The convenience of digital payments has extended to the rental market, with tenants increasingly opting for instant rent refunds through digital channels. According to a recent PYMNTS Intelligence study, digital options for paying rent have become commonplace, and now tenants are seeking the same convenience for...
Pennsylvania Real Estate Investment Trust (PREIT), a prominent mall owner in the eastern United States, filed for bankruptcy for the second time in three years, highlighting the challenges faced by mall owners in the current retail landscape. The company is seeking to shed $880 million...
An increasing number of Americans have realized the dream of owning a home without the burden of a mortgage. Nearly 40% of homeowners in the country now own their homes outright, marking a record high in mortgage-free ownership as of 2022, Bloomberg reported Friday (Nov. 18). This...
Private-equity firm TPG has made a significant move into the vacation rental market by acquiring single-family homes in Florida and offering them for nightly rentals similar to Airbnb. Unlike other private-equity firms and institutional investors, TPG has opted for short-term rentals instead of longer lease...
Roam launched a service that helps homebuyers secure home loans as low as 2% through the mortgage assumption process. The debut comes as the company has secured a $1.25 million seed funding round, the company said in a Wednesday (Sept. 13) press release. Roam aims...
FinTech firm ebankIT, in collaboration with Home Trust, launched a digital platform to offer seamless and integrated user experiences to Home Trust’s mortgage clients, according to a Tuesday (Sept. 5) press release announcing the launch. The new Home Digital experience, powered by ebankIT’s omnichannel banking...
Real estate firms realize that adopting faster payment methods can help forge stronger vendor-supplier partnerships, which play a critical role in shaping the industry’s business-to-business (B2B) payments landscape. In fact, 90% of those surveyed plan to start receiving payments in real time within the next...
In today’s digital era, it seems almost quaint that an industry as essential as real estate relies so heavily on paper checks, given current rates of mailbox fraud and other uncertainties such as delivery reliability. However, the continued use of old-fashioned — some could say outdated — payment methods...
Finding an Airbnb in New York City is getting more challenging. That’s because hosts are scrubbing listings to comply with a city-imposed deadline, while the company is moving to prevent future bookings, The Wall Street Journal reported Tuesday (Aug. 22). Hosts are scrambling to be...
