TestFit receives $20M to enhance construction feasibility solution

TestFit’s interactive, AI-powered real estate feasibility software consolidates data from multiple phases of construction preplanning, to arrive at groundbreaking weeks ahead of what traditional methods allow. Continue reading

Spencer Rascoff: Housing demand ‘has fallen off a cliff’

The former Zillow CEO said the rising cost of mortgages has cooled demand for homes, adding that he hopes in 2023 the Fed will be able to stop raising interest rates. Continue reading

25V launches fund to back minority-led proptechs

The San Mateo-based 25V Diversity Fund, a 10-year fund, will help reveal to the industry opportunities shrouded by traditional venture capital community bias. Continue reading

Where legacy brands stand when proptech falters

As the market turns, investor interest in new industry disrupters may be waning. At Inman Connect Now, Clelia Peters and Nick Bailey explore where that leaves traditional brands. Continue reading

After $5M investment, Here wants to be everywhere people vacation

Here is offering investment opportunities in vacation properties located in the popular, family-oriented destinations of Big Bear, California; Clearwater, Florida; and Gatlinburg, Tennessee. Continue reading

Investor interest in real estate tech is beginning to wane, new study says

It’s been a banner year so far for proptech companies. But there are early signs that investors may be starting to pull back, according to the Center for Real Estate Technology & Innovation. Continue reading

Stake secures $12M in Series A funding to incentivize renters

Stake, which offers banking services and cash rewards to renters for being proactive in their occupancy, has secured a Series A funding round of $12 million. Continue reading

Flat-fee HomeLister to use Series A funding for national expansion

Already in 17 markets, the alternative sales platform secured $10 million in a Series A round led by M13 and Homebrew. It’s the second flat-fee or discount service to earn financing this month, joining HomeLight. Continue reading

Mortgage Coach and Sales Boomerang merge under new CEO

Richard Harris, a veteran of SparkPost, Oracle and AddThis, will lead the merged company, which said it will employ 144 people with no layoffs anticipated. Continue reading

Proptech investor Paul Hurst sees a ton of opportunity in market shift

The problems that proptechs are trying to solve — inefficiencies in real estate transactions — remain, said Parker89 Managing Director Paul Hurst, while speaking at Connect Now. Continue reading