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Tag: Housing Affordability

Algorand Ecosystem Grows, How Vesta Equity Will Enable Homeowners To Tokenize Their Real Estate

Algorand (ALGO) trends lower with the rest of the crypto market. Larger cryptocurrencies, like Bitcoin and Ethereum, broke below critical support and seem at risk of future losses unless liquidity comes up at current levels. Related Reading | Algorand Foundation Names Former JP Morgan Executive as CEO, ALGO Soars 10% As of press time, Algorand (ALGO) trades at $0.76 with a 3.7% loss in the past 24-hours. On higher timeframes, the cryptocurrency records a 20.5% loss in 30 days and a 35% loss in one year. Despite the recent bearish price action, the Algorand ecosystem continues to expand. Recently, the network saw the launch of Vest Equity. Created as an NFT platform, this project runs on Algorand with the objective of providing real estate owners with more power over their assets. The platforms enable users to tokenize a property and “easily” offer a portion on the market. The platform has the additional objective of letting users benefit from the value of their properties, turning them into tokenized digital assets. At the same time, Vesta Equity: (…) simultaneously advancing housing affordability, economics, and frictionless investor accessibility to residential real estate. Vesta Equity offers users access to a native marketplace which removes friction from the process of transacting with real-estate-backed NFTs. The platform has a catalog of properties, price ranges, addresses. In addition, an owner or potential investors looking to purchase a portion of this Algorand backed NFTs can view the percentage of equity available, of equity listed, and equity sold. Other features of the property are visible, as seen below. Vesta Equity is user-friendly and provides additional data as the property value forecast for up to 30 months, and its home price index (HPI) to estimate the property’s potential value over the coming years, and its expected returns. Algorand To Disrupt $23.6 Trillion Real Estate Market? The Algorand based platform attends to automatize and remove third-party intervention from the real estate sector by leveraging the power of NFTs. Thus, providing users with more access to property investments. Michael Carpentier, CEO, and Co-Founder of Vesta Equity said the following on the project: Imagine a world where with a few clicks of your mouse you can access the entire accumulated value of the equity in your home without incurring debt or selling and moving. At the other end, investors can participate by purchasing into the future appreciation of the property and build a portfolio of real estate assets like they do with stocks. Imran Rahaman, COO at Vesta Equity, called the launch of the platform an “innovation” in the home equity sector. In addition, Rahaman believes the project is a new use case align with the ultimate goal of blockchain technology: we become an example of a company using blockchain for what it was designed: to remove friction from traditional exchange of value systems, and to open up new financial opportunities for people everywhere. Related Reading | Algorand, Solana, And More Lead List Of Biggest Losing Altcoins The Algorand network also revealed improvements to its mainnet with the expansion of smart contract functionalities. Users will now be able to benefit from contract-to-contract calls, and a new component called Falcon Keys designed at advancing the network on its towards “trustless cross-chain interoperability”.

A controversial home-ownership model is gaining steam again in L.A. — with a twist

The shared-ownership model, called tenancy-in-common or TIC, raised uproar in L.A. for displacing renters. Can one developer fix its tainted past?

Why we bought in one of QLD’s most affordable regions

They have moved all over Australia with the RAAF, but this family have all but eliminated their mortgage after buying in this regional Queensland city. And its just minutes from the CBD.

The post Why we bought in one of QLD’s most affordable regions appeared first on realestate.com.au.

People Prefer to Live in Cities with Legal Cannabis by a Wide Margin According to New Redfin Survey

In October 2021, a survey by Redfin, a real estate brokerage firm, revealed that 46% of respondents said they would “prefer to live” or “will only live” in an area where cannabis has been legalized. Meanwhile, 22% of respondents said they “would not” or “prefer not to” live where cannabis was allowed only for adult use. Redfin adds that cannabis policies are indeed significant factors considered when people decide where to move to but there are also other considerations. “People take the politics of a place into consideration when deciding where to move, but the truth of the matter is that other factors including housing affordability and access to jobs and schools take priority,” explained Taylor Marr, Redfin Deputy Chief Economist

‘Gimme Shelter’: What to expect in California housing in 2022

How will the California housing market change and how will state and local officials respond to continuing affordable housing challenges in 2022.

Homebuilder confidence drops for the first time in four months, as inflation hits materials

Homebuilders are facing rising costs for materials and labor, causing the first drop in builder confidence in four months.

Newsom’s latest housing fix: More Californians living downtown

The governor's new budget blueprint includes $2 billion to cut commute times and keep people closer to their "daily destinations."

10 Affordable Nashville Suburbs to Live In

Find out the 10 best affordable Nashville suburbs. Whether you're living in Nashville or moving to Tennessee, consider buying a home in one of these suburbs.

The post 10 Affordable Nashville Suburbs to Live In appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

9 Affordable Miami Suburbs to Live In

Find out the 9 best affordable Miami suburbs. Whether you're living in Miami or moving to Florida, consider buying a home in one of these suburbs.

The post 9 Affordable Miami Suburbs to Live In appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

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