The White House says three major housing platforms have agreed to provide more transparency to prospective renters. Zillow, Apartments.com, and AffordableHousing.com will begin giving consumers the total of upfront cost of rental properties, President Joe Biden’s administration said Wednesday (July 19) as it announced its latest initiative to tackle “junk...
KeyBank has launched a homebuyer assistance program for underserved communities. The new KeyBank Neighbors First Credit program provides credits of up to $5,000 to help homebuyers in underserved communities in Florida and the 15 states in which the Cleveland-based bank has a retail footprint, KeyBank said...
Regional banks may not be out of the woods just yet. Speaking at last week’s Bloomberg Invest conference, Soros Fund Management Chief Executive Officer Dawn Fitzpatrick warned that a credit “contraction is invariably coming” and that other banks will fold because “there are more problems under the surface,”...
Airbnb, the short-term rental platform, is taking legal action against New York City over a new law that it claims amounts to a “de facto ban” on short-term rentals. As reported Thursday (June 1) by Reuters, the law, known as Local Law 18, is set...
Hostaway has raised $175 million to expand its property management software for short-term rentals. The firm will use the new funding to accelerate its expansion and continue developing its services, expanding its offerings and improving its platform, Hostaway CEO and Co-Founder Marcus Rader said in a Wednesday (May...
Cross River Bank and paymints.io have partnered to provide flexible payment solutions for the real estate industry. The collaboration is being launched with two payment rails — ACH, including same-day ACH, and wires — and aims to help real estate stakeholders eliminate paper checks and...
Property technology company Avenue One has reportedly achieved unicorn status after raising $100 million. The funding values Avenue One at $1 billion, Bloomberg News reported Monday (May 15) , citing a source familiar with the matter. The company, founded in 2020, helps single-family landlords purchase...
Homebuying is effectively impossible. That’s according to data from PYMNTS’ February “Consumer Inflation Sentiment Report,” which is backed up by the February S&P CoreLogic Case-Shiller Home Price Indices released last week. Just in time for the traditional selling season, the market experienced only a small...
Best Egg and AppFolio have partnered to enable rent to be paid in installments. Financial wellness platform Best Egg will be integrating its Flexible Rent solution into the AppFolio Property Manager resident portal, allowing renters to divide their rental payments into installments that can be...