RealPage, Inc., a leading global provider of software and data analytics to the real estate industry, announced that Dana Jones has been named Chief Executive Officer. Jones, who was a member of RealPage’s Board of Directors since 2019 and has over two decades of experience leading and growing...
Month: June 2021
More than 40% of Aspiring Gen Z Homeowners Plan to Buy Within the Next Five Years
Nearly half of future Gen Z homebuyers see themselves living in the suburbs Nearly three-quarters of Gen Z prefers home buying over renting long-term, with a significant number of these aspiring homeowners planning to enter the housing market within the next five years. However, as many Gen Zers...
SmartRent Reports Double Digit First Quarter 2021 Revenue Growth
New Units Deployed in the first quarter were 32,483, up 81% year-over-yearTotal Committed Units of over 600,000 as of end of March 2021Total first quarter revenue of $19.2 million, up 16% year-over-yearDeferred revenue of $64.0 million as of March 31, 2021, up 134%...
Sentiment Soars in the Real Estate Industry
Mid-Year 2021 Market Sentiment Increased 57.5 Points Leading real estate consulting firm RCLCO released the results of their Real Estate Market Sentiment Survey for Mid-Year 2021, which has tracked confidence in U.S. real estate market conditions for the past 10 years. The results...
ServiceLink Survey Reveals How COVID-19 Pandemic Spurred Shifts in Homebuying Trends
The ServiceLink State of Homebuying Report demonstrates the role of technology in homebuying and refinancing processes COVID-19 dramatically shifted the way people bought and sold homes over the last year. Like many industries, the real estate industry was forced to quickly pivot to adapt to...
Black Knight’s First Look: Number of Seriously Past-Due Loans Continues to Improve
Long Holiday Weekend Drives Up May's Overall Delinquency Rate - The national delinquency rate rose to 4.73% from 4.66% in April, driven largely by the three-day Memorial Day weekend foreshortening available payment windows - Similar occurrences are rare; the last time was in May 2004, at which...
Redfin Reports Homebuying Demand Lets Up a Bit as Prices Soar
Redfin's Homebuyer Demand Index was down 14% from its peak 9 weeks ago, and pending sales have declined 10% from their early May peak Fierce competition continues to drive home prices up, but home tours, offers and pending sales have slowed, according to a new report from Redfin...
Arrived Homes Announces $37 Million in Seed Funding and Debt Financing
Arrived is the first and only company with SEC qualified offerings allowing anyone to buy shares in individual rental homes Arrived Homes ("Arrived"), the ground-breaking real estate investing platform that makes ownership of rental properties a possibility for everyone, announced that...
Civic Financial Services Surpasses $5 Billion in Loan Originations
Private money lender hits industry milestone at record pace for business purpose loan space Civic Financial Services, a leading institutional private money lender, announced that it has surpassed $5 billion in loan originations and 12,000 funded loans since the company was founded six years ago....