SPAC mania has lit a fire in the proptech world. Insiders explain why they’re a great match and what risks lie ahead.

SPACs are taking real-estate tech companies public, and real-estate companies are raising SPACs. It’s partly timing: Proptech companies are maturing at the same time as the SPAC boom. VCs said proptech, which brings new business models to an ancient industry, is well suited to SPACs. Between 2020 and 2021, almost 500 special purpose acquisition companies…

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The real reason for Arizona’s sky-high rental prices

With rents and home prices skyrocketing in the Grand Canyon State, renters received some relief as the state Legislature’s repeal of the residential rental tax went into effect on New Year’s Day. According to Arizona State University, rents have skyrocketed by 72% recently, partly because of a statewide housing shortage of over 65,000 units. Rather…

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Federal Reserve’s Bowman says further rate cuts should be gradual, cautious

By: Federal Reserve Governor Michelle Bowman said on Friday she still expects declining inflation to allow further interest rate cuts this year, but feels rising wages, buoyant financial markets, geopolitical risks, and upcoming administration policies could slow the process and keep price pressures elevated.”Core inflation remains elevated, but my expectation is that it will moderate further this year. Even…

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Secure Transactions: The Power of Virtual Data Rooms in Real Estate

Real estate transactions are complicated. They involve many people, large amounts of sensitive information, and complex legal and financial agreements. In such a high-risk environment, keeping … [wpts_spin]{Read|See} the {entire|full} article {on|about} real estate tech innovations, or, read more news about {Arizona real estate investing|real estate investing in Arizona|real estate investing in Arizona}. We {warmly…

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