Notably, these are all themes that play into the current real estate market climate, characterized by higher lending costs, lower affordability and fewer homeowners opting to sell and move. It's a sharp contrast to funding trends from a few years ago, an era of low rates and active sales. This situation has given rise to a spree of startup investment activity around offerings for homeowners looking to withdraw some cash from their properties. In addition, we're seeing funding around other tools to simplify homebuying and selling in a challenging financing environment. !function(e,n,i,s){var d="InfogramEmbeds";var o=e.getElementsByTagName(n)[0];if(window[d]&&window[d].initialized)window[d].process&&window[d].process();else if(!e.getElementById(i)){var r=e.createElement(n);r.async=1,r.id=i,r.src=s,o.parentNode.insertBefore(r,o)}}(document,"script","infogram-async","https://e.infogram.com/js/dist/embed-loader-min.js"); The biggest round by a long shot came this month for Splitero, a startup focused on home equity investments, which provide homeowners with cash in exchange for a share of their home's future value. The San Diego company landed a $300 million strategic investment from funds managed by Antarctica Capital....
In tandem, the share of renter households is on the rise, and the number of home sales on the decline. Existing homeowners are largely staying put, and would-be homebuyers are finding few desirable, nonexorbitant options. These market shifts mean more bad news for real estate unicorn startups funded during the boom cycle a few years ago. We're seeing this play out with collapsing share prices of several that made it to the public market, such as Opendoor, Offerpad and Better.com. Startup investors have also cut back on new real estate-related financings. So far this year, U.S. companies in sectors tied to real estate 1 have raised $3.5 billion in investment across funding stages. That puts 2024 on track to deliver the lowest funding tally in years, as charted below. !function(e,n,i,s){var d="InfogramEmbeds";var o=e.getElementsByTagName(n)[0];if(window[d]&&window[d].initialized)window[d].process&&window[d].process();else if(!e.getElementById(i)){var r=e.createElement(n);r.async=1,r.id=i,r.src=s,o.parentNode.insertBefore(r,o)}}(document,"script","infogram-async","https://e.infogram.com/js/dist/embed-loader-min.js");...
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A licensed architect in her hometown of Tehran, Iran's capital, Ghasemlou enrolled at MIT to pursue her interests in sustainability and inclusion in the fields of architecture and real estate development. Now, after managing visa and travel issues that required her own superhero-like determination, she's halfway through earning a master of science in real estate development (MSRED) from the School of Architecture and Planning's Center for Real Estate (CRE). This fall, she will be working with lecturer Jacques Gordon, CRE's former 'executive-in-practice,' on a thesis involving portfolio management. Throughout her time at MIT, Ghasemlou has enjoyed her program's balance of economics, technology, sustainability, and design. She says the curriculum has supported and challenged her in equal measure, but above all, she appreciates the program's emphasis on financial, social, and environmental responsibility. It hasn't been an easy journey. Visa issues, scholarship rejections, and thousands of miles stood between her and MIT, and the challenges didn't end when she did get to campus, halfway around the world from her home and family. She beat all those odds, however, and is ready for whatever the future brings....
