Rent and Mortgage Rewards Company Bilt Valued at $3.1 Billion

Bilt Rewards (“Bilt”), the leading loyalty platform specializing in rent and neighborhood rewards, today announced a $200 million equity investment, led by General Catalyst, with significant contributions by Eldridge, alongside existing investors Left Lane Capital, Camber Creek and Prosus Ventures. This catapults the company’s valuation to $3.1 billion. Bilt welcomes Ken Chenault as Chairman of itsContinue reading “Rent and Mortgage Rewards Company Bilt Valued at $3.1 Billion”

Zillow Launches New Credit-Building Payment Reporting

Zillow is introducing a new feature that allows renters who pay their rent on Zillow to have their on-time payments reported to a major national credit bureau at no cost to them. This is a first for any online rental marketplace, offering a unique opportunity for renters to build credit through regular rent payments atContinue reading “Zillow Launches New Credit-Building Payment Reporting”

Every 10th Home Sold in Q1 2022 was a “Flip” – Highest Since Year 2000

The popular concept of buying a house, fixing it up and reselling it for a profit has grown so much that it apparently now accounts for almost 10% of all home sales in the United States, according to a report by Attom Research. What is House Flipping? House Flipping (also called Fix and Flip) isContinue reading “Every 10th Home Sold in Q1 2022 was a “Flip” – Highest Since Year 2000″

Single Family Rental Housing Fractional Ownership Investment Platform – Arrived Raises $25 Million

A Seattle based startup called Arrived Homes, just raised another $25 Million from some big name investors to help regular people invest in single-family rental properties through fractional ownership for as little as $100.  The new Series A funding is meant to continue their growth goals and included investors Forerunner Ventures, Bezos Expeditions (Jeff BezosContinue reading “Single Family Rental Housing Fractional Ownership Investment Platform – Arrived Raises $25 Million”

What Does Rising Mortgage Rates Mean For Rental Property Owners – The Good & The Bad

What Happened? Average 30-year fixed-rate mortgage interest rates have gone up this year from 3.375% in April 2021 to currently 5.11% as of April 2022. This was due to the Federal Reserve voting in March to start lifting its benchmark federal-funds rate by a quarter percentage point to a range between 0.25% and 0.5%. ThisContinue reading “What Does Rising Mortgage Rates Mean For Rental Property Owners – The Good & The Bad”