Read the latest media coverage about Point and how we are making homeownership more valuable.
In the highly competitive world of proptech, Inman recognizes achievements of the companies and leaders changing the residential landscape.
Redwood Trust and home equity fintech lender Point have closed on a $139 million bond secured by 1,577 home equity investment (HEI) contracts. The two companies issued the first-ever securitization backed entirely by HEIs in 2021, a bet that rising home-price appreciation can benefit consumers in the short-term and investors in the long-term.
U.S. homeowners have more than $29.3 trillion in home equity–a 64% increase compared to the same time five years ago, yet many aren’t able to see these gains until they sell their homes. Homeowners have typically turned to traditional forms of financing, such as a cash-out refinance or a home equity line of credit (HELOC), to access their home equity for things like home renovations, starting businesses, or paying off higher-interest debt.
A novel way of helping Americans tap into their $32 trillion of home equity is gaining steam in the era of high rates. The method: Companies give owners cash up front in exchange for a stake in the appreciation of their homes. Homeowners don't make principal and interest payments, bypassing mortgage rates...
Rising real estate wealth juxtaposed by alarming inaccessibility - exploring the barriers keeping Americans from their home equity treasure trove.
Even a small shift in mortgage rates could make a big difference to home affordability
The past year hasn’t been particularly good for tech or housing. As a consequence, the number of real estate, mortgage and general housing tech firms to make the annual Inc. Magazine list of the 5,000 fastest growing private companies in America declined in 2023. In all, 37 companies made the cut this year, down from 53 a year ago.
For homeowners seeking alternative ways to access the equity in their homes without taking on additional debt, home equity sharing is a great option.
A Home Equity Line of Credit (HELOC) offers homeowners a flexible, revolving source of funds based on their home equity, often with lower interest rates compared to other loans. While it allows for large sum borrowings and has extended draw and repayment periods, the variable interest rates tied to market conditions and potential negative impact on credit scores from maintaining high balances are notable drawbacks.
Investors are eying 2023 and 2024 as prime opportunities amid a market still finding its footing, Point co-founder Eddie Lim told Intel in an exclusive interview
If you’re thinking about finding a new place to call home this year, you’re not alone. According to home equity investment company Point, 22 percent of homeowners want to move before the end of 2023. And Redfin data from the fourth quarter of 2022 showed that a record 24.6 percent of its users were looking to relocate to a new city.
Due to industry-wide challenges in 2022, numerous proptech employees were laid off. As a new year approaches, these workers are seeking new opportunities. Insider has curated a list of promising proptech startups poised for future success.
The market isn't done falling but could soon stabilize, according to a survey of real estate executives and economists conducted by Point.