Divvy Homes

Only Half Of Non-Homeowners Think They Will Be Able To Afford One

Posted on by TMN Editor
Only about half of American non-homeowners are confident they’ll be able to own one someday, a sign that the affordability crisis is taking its toll on potential buyers. A new survey conducted by OnePoll on behalf of Divvy Homes found that, of 2,000 respondents, just 53% are confident they can own a home one day. Another 40% believe a lottery win is the only way they can afford a home, while others said they’d need to inherit money (26%) or marry rich (19%). “A majority of aspiring homebuyers feel that homeownership is always just beyond their reach, that the ‘American Dream’ of homeownership is slipping away, and that it would take luck, extraordinary circumstances, or a serious change in the…

Divvy Homes Joins zavvie’s Brokerage Marketplace

Posted on by TMN Editor
Divvy Homes and zavvie have teamed up to bring Divvy’s rent-to-own program to zavvie’s expanded brokerage marketplace, the companies announced in a statement. Divvy Homes, a property-technology startup valued at $2 billion, provides a rent-to-own buying option to real estate brokers and agents. Through the program, buyers pay rent on a home to Divvy, part of which is put aside to save for a downpayment. When buyers have saved enough for a 10% downpayment, they can then buy the home from Divvy. The program is currently available in 16 major metros. “The path to homeownership is more challenging today than ever before,” said Divvy Homes Co-Founder and CEO Adena Hefets. “Divvy is leveling the playing field by accelerating one’s ability…