Real Estate Tech News



Why the housing industry should fear Amazon

Why the housing industry should fear Amazon

For an e-commerce giant, Amazon has sprawling roots in the commercial real estate, with its massive warehouses, Whole Foods footprint and splashy cashierless and 4-Star stores. Now, Amazon (AMZN) is making its foray into residential real estate. Last week, the Alexa Fund, which invests in companies harnessing voice technology, participated in a $6.7 million round of funding to back Plant Prefab, a Southern California-based smart home builder.
'A never-ending commitment': The high cost of preserving vulnerable beaches

'A never-ending commitment': The high cost of preserving vulnerable beaches

As lawmakers consider disaster relief in the wake of Hurricane Florence, projects to rebuild North Carolina's shrunken shorelines are likely to get a healthy chunk of government money.
Home sellers slash prices, especially in California

Home sellers slash prices, especially in California

After three years of soaring home prices, the heat is coming off the U.S. housing market. Home sellers are slashing prices at the highest rate in at least eight years, especially in the West, where the price gains were hottest.
Sale-leaseback platform EasyKnock secures funding

Sale-leaseback platform EasyKnock secures funding

Real estate tech companies continue to draw huge amounts of financing. EasyKnock, touted as the first institutionalized sale leaseback residential platform, closed $3.5 million seed financing. The round, announced Wednesday, came in addition to new debt financing of $100 million.
Apartment listing platform Zumper raises $46 million, plans to hire 50 in San Francisco

Apartment listing platform Zumper raises $46 million, plans to hire 50 in San Francisco

Apartment rental listing platform Zumper plans to hire 50 or more employees in the San Francisco Bay Area over the next six months, with a $46 million in a Series C funding round led by media giant Axel Springer, the company announced Tuesday.
Only 10 percent have flood insurance on hard-hit Carolina coast

Only 10 percent have flood insurance on hard-hit Carolina coast

As Americans in North and South Carolina make it out of the Florence floodwaters, they face another daunting task: figuring out whether they can afford to rebuild. Few have flood insurance in the areas with the worst destruction. Home insurance does not typically cover flooding,
Merrimack Valley Gas Explosions: What We Know

Merrimack Valley Gas Explosions: What We Know

LAWRENCE (CBS) – Large sections of Lawrence, Andover and North Andover were evacuated Thursday afternoon after a series of gas explosions and fires. Here is the latest:
$117 million multi-use Block 9 tower to transform skyline of downtown Fargo

$117 million multi-use Block 9 tower to transform skyline of downtown Fargo

FARGO - The long-awaited Block 9 tower project in downtown Fargo kicked-off with a groundbreaking ceremony and party on what is now known as U.S. Bank plaza on Wednesday, Sept. 12.
The ambitious real estate ‘unicorn’ Opendoor just made its first acquisition, snapping up Open Listings

The ambitious real estate ‘unicorn’ Opendoor just made its first acquisition, snapping up Open Listings

Opendoor a four year-old, San Francisco-based company, has from the outset intended to make it possible to buy and sell residential real estate with a few key strokes. It seemingly gets closer to that audacious vision by the day. The company closed on $325 million in new funding in June in a round that brought its total equity funding to $645 million to date — and its valuation to more than $2 billion.
JPMorgan Chase Will Commit $500 Million to Reviving U.S. Cities

JPMorgan Chase Will Commit $500 Million to Reviving U.S. Cities

Mega-bank JPMorgan Chase has spent the past five years turning neighborhoods in a handful of U.S. cities into laboratories for economic revitalization, steering financing, training and expertise to cash-starved communities. On Wednesday, it will announce plans to scale up that experiment dramatically with the AdvancingCities program—a 5-year, $500 million campaign that could expand its model to as many as 30 metro areas.
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