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PropTech Retrospect: June rate hikes push rental demand, multifamily smart building tech

Another wild month for the property technology market. With the largest single rate hike by the Fed since 1994 coming down earlier this month, companies big and small on every side of the real estate equation are attempting to pivot, or find usefulness in the current market.

While home buying and mortgages are certainly being hit by these hikes, more and more potential homebuyers are instead looking to rent. As a result of that and rising inflation, property management and rental solutions have seen an uptick in activity, as investors look for new ways to capitalize on high-level earners and generate cash flow from their units.

One segment of the sector that has seen noticeable acceleration has been smart home and IoT technology, due to pressure from renters for modern, work-from-home capabilities and from managers for property insights.

Examples include View, which recently announced its smart building cloud product, and Xeal, which hired Chris Moreno as VP of Real Estate and Channel Partnerships in a push to integrate electric vehicle into multifamily properties across the U.S.

That’s just the beginning of an eventful month now wrapped up. Below I’ve listed the biggest stories, news and activity around the proptech industry in June 2022.

Enjoy this month’s PropTech Retrospect.

Property Management/Multifamily

Smart Tech

SFR/Investment Property/Rentals

Property Intelligence/Appraisal

Real Estate/Agents/Brokerages

Lending/Mortgage

Home equity

Commercial (CRE)

ESG/Sustainability

Construction

VC Funds/Accelerators

FinLedger Q&As

Tech Nest: The PropTech Podcast with Nate Smoyer

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