Five Ways Proptech Is Changing How We Live
March 29, 2022
We’ll monetize homes beyond the mortgage
Home prices are rising, and finding homes has gotten more difficult even for renters. Many people found themselves house-rich but cash-poor in the pandemic, and want to pull money out. Companies such as Point, Unison and Hometap buy, say, 10% of a home to provide access to cash as an alternative to a loan.
Others have trouble just buying a home with the soaring pandemic demand. Upstart rent-to-own companies like Divvy Homes and ZeroDown provide a different path to homeownership for consumers. As interest rates rise, those alternative financing arrangements may draw more interest.
This article originally appeared on Protocol.com. Read the full article here.