Top markets for affordable renovated housing inventory

Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at auction.

HousingWire Magazine: December 2021/ January 2022

AS WE ENTER A NEW YEAR, let’s look at some of the events that we can look forward to in 2022. But what about what’s next for the housing industry?

Mortgage Tech Virtual Demo Day

Tune in to our live Virtual Demo Day on December 1st at 10am CT to experience demos from the most innovative tech companies in the Servicing, Audit and Post-Close space.

Logan Mohtashami on Omicron and pending home sales

In this episode of HousingWire Daily, Logan Mohtashami discusses how the new COVID variant, Omicron, will impact inflation and whether or not it will send mortgage rates lower.

Real Estate

Redfin-owned firm RentPath names new CEO

Rental listings from RentPath should be displayed on Redfin.com in late 2022

RentPath, a Redfin company, has appointed former ParkMobile CEO Jon Ziglar as chief executive officer, effective August 16.

Ziglar will oversee the integration of RentPath’s rental listings onto Redfin’s main site, while working with both property managers and consumers, according to Glenn Kelman, Redfin’s CEO.

Rental listings from RentPath should be displayed on Redfin.com in late 2022, the company said.

“Hiring a CEO of Jon’s caliber is a major commitment from Redfin to the home-rental market,” Kelman said in a statement.

During Ziglar’s tenure at ParkMobile, the business grew its customer base more than 800%, according to Kelman. The company also expanded its products to include event and airport reservations, electric vehicle charging and toll payments.


How lenders can attract the next generation of homebuyers

In today’s housing market, lenders need to make sure they’re staying competitive. One way to do that is by offering a digital lending process’ that attracts borrowers across all generations, regardless of their credit score and finances.

Presented by: Equifax

“His experience running a marketplace that connects millions of consumers with enterprise customers is particularly relevant to RentPath, whose core business is connecting people looking for long-term home rentals with property owners and managers looking for prospective tenants,” Kelman said.

Prior to working at ParkMobile, Ziglar held executive roles at Ceridian, Elavon, and Raymond James, among other companies.

“Using technology, we’re making the entire rental journey more efficient, from search, to application, to payments, to day-to-day communication and support,” Ziglar said in a statement.

RentPath, based in Atlanta, was almost bought by CoStar Group earlier this year, but the deal fell through due to antitrust objections from the federal government. At the time, CoStar had agreed to pay $587.5 million to acquire RentPath.

Redfin then swooped in, agreeing to pay $608 million in cash to acquire the company despite RentPath’s $650 million bankruptcy restructuring. It’s only the second acquisition Redfin has made since its founding in 2004.

RentPath owns the ApartmentGuide, Rent.com, Rental.com and Lovely residential rental websites, which averaged 16 million monthly visitors in 2020 and saw 26% year-over-year organic visitor growth.

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