Dwelly, a United Kingdom-based artificial intelligence (AI)-enabled startup that offers a rentals and property management marketplace, added 1,000 properties to its portfolio with its acquisition of Lime Property, an estate agency in Hull. “By merging Lime Property’s deep local expertise with our technology-driven approach, we’re...
Airbnb says New York City’s short-term rental law hasn’t done its job. “In the wake of stringent measures, consumers are instead facing all-time high hotel prices and residents facing all-time high rents,” the company wrote on its blog Tuesday (Sep. 3) as it called on the city to...
Real estate technology platform HomeLight has raised $20 million of new funding to help expand its bridge loan product that helps homebuyers unlock equity from their existing home. This financial product, Buy Before You Sell, has been expanded to 40 new states and is now operating in a...
Indigo launched its artificial intelligence (AI)-powered platform for buying and selling homes in Charlotte, North Carolina, with participation by leading real estate agents and teams. The platform will be expanded to additional markets in the coming months, Indigo said in a Thursday (Aug. 15) press...
Earlier this year, PYMNTS Intelligence estimated that for consumers, and especially for paycheck-to-paycheck consumers, the cost of housing has been taking a significant chunk out of households’ take-home pay. In fact, as noted in this recent column penned by Karen Webster, paying to keep the...
Digital innovation is only as good as the customers it serves. Look at Amazon. Look at Netflix. But those are the most valuable players in the relatively short lifespan of the innovation storm that surrounded the advent of the internet and then the opening of...
The Financial Stability Oversight Committee (FSOC) is encouraging state and federal regulators and Congress to do more to enhance the resilience of nonbank mortgage companies (NMCs). The agency did so in a report released Friday (May 10) that also identifies risks in this sector, the FSOC said in a press...
Beyond the financial cost, purchasing a home can be an extremely complex and time-consuming process. From researching listings to seeking financing and appraisals, buyers find themselves juggling and coordinating multiple different tasks before closing a deal. However, the advent of digital tools and platforms has...
Qira has added security deposit payment plans to its financial services platform for renters and property managers. With this new offering, property managers can let their renters choose between using a zero-deposit program for a fee, paying the full security deposit as a lump sum...
