Technology

Overstock.com moving into the real estate industry

The online retailer is launching a property management site with hopes of becoming a one-stop shop for the real estate market
Overstock.com is breaking into the real estate market. The online retailer will begin to manage properties for landlords of single-family rental properties and multifamily housing developments via its new property management site, Houserie. Overstock purchased Houserie back February in preparation for its bid to become a one-stop real estate shop.
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Monday Morning Cup of Coffee: Are cities finally fed up with Airbnb wiping out local housing?

Plus, the CFPB opens a new office, regulatory sandbox for fintech development
Are cities over Airbnb? Looks like it. Last week, two city councils voted to limit the online home rental services activities in their cities, the latest in a series of moves to reign in the company, which some say are aggravating the housing crisis. That, plus more about the CFPB's new office in your Monday Morning Cup of Coffee.
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More executive changes at Equifax: Former interim CEO to lead U.S. information business

Paulino do Rego Barros will take over U.S. Information Solutions division
It’s been a bit of a revolving door amongst senior management at Equifax ever since the massive data breach that exposed the personal information of nearly 148 million U.S. consumers to hackers was first disclosed. And it looks like the company isn't done making changes yet.
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Give the people what they want: RealPage to offer free apartment data on its website

Company will offer continuously updated rent and occupancy data for free
For no charge, RealPage is offering its rent and occupancy data on millions of U.S. apartments for free, citing the importance of data to due diligence and competition in the multifamily market. Visitors can access the data through the "Explore" feature on RealPage's website.
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Zillow expanding direct homebuyer program to Atlanta

Home sellers in Atlanta will soon be able to sell directly to Zillow
Homeowners in Atlanta will soon have a new outlet when it comes time to sell their house – Zillow. Beginning in the fall of this year, Atlanta homeowners will be able to sell their home directly to Zillow, if they so choose. The move into Atlanta is an expansion of Zillow’s direct buying program, Zillow Offers, which the company launched earlier this year.
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Roofstock acquires single-family rental management platform

Roofstock buys Streetlane Homes to increase its property management capabilities
Roofstock is moving to expand its market share in the single-family rental realm. The company just acquired SFR management company Streetlane Homes with the goal of expanding into new markets with the acquisition and accessing more institutional investor clients.
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RealPage launching platform to help turn empty apartments into short-term rentals

KigoHospitality will help landlords looking to use 5 to 30 units as short-term rentals
RealPage subsidiary Kigo, a vacation rental booking and management platform, is a launching a new program targeted at managing short-term rentals in multifamily properties. The launch of this product comes at a time when short-term rentals are a hot-button topic for the industry, and while some multifamily entities are against short-term rentals, RealPage is leaning into the issue.
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Mortgage tech company Alight rebrands as Riivos

Plans expansion into more industries
Alight, the parent of Alight Mortgage Solutions announced it is rebranding as Riivos. The tech company, which currently holds brands in the mortgage and mining industries, announced the rebranding reflects its success in these two industries, and its intentions to expand into life sciences and the oil and gas industries later this year.
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