With mortgage rates on the rise, the U.S. residential real estate market has entered a period of transition after some of its best years on record. Will this transition lead to reduced investment in the innovation that has transformed mortgage finance and spawned a variety of new business models in recent years?
In April, First American Chief Innovation Officer Paul Hurst participated in a panel discussion at Inman Connect in New York, discussing the shifting capital environment for public and private proptech companies. Hurst offers some highlights from the panel discussion, discusses what the re-rating of proptech valuations means for the pace of real...
With mortgage rates expected to remain low by any historical standard and the ongoing millennial-driven wave of home-buying demand, housing market potential is poised for further growth in 2021. At the same time, the pandemic-driven acceleration of the adoption of a more digital home-buying experience only seems to intensify. Competition across...
Momentum toward the digital transformation of residential real estate transactions has been building for several years and has only accelerated amid the coronavirus pandemic, and now the foundations for a more digital commercial real estate transaction are emerging. The benefits of a more digital real estate transaction – an enhanced closing...
Ever heard the business proverb that it’s important to play “chess, not checkers?” This turn of phrase drives at the difference between strategy and tactics. Chess was once perceived as the height of human strategic thinking, and so when IBM’s Deep Blue supercomputer defeated chess grandmaster Gary Kasparov in 1997, many declared that human...
The pandemic has challenged businesses and organizations in the United States and around the world to adapt and innovate rapidly. Faced with the urgent need to protect employees, customers, and the larger community, these creative solutions reveal a spirit of innovation and a willingness to overcome traditional limitations to provide safe and...