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.
Latest Posts
EasyKnock under fire for “deceptive” sale-leaseback practices in Massachusetts
Dec 11, 2023Massachusetts Attorney General Andrea Joy Campbell fined EasyKnock $200,000 and ordered the proptech firm to end its sale-leaseback scheme in the state.
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Ascent Software Group acquires property data collection platform Value Acceptance
Nov 28, 2023 -
OneKey MLS to use CubiCasa’s floor plan creation tools
Nov 28, 2023 -
Zillow testing major changes to Premier Agent program
Apr 22, 2022 -
Tomo raises $40M Series A, hits $640M valuation
Mar 21, 2022 -
Figure and Apollo complete ownership transfer via blockchain
Mar 17, 2022 -
Morty CEO Nora Apsel discusses the online mortgage marketplace and its journey to open access to all
Mar 04, 2022 -
Veev raises $400M to scale tech-enabled homebuilding
Mar 01, 2022 -
Rocket Mortgage aims to expedite mortgage services to local banks and credit unions
Nov 01, 2021 -
Polly to speed up loan originations with new Blend Integration
Oct 27, 2021 -
Roostify launches first of many AI-powered APIs on home lending platform
Oct 15, 2021