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Housing
Mortgage rates fell again as housing market reaches 'equilibrium'
By
Mike Wheatley
| August 3, 2022
Real Estate Software Apps
,
Real Estate Technology
Short-term rental pricing platform PriceLabs raises $30M
By
Mike Wheatley
| August 1, 2022
The vacation rental revenue management startup PriceLabs said last week it has raised $30 million in a “minority growth investment” round. The sole investors in the round was Summit Partners. Price Labs, which is already profitable, said the round is the first time it has sought outside funding, and that the cash will be used […]
Housing
,
Multifamily
U.S. needs 4.3 million new apartments by 2035, report finds
By
Mike Wheatley
| July 31, 2022
The United States will need to add 4.3 million new apartments by 2025 to tackle challenges around affordability, demand and deficit, a new study has found. The research, conducted by the National Multifamily Housing Council and National Apartment Association, suggests that demand for apartments is set to increase across all 50 states and all major […]
Housing
,
News
Pending home sales dropped 20% last month as more buyers find themselves priced out
By
Mike Wheatley
| July 29, 2022
Pending sales of existing homes dropped 20% in June compared with the same month a year ago, the National Association of Realtors said Wednesday. That is the slowest pace since September 2011, with the exception of the first two months of the coronavirus pandemic lockdowns, when sales plunged briefly and then rebounded sharply. On a […]
Housing
,
News
Builders are increasing incentives as new home sales decline
By
Mike Wheatley
| July 28, 2022
After struggling to keep up with demand for much of the last two years, U.S. home builders say they’re now seeing a slowdown in sales, resulting in a backlog of homes they’re struggling to sell. Sales of newly built homes fell more than 8% in June from the prior month and were down 17% from […]
Industry Technology
,
Real Estate Technology
Foresite and Lilt partner to break down construction industry communication barriers
By
Mike Wheatley
| July 26, 2022
The construction-focused SaaS company Foresite Technology Solutions said today it’s partnering with the global experience platform Lilt to integrate multilingual content within its platform. Foresite aims to eliminate safety issues for construction workers that stem from communication errors and language barriers, it said in a press release. It points to a 2019 study by the […]
Housing
Fugitives arrested over multi-state mortgage fraud scheme
By
Mike Wheatley
| July 23, 2022
Law enforcement officials have arrested three alleged fraudsters and placed them into custody on federal charges relating to mortgage fraud, credit repair and government loan fraud. The Department of Justice said Heather Ann Campos, David Lewis Best Jr. and Stephen Laverne Crabtree had been evading law enforcement for several months, after some of their co-conspirators, […]
Real Estate Technology
Fifth Wall invests $500M to decarbonize the real estate industry
By
Mike Wheatley
| July 22, 2022
The real estate and property tech-focused venture capital firm Fifth Wall has announced the completion of its inaugural $500 million Climate Fund that aims to decarbonize the real estate industry. Having first launched with $116 million in August 2021, the fund is aimed at promoting environmentally-friendly technologies in the renewable energy, energy storage, smart buildings […]
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