Proptech
PropTech refers to a popular trend of companies in real estate utilizing technology to disrupt the traditional real estate landscape – whether someone is researching, buying, selling, or managing a property. Similar to tech disruptors in other industries, PropTech is aimed at infusing streamlined efficiency and a faster, easier consumer experience.
Investment in PropTech has skyrocketed over recent years – from $186 million in 2011 to a record of $9.5 billion in 2021 while interest in PropTech has exploded, largely due to the COVID-19 pandemic. Notable trends that mortgage and real estate professionals should keep an eye on include growing demand for virtual home tours, eSigning becoming more mainstream, and the popularity of smart homes.
For even more coverage of the intersection of real estate and tech, visit finledger.com.
Latest Posts
Knox Financial to expand loan products with $50 million in funding HW+
Jun 29, 2022Knox Financial will expand its lending business and loan products with $50 million in funding it received from a real estate advisory firm.
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Patrick Dodd no longer ‘interim’ CEO of CoreLogic HW+
Jun 27, 2022 -
As fundraising environment freezes, power buyer UpEquity cuts staff HW+
Jun 23, 2022 -
DocuSign CEO steps down as growth slows HW+
Jun 21, 2022 -
Proptech HomeLight raises $115 million, acquires Accept.inc HW+
Jun 16, 2022 -
Proptech Parcl offers real estate investing without liquidity HW+
May 18, 2022 -
SoftPro announces Notarize integration HW+
May 05, 2022 -
The Agency swoops into New York, buys Triplemint HW+
May 03, 2022 -
The crypto mortgage is the new kid on the block HW+
Apr 26, 2022 -
How Blend plans to survive a shrinking mortgage market HW+
Apr 22, 2022 -
Zillow testing major changes to Premier Agent program HW+
Apr 22, 2022 -
Redwood Trust reveals five new VC deals HW+
Apr 19, 2022