Second Century Ventures backs 8 Canadian real estate tech startups

The National Association of Realtor’s strategic investment arm Second Century Ventures has announced eight startups chosen for its inaugural REACH Canada accelerator class. The startups range from virtual staging tools to e-signature platforms, and are all aiming to make a big impact in the real estate technology sector. Second Century Ventures, a global venture fund […]

First-timebuyers may consider moving to lower-cost areas as challenges mount

Younger people are facing a problem, with rising home pricing meaning that the down payment requirement is getting higher, and many are unable to afford it. The National Association of Realtors says the median home price in the U.S. is now $350,000, which means the average buyer would need to pay $70,000 as a deposit […]

400k borrowers are “needlessly delinquent”, study finds

Around 400,000 homeowners who’re struggling to pay their mortgages due to the COVID-19 pandemic have failed to take advantage of forbearance programs that could help them, despite being eligible, a report from the Urban Institute has found. Homeowners with federal mortgages are allowed under the Coronavirus Aid, Relief and Economic Security Act to defer mortgage […]

Ultra-wealthy Americans target luxury real estate

The net worth of America’s wealthier individuals has increased substantially in the five-month period ending in August, and many are choosing to invest their gains in real estate. That’s according to a report from research firm Wealth-X, which said the recent stock market boom has helped many wealthy individuals in the U.S. to recover wealth […]

Ski towns see luxury home sales jump

America’s ski season has been hit by the coronavirus but that hasn’t stopped people from buying up homes in popular ski areas. In fact, sales have surged this year, and it’s causing home prices to rise faster than the national average in these areas. “This was the busiest summer selling season ever,” Ben Fisher, a […]

Black families team up to build Freedom City, Georgia

Entrepreneur Renee Walters and real estate professional Ashley Scott have teamed up to build an entire town that they say will be dedicated to developing an “authentic Black community and culture that’s both safe for its residents and “feels prosperous”. The pair launched a recruitment drive to find 17 other Black families and investors, in […]

The FTC is investigating Opendoor over its advertising practices

iBuying company Opendoor is under investigation by the Federal Trade Commission over its advertising practices and the way it presents its real estate offerings to consumers. HousingWire reported last week that the FTC’s investigation was revealed by Opendoor’s S-4 statement, which revealed how the firm intends to go public via a merger with a special […]

How to spot bathroom problems during a virtual tour

Bathrooms are usually always smaller spaces within a home, and so it’s possible that home shoppers could miss some important problems while checking out a property through a virtual tour. Some problems might require further inspection, and so it’s up to real estate agents to act as their clients “in-person eyes” while searching for a […]

JPMorgan Chase pledges billions to reduce housing inequality

JPMorgan Chase said this week it will commit $30 billion towards addressing the racial wealth gap within the U.S. Lenders such as JPMorgan Chase are among those being blamed for fostering inequality in U.S communities by denying mortgages to people of color, or offering them at higher rates than their white counterparts by using the […]

Disinfection rooms take root in luxury apartments

UV robots and a sanitizing butler are becoming important commodities in luxury homes as the trend towards so-called “disinfection rooms” gains pace, according to report in Luxury apartments and condos are increasingly making use of disinfection spaces in order to prevent the spread of germs. But what does a “disinfection room” consist of? According […]