Category: Blockchain
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Luxury Homes, Bitcoin Bros… And the Rest of Us
Love it or hate it, there’s one thing that’s hard to deny. Bitcoin’s enjoying a highly successful year. The launch of bitcoin exchange-traded funds (ETFs) has so far been a resounding success for Wall Street’s financial powerhouses. BlackRock alone has accumulated $20 billion in bitcoin, just in the last three months since the firm opened…
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Can Blockchain Help Turn Vacant Buildings Into Homes Again? Baltimore Thinks So.
The city of Baltimore plans to record all its 13,000+ empty houses and townhouses on the blockchain. And it all started with Ebony Thompson’s class project.
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Bitcoin Creating New Home Buyers? Why We’re Watching the Crypto Effect on Real Estate Markets
Bitcoin is now available from mainstream financial managers. Suddenly, it’s a significant part of U.S. investment and retirement portfolios. So, bitcoin is joining real estate as an asset class. At this point, the leading cryptocurrency can influence the costs of housing in some markets. Its rise even allows some people to buy their first homes.…
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Can We Record Deeds on the Blockchain?
Blockchain, the underlying technology of cryptocurrency, is a digital recording system, leading innovators to wonder if it could solve challenges in deed recording. The U.S. deed recording system is tried and true. At the same time, title defects and tangled titles are much too common. Additionally, deed fraud harms vulnerable homeowners.. What if our title…
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Blockchain for Real Estate: It’s Coming.
If you’ve ever bought a house, condo, or co-op, you’ll know it’s a major process. Many joyful buys took a good deal of trudging through weeks of stressful communication challenges. The journey was loaded with people, paperwork, and fees. Why do we put ourselves through it? Because getting into the market is a key wealth-building…
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Real Estate or Bitcoin? In 2024, Investors Consider the Tradeoffs
Bitcoin watchers have noticed surprising amounts of real estate profits being converted into bitcoin. The reason comes down to unpredictable returns in real estate for wealthy investor-buyers. At the same time, “Bitcoin, as an emerging asset class, potentially offers much higher growth potential for many investors,” writes Nik Hoffman for Bitcoin Magazine. Wow, much potentially…
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Mr. Cooper Mortgage Payment System Breached. Are Digital Currencies the Solution?
October 31 was a spooky day for many. A cyberattack impacted millions of Mr. Cooper mortgage customers. Mr. Cooper is the biggest non-bank mortgage service provider in the United States. Its borrowers were unable to transfer last month’s mortgage payments by their due date. A week later, on November 7, business consultant and popular YouTube…
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Digital Real Estate Titles? Watch What Wall Street Says About Blockchain
Some of Wall Street’s biggest banks — Goldman Sachs, JPMorgan Chase, the list goes on — are quietly integrating blockchain, the technology that spawned bitcoin, into their businesses. In fact, Wall Street firms have been experimenting with blockchain for years. Regardless of what bitcoin does, blockchain technology will flourish. Tom Farley, ex-president of the New…
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Blockchain for Good: Can Smart Contracts Play a Community-Building Role?
Holding the deed to real estate is long associated with stability and financial security. What if some of that security could be shared by — and build up— communities? This article is a thought experiment. Let’s imagine how things could play out if local residents could invest small amounts in a building. How would this…
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Volatility? Seasoning? NAR’s Advice on Working With Bitcoin Buyers
Bitcoin is volatile. It can change in value from one month (or day) to the next. To a mortgage lender, bitcoin is a non-cash asset. It must be sold before the deal can go through. In other words, holding digital currency is like holding a Patek Philippe gold watch. Or a retirement fund. The holder…
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AI and Blockchain: Their Blended Impact in Real Estate
Artificial intelligence (AI) and blockchain technology have been converging. Both are transforming the way real estate works. AI is about to change the way we create (and look for) listings. It’ll change the way our brokers and lenders gather and use knowledge. And it will change the way investors crunch numbers and make profits.
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Crypto Catalysts: Are We in the Midst of a Digital Shift for World Finances?
What happens in the crypto market doesn’t stay in the crypto market for long. As bitcoin and other digital assets rise in popularity, real estate will be affected. After all, when people make profits, they often transform their earnings into housing wealth. With that big picture in mind, let’s take this moment to check in…
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Here’s What Citigroup Says About Blockchain for Real Estate
Citigroup is a leading global investment bank. And it says blockchain “could be a good fit” for real estate. Traditional real estate often lacks transparency, relies on a lot of middle people, and is generally cumbersome to sell, according to Citigroup’s new report Money, Tokens and Games: Blockchain’s Next Billion Users and Trillions in Value.…
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Coinbase Plans to Enable Bitcoin Real Estate Buys. Will It Succeed?
In April 2023, in a U.S. first for cryptocurrency, Coinbase enabled bitcoin purchases of Texas real estate. In June 2023, real estate in other “select states” will be available. The company behind the integration is a startup named MyEListing. Based in Cedar Park near Austin, Texas, it’s a free-to-use marketplace for investors. MyEListing displays both…
