Weekly Radar #303: Ideas Are Everything?, Freddie Mac Goes For Seconds, A Material Question
In this week's Weekly Radar, we cover:
- Freddie Mac's proposal to enter the secondary mortgage market by purchasing second mortgages has received support from Wall Street analysts and fintech startups like Point, Figure, and RenoFi, but also raises concerns about potential risks reminiscent of the 2008 financial crisis.
- There is a growing potential of novel construction materials like carbon-negative concrete from Brimstone, recycled lumber from Urban Machine, and hemp insulation from Hempitecture to enhance sustainability amidst tightening global regulations.
- While Opendoor's "Offer Mobile" truck initiative in Nashville is likely to fail, similar to Zillow's 2017 attempt, large branded rigs can be effective as a community-building tool.
- In 2024, AI has made execution effortless, placing the value on ideas, including startup, distribution, and creative concepts, however traditional business challenges and human-driven tasks remain critical.
- Common, once North America's largest co-living company, will be liquidated under Chapter 7 due to financial pressures, reflecting broader challenges in the co-living sector.
- The GEM Proptech Index had a combined market cap of $232.468B, a 0.45% increase from the previous week.
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Geek Estate Blog Recap:
Next Gen Applications for Home Investment Optimization
[Note from editor: The “Mastermind Showcase” highlights companies and news from members of GEM Diamond. Today’s showcase: Kukun]Kukun is a real estate data, analytics, and applications platform solving the client loyalty challenge that the real estate and mortgage industries face. The company provides proprietary data…
Geek Estate Team
2025 REACH Canada Applications Now Open
REACH operates a variety of accelerator programs around the globe, created and operated by Second Century Ventures and backed by NAR. The program offers education, mentorship and exposure for technology companies working to scale their businesses across residential and commercial real estate markets and expand…
Geek Estate Team
GEM Diamond Group Mastermind: Adoption through Broker/Franchise Partnerships
Rolling into summer filled with sunny weather and family vacations means fewer people will be out on the industry circuit connecting in person (myself included). Between now and the busy fall travel season, we’ll be curating more virtual events for the GEM Diamond membership base.…
Geek Estate Team
Pay-at-Close Home Prep Credit Line in Your Pocket
[Note from editor: The “Mastermind Showcase” highlights companies and news from members of GEM Diamond. Today’s showcase: Notable] Notable provides a pay-at-close line of credit to home sellers, helping them prepare their homes for the market to get a higher ROI. This service allows sellers…
Geek Estate Team
Meet the 2024 Equity Angels Cohort
An accelerator program for companies started by entrepreneurs of diverse demographics providing professional mentorship, fractional executives, and fundraising preparation, Equity Angels announced the 4 companies in their first cohort: Upfront: Provides exclusive financial solutions for brokers to attract and retain top agents. The Studio Home: Leverages…
Geek Estate Team
Transmission Recap:
This week, Drew Meyers explores how Demi’s composting solution for urban multi-family residences could help lead to a food waste-free world. Most recently, Nate Smoyer detailed how creating tailored tools & templates can boost organic traffic and lead generation, positioning your products as a natural next step.