Top Real Estate Trends of 2022 & 2023
Coohom
Coohom is a SaaS platform for 3D visualization and rendering. The platform's features include 2D/3D floor planner, kitchen and bath design, and custom furniture design. Coohom was founded by Jake Yap in 2011. … Read more
AirDNA
AirDNA is a company that provides research and analytics data on the short-term vacation rental industry focused on AirBnB and Vrbo. The company offers a platform for short-term rental hosts and investors with features like dynamic pricing and market research. AirDNA was founded by Scott Shatford in 2014. … Read more
Furnished Finder
Furnished Finder is an online marketplace that helps connect people with furnished apartments and houses for rent. The site offers a searchable database of furnished properties from around the world, as well as a blog with tips on furnishing and decorating. Furnished Founder was founded by Brian Page and Aaron H. in 2014. … Read more
PadSplit
PadSplit is an online marketplace startup connecting property owners who have unused space to residents looking for affordable housing. Residents rent private furnished rooms for an affordable weekly price. PadSplit was founded by Atticus LeBlanc and Frank Furman in 2017. … Read more
Cedreo
Cedreo is a cloud-based 3D home design platform for home builders, contractors, interior designers, and remodelers. The platform allows users to generate 3D renderings, create site and floor plans, and design home decorations. Cedreo was started by Mickaël Keromnes in 2005. … Read more
Houzz Pro
Houzz Pro is a paid subscription service offered by Houzz that provides access to exclusive tools and resources for home remodeling and design. The service includes a project planner, design consultation, and access to a library of professional-grade materials. Houzz Pro was launched by Adi Tatarko and Alon Cohen in 2020. … Read more
Crexi
Crexi is a Canadian real estate startup that offers a search engine and online marketplace for commercial real estate. The company provides a platform for users to search for office, retail, and industrial spaces, as well as to connect with brokers and landlords. Crexi was founded by Michael DeGiorgio in 2015. … Read more
ServiceTitan
ServiceTitan is a cloud-based software company that specializes in providing service management software to businesses in the home services industry. ServiceTitan was founded in 2013 by Ara Mahdessian and Vahe Kuzoyan and is headquartered in Glendale, California. … Read more
ADU Homes
ADU Homes or accessory dwelling units are a type of modular home that is designed to be easily assembled and disassembled. The homes are made out of prefabricated panels that can be put together in a variety of configurations. … Read more
Progress Residential
Progress Residential is a leading provider of rental homes in the United States. With a portfolio of more than 16,000 homes, the company is focused on delivering high-quality homes and exceptional customer service. Progress Residential was founded by Don Mullen in 2012. … Read more
NoBroker
NoBroker is a website that is designed to connect homeowners with homebuyers and renters without the need for a broker. The website allows homeowners to post their home for sale or rent and connect with potential buyers or renters. NoBroker was founded by Amit Kumar Agarwal, Akhil Gupta, and Saurabh Garg in 2014. … Read more
Vacasa
Vacasa is a company that provides vacation rental properties all over the world. The company offers a variety of properties, from cabins to villas, and caters to a variety of budgets. Vacasa was founded by Eric Breon and Cliff Johnson in 2009. … Read more
Barndominium
A barndominium is a structure that is a mix of a barn and a condominium. The structure is typically a metal barn that has been converted into a living space, and can be used as a primary residence, a guest house, or a studio. … Read more
Hybrid Home
A hybrid home is a home that is designed to be more energy-efficient than a traditional home. The home may have features such as solar panels, energy-efficient appliances, and insulation that helps to keep the home warm in the winter and cool in the summer. … Read more
Monthly Airbnb
Monthly Airbnb is a trend of people using Airbnb for extended stays, usually a month or more. This is often done as an alternative to traditional long-term leases, as it can be more affordable and offers more flexibility. … Read more
Trend Highlight – Wholesaling
Wholesaling is a growing side hustle that is a lower-barrier-to-entry version of brokering real estate deals, and one where the participants are using incredibly scrappy marketing strategies.
Putting signs around town that read "buy houses for cash" often get removed by county officials. A talked-about strategy to get around this is to put signs out every Friday night and remove them again every Sunday night, avoiding the times when officials are on-duty.
The way it works is straightforward: People sometimes want to offload their real estate quickly and so wholesalers will sign a contract agreeing to buy the property. They'll then take on the burden of finding a buyer who will pay more than they agreed to pay. After they find a buyer, the wholesaler can then reassign the contract to them and pocket the difference. This allows the wholesaler to earn money from the sale without having to invest anything upfront, as the seller doesn't require payment until after the deal closes.
This trend has accelerated since the start of the pandemic alongside nearly all other side hustles: people have started small businesses, freelance side projects, and are day-trading are rates far above average.
These transactions are a way to unbundle the house-flipping business. Instead of having the same person specialize in finding distressed properties, fixing them up, and then selling them, the wholesaler only handles the initial transaction.
It makes sense to separate this, because selling a run-down home is harder than selling a recently-renovated one. Identifying the right property and negotiating with the owner is a distinct skill from actually fixing them home. This model is also popular because it's asset-light: since the buyer doesn't plan to close on the transaction, they don't need as much equity to get started. This makes it an especially appealing model for people who have time but not money.
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