Real Estate

April 18, 2024 @ 11:26 pm By Omar Faridi  |  

When it comes to buying investment properties millennials are not only the most active generation, but many are happy to go it alone, new data from CommBank has found. According to the data, 46 per cent of the banking institution’s new property investors in 2023… Read More

April 18, 2024 @ 9:01 am By JD Alois  |  

CrowdProperty, a property investment platform, has announced a new feature called Instant Decision in Principle (iDIP). This feature aims to speed up the financing process for developers. The feature will be officially revealed at the Property Investor Show in London this weekend. CrowdProperty explains that… Read More

April 18, 2024 @ 8:32 am By Omar Faridi  |  

Since 2020, median home prices have risen by 16%, while the median household income has increased by ~1% – from $76,660 in 2020 to $77,283 in 2024. For a median-priced home worth $417,700, a 15% down payment would cost $62,655. Anthony Scaramucci & SkyBridge have… Read More

April 17, 2024 @ 8:57 am By JD Alois  |  

Property funding marketplace CapitalRise has revealed a £6.5 million loan to develop the Mews House in the exclusive Mayfair neighborhood. The land is being issued in partnership with real estate debt and equity adviser Vishal Dixit, Arc & Co. The project plans to convert the existing layout… Read More

April 16, 2024 @ 6:23 am By Omar Faridi  |  

OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided a further £12.2m loan to returning customer and SME housebuilder, honey, to part fund the acquisition and development of two of its latest major residential schemes. Founded in October 2022 by former Avant Homes CEO,… Read More

April 12, 2024 @ 8:46 am By Omar Faridi  |  

According to new data from Experian, mortgage applications in the first two months of 2024 showed positive signs that consumers are returning to the market, with numbers increasing 20% against the same period last year. The data shows that the market is still some way… Read More

April 11, 2024 @ 9:51 pm By Omar Faridi  |  

tZERO Group Inc., an enabler of technology solutions for capital markets, is pleased to announce the launch of the Park Street Tuscany, LLC capital raise using the tZERO Securities platform. A venture comprising Park Street Development Group and Buena Vista Hospitality Group is leading “the… Read More

April 11, 2024 @ 8:26 am By Omar Faridi  |  

When it comes to wealth, younger Americans (millennials and Gen Z) have catching up to do, the team at PolicyGenius noted in a recent update. Adult members of these generations “own just 74 cents for every $1 of wealth that baby boomers owned at the… Read More

April 8, 2024 @ 7:45 pm By JD Alois  |  

A young real estate tokenization platform is raising money on Republic. According to the offering page, Reental is seeking $1.24 million in a Reg CF offering. The security is a “Crowd SAFE” with a 20% discount to a future event. The valuation cap has been… Read More

April 8, 2024 @ 10:30 am By Aaron Rafferty  |  

Generative AI [artificial intelligence] has taken the world by storm, especially with the proliferation of OpenAI’s massively popular ChatGPT. However, these generative AI models can potentially make an even greater impact than one might imagine. In the commercial real estate sector, generative AI has inspired… Read More

April 7, 2024 @ 10:23 am By Omar Faridi  |  

Six out of 10 or 60% of property managers reportedly experienced fraud during the last two years, according to the latest TransUnion (NYSE: TRU) research which finds outdated risk assessment methods leading to alarming levels of late detection. As the rental market grew over the… Read More

April 6, 2024 @ 12:10 pm By Omar Faridi  |  

HOMErs says that it delivers turn-key, contemporary modular homes designed for rapid assembly and disassembly. HOMErs has reportedly secured 89% of its £500,002 target (at the time of writing) via Seedrs with 22 days left in the company’s crowdfunding campaign. HOMErs has so far acquired… Read More

April 4, 2024 @ 7:54 am By Omar Faridi  |  

Karim Haji, Global and UK Head of Financial Services at KPMG, comments on the recent Money and Credit data from the Bank of England. Karim noted that mortgage approvals rising for the fifth month in a row shows the housing market recovery “is still moving… Read More

April 4, 2024 @ 5:12 am By Omar Faridi  |  

LendInvest Mortgages, the UK’s platform for mortgages, has announced a limited edition Easter incentive for its Buy-to-Let landlord customers as it reduces rates up to 15bps. The limited edition offer is targeted “at first-time landlords, and offers free valuations on Small HMO properties up to… Read More

April 3, 2024 @ 8:22 pm By Omar Faridi  |  

The U.S. real estate market has a record-high 550 “million-dollar” cities — cities where the typical home is worth $1 million or more — a new Zillow (Nasdaq: Z and ZG) analysis shows. That is 59 more million-dollar cities than a year ago,  “reversing losses… Read More

April 3, 2024 @ 10:30 am By JD Alois  |  

GenoCrowd, an online real estate investment platform, is reporting that it distributed €1.38 million to investors at the beginning of April. GenoCrowd described the distribution as a “milestone.” The total amount consists of complete repayments from three projects and interest payments from two projects. The… Read More

April 2, 2024 @ 3:53 pm By Omar Faridi  |  

Clear Capital, the national real estate valuation technology company, today announced an expanded partnership with Cherre, the real estate data management platform. Through Cherre’s API, customers now have “access to ClearAVM, Clear Capital’s automated valuation model (AVM), where they can map and set rules to… Read More

April 2, 2024 @ 10:19 am By Omar Faridi  |  

Built, a software platform designed to connect and simplify doing business in real estate, announced the appointment of technology industry veteran Pat Poels as Senior Vice President of Engineering, effective immediately. Poels joins the executive team and is responsible “for setting engineering priorities, driving innovation,… Read More

April 2, 2024 @ 7:35 am By JD Alois  |  

Three big banks – Lloyds Banking Group, Nationwide, and Natwest, along with Rightmove, have invested in the Proptech firm Coadjute. Lloyds Banking Group led the funding round, investing £3 million of the £10 million total raise. This round brings the company’s total raised to £23… Read More

April 2, 2024 @ 7:21 am By JD Alois  |  

CapitalRise, an online investment platform for prime real estate, has added to its lending and origination teams with the addition of Business Development Director Imogen Willams and the promotion of Ed Groves to Associate. CapitalRise, which recently benefited from institutional funding commitments, said the new hire… Read More