% of houses and condos sold in Connecticut for above listed prices, according to Redfin.

Zillow says median U.S. rent rose $130 this year, while 4 in 10 reported no increase and many negotiated concessions like ...