Getmomo has partnered with Vereinigte Volksbank Raiffeisenbank (VVRB) to underwrite tenants. With this collaboration, the Berlin-based vertical payment platform for real estate and the German bank provide an alternative to the traditional cash deposit, the companies said in a Thursday (March 2) press release. “With almost 30 billion euros...
Are malls the canary in the commercial real estate coal mine? A recent Bloomberg News report warns that the collapse of the American mall industry could be near, and could portend a wave of commercial real estate defaults that extends to office spaces hit by...
Increasingly, having a room of one’s own — an affordable house or rental — feels out of reach. In the most recent monthly PYMNTS gauge of consumer sentiment: “Rising Housing Costs Deflate Economic Optimism,” we found that the share of consumers who feel it is...
Consumers’ financial well-being has been strained as housing costs outpace both inflation and wages. PYMNTS’ most recent “Consumer Inflation Sentiment” report examines this issue across age and income demographics as owning or renting on one’s own becomes increasingly out of reach for many Americans. The share...
Inflation’s impact on the affordability of housing is putting the American dream of home ownership further out of reach for more consumers, with even renting now outpacing the financial realities of more people. PYMNTS has assiduously tracked the effects of inflation from the start of...
As homebuilding slows down, one D2C startup says it’s just finding its niche. In an interview with PYMNTS, Alec Hartman, co-founder and CEO of direct-to-consumer (D2C) homebuilding site Welcome Homes, which recently announced a $29 million Series A funding round, spoke to the opportunity the...
Mortgage costs relative to income in the United Kingdom have risen to their highest level in years. The latest data published by mortgage lender Nationwide Building Society Friday (Jan. 13) revealed that in the final quarter of 2022, first-time buyers were spending on average 39%...
A weak pound sterling is making London a prime target for GCC real estate investing. And there are plenty of banks in the city ready to help citizens of Gulf Cooperation Council (GCC) countries seize the opportunity. While GCC nationals have long made up a...
Anticipating a housing market downturn that will stretch into next year, online real estate seller Redfin is laying off 13% of its staff and shuttering its home-flipping service RedFinNow. The layoffs will affect 862 people, CEO Glenn Kelman said in an email to employees Wednesday...
