CoStar buys Homesnap to target the residential real estate sector



Commercial real estate analytics giant CoStar Group is getting into the residential sector after acquiring a company called Homesnap Inc. for $250 million. Homesnap sells technology that enables real estate brokers to manage listings within their applications and on their websites. The platform is used by around 300,000 residential real estate professionals around 30 times […]

Automated Lighting Systems for Homes Let there be Instant Light



Automated lighting systems cover a broad field of innovations. Find out how these lights work, the benefits, how to choose automated lighting systems and more. Smart homes are now a big trend with the market expected to reach $141 billion by 2023. An automated lighting system is one of the main components of these homes. […]

Mortgage firms’ customer satisfaction grows despite remote work shift



With mortgage rates at an all-time low, U.S. home sales have risen to a 14-year high. Now, some existing homeowners are racing to take advantage of the super-low rates too, resulting in a 200% rise in refinancing applications this year. As such, mortgage lenders have faced a hectic schedule at a time of increased business, […]

Tomo Networks raises $40M to streamline real estate transactions



Two former Zillow chiefs have created a new company that aims to use technology to eliminate the complexity of real estate transactions, and it’s being backed by a hefty $40 million it has raised in seed funding. Trulia co-founder Pete Flint, former Zillow CEO Spencer Rascoff, Ribbit Capital and Zigg Capital led the funding for […]

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 […]

Amazon targets property management with Alexa for Residential



Amazon is looking to get into property management with its new Alexa service, called Alexa for Residential. The new service is designed to help property managers set up and manage Alexa powered smart home devices throughout their rental properties and buildings. Amazon stressed that property managers will not be able to access their tenant’s data, […]

Picking the Best Lighting Control System for Your Smart Home



Smart technology means it’s easier than ever to create the perfect home environment you want, right at the swipe of a touchpad. One of the most fun and effective ways you can do this is by linking your home’s lighting to your smart network. But this process isn’t just getting one or two smart bulbs […]

Renters want virtual tours too, survey finds



More than 70% of renters say they would be happy to rent an apartment without seeing it in person first, if they could check it out through a 3D virtual tour. That’s according to a survey jointly commissioned by Zumper, a rental marketplace, and Matterport, which provides 3D and virtual tour services. The survey notes […]

Instgram Reels video app to launch in August



Tech-savvy real estate professionals will be interested to learn that Facebook is launching a new app to take on TikTok. The app is called Instagram Reels, and like TikTok will be a video platform that enables users to create short, interactive clips with musical soundtracks. A large number of real estate pros already use social […]

More people are buying homes without seeing them first



Digital technology is rapidly going mainstream in real estate, and many home buyers are so confident in it that they’re going ahead with their purchases without seeing their new properties in person. Take the example of one anonymous European buyer, who recently splashed out a stunning $6.3 million to buy an entire island off the […]