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
As fundraising environment freezes, power buyer UpEquity cuts staff HW+
Jun 23, 2022“Our purchase volume is strong, but our refinance volume has evaporated,” said UpEquity CEO Tim Herman. “We’re not growing at the pace with which we hired for or projected.”
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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 -
Blend lays off 200 workers as mortgage industry sputters HW+
Apr 19, 2022 -
The growing threat of phishing attacks on the mortgage industry HW+
Apr 13, 2022
