Doma Expands Mortgage Closing Platform in Massachusetts bankerandtradesman.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bankerandtradesman.com Daily Mail and Mail on Sunday newspapers.
Share via Shortlink
Less than a decade ago, startups valued at $1 billion or more were so rare so mythical even that the tech world took to calling them unicorns. In 2013, there were just 39 such magical creatures, a number that has since surged to more than 600.
Residential real estate, a longtime tech desert, had but a couple over the years.
But in the last eight months, four proptech startups focused on the residential industry have hit valuations of $1 billion or more. Three others – Airbnb, Compass and Lemonade – have gone public. Another 10 have plans to merge with blank-check firms, in deals valued collectively at $38.5 billion. Investment in technology aimed at streamlining how we buy and sell homes has exploded. Buyers can view homes without stepping foot in the property, get approved for a mortgage online, obtain title insurance in minutes and notarize documents remotely. iBuyers are enticing customers to sell their homes lock, stock and barrel with
Listings
With the M&A market for listings services heating up, eyeballs are worth a lot more than they used to be.
CoStar bought national search portal Homesnap for $250 million in November, pitting the CRE data giant against Zillow, Realtor.com and others in the residential game. CoStar also tried to buy CoreLogic and RentPath these past few months but failed in part due to scrutiny from the Federal Trade Commission.
But CoStar’s loss was Redfin’s gain: The real estate brokerage nabbed RentPath for $608 million in cash in April, expanding its presence in the rental market and bringing the millions of users on Rent.com, ApartmentGuide.com and Rentals.com under its control by 2022. Barely a week after Redfin closed on the deal, CoStar announced it was buying listings portal Homes.com for $156 million in cash.
Inside The Real Deal's April 2021 Issue therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.
Blueprint - The Definitive Real Estate Tech Conference - Announces First 50 Speakers, Registration Open
Share Article NEW YORK (PRWEB) April 14, 2021 With more than $20 billion invested in real estate tech last year alone, real estate is experiencing a surge of innovation. With this as backdrop, Blueprint is pleased to announce the launch of its inaugural event focused on the future of the built world, which will be held at the Mandalay Bay in Las Vegas, on October 4-6, 2021. Organized by the same team behind InsureTech Connect, HR Transform, Mobile Apps Unlocked, and Manifest, the new conference (http://blueprint.connectiv.com) will bring together the biggest real estate companies in the U.S., the most dynamic proptech startups and the most important venture capitalists powering this ecosystem.