By KIMBERLEY HAAS
The CEO of a real estate technology company that helps homeowners buy a new house before they sell theirs says an equity crowdfunding campaign they launched last month has been well received.
Sean Black, who co-founded Knock with Jamie Glenn and Karan Sakhuja in 2015, said during a recent interview with The Mortgage Note that the timing seems to be right for this venture.
Black and Glenn were on the founding team at Trulia, which went public on the NYSE and was acquired by Zillow in 2014 as part of a $3.5 billion stock-for-stock transaction. Back then, individuals couldn’t invest in these companies until they went public.
“Crowdfunding regulation has matured quite a bit in the last…
The Mortgage Note’s team has been tracking national trends and the ways companies are working to attract buyers and sellers to the market this spring.
Editor Kimberley Haas interviewed industry leaders to learn more about what they are seeing and what products are being offered for this podcast.
If you would like to participate in future episodes, please email us at [email protected].
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Most housing markets still favor sellers despite increasing buyer-friendliness, especially in more affordable markets in the South and Midwest. Knock’s Buyer-Seller Market Index found that 71 of America’s 100 largest housing markets still remain seller’s markets. “Although the general consensus is the housing market is undergoing a much-needed reset, which is welcome news to many home shoppers who will have more choices and less competition for the foreseeable future, not all markets are seeing the same trends,” said Knock Co-Founder and CEO Sean Black. “In reality, there’s a great housing divide taking place in the U.S., especially in the East and South, where despite a slowdown in sales and slower home price growth, many markets continue to favor sellers.” Fayetteville,…
