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 […]

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 […]

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 […]

CoreLogic launches AI-based home buying portal, OneHome



Real estate industry data analytics firm CoreLogic has just launched a new artificial intelligence-based platform called OneHome that it says can streamline the home buying process for both agents and consumers. The company said OneHome helps to facilitate communication between real estate agents and home buyers throughout the buying process. In addition, the platform also […]

Redfin reports rise in offers from virtual tours only



With most buyers resorting to virtual tours as the only way to actually see inside a listed home during the coronavirus outbreak, one might be forgiven for thinking that home buying activity is all but dead. But in actual fact, many real estate brokerages are still doing business, with Redfin reporting that some 12% of […]

Internet of Voice: The Next Big Thing to Generate Real Estate Leads



Internet of Voice (IoV), commonly referred to as ‘voice search’ is set to be the next big thing in marketing for various businesses. Several key leaders in the marketing industry are predicting IoV to be the marketplace disruptor in the coming years. IoV Overview Voice search refers to sending a query using your voice instead […]

Sahel Majali Explains How VR Technology Is Used in Construction



More and more of the world’s leading construction companies are catching on to the potential of VR technology. In this article, we explore its applications in a construction context, and how VR can reduce costs, promote collaborative cohesion, and make building projects faster and safer. What Is VR? VR is a simulated experience that provides […]

Assessing the Impact of Artificial Intelligence in Real Estate



Artificial intelligence (AI) is one of the biggest innovations of the 21st century. It is now impacting every aspect of modern life. The rise of intelligent machines is one of the most outstanding modern innovations. According to IDC, global spending on AI systems will hit $35.8 billion in 2019. At the same time, a Gartner […]

Why millennials are investing in real estate online



With millennials finding themselves priced out of their local housing markets, many are searching online for opportunities to invest in real estate elsewhere, according to a report in Curbed.com. The report notes that millennials are instead getting creative with their investments, which they see as a way to build up savings so that they can […]