Top Emerging Real Estate Companies in the U.S. in 2024
The real estate landscape in the United States is constantly evolving, with new companies and startups making significant strides in the industry. The article outlines the data and trends in the real estate sector and emphasizes the industry's transition into a new era of thinking, building, and operating. Additionally, various real estate startups, such as Evernest, Homie, Zillow, Houzeo, and Rentberry, are gaining attention for their innovative approaches and are poised to make an impact in 2024 and beyond. These companies are part of the broader trend of significant growth and innovation within the real estate industry, reflecting the sector's ongoing evolution and the emergence of new investment avenues and platforms.
- Rentberry
Rentberry is a global home rental platform that leverages artificial intelligence technology to ensure a seamless rental experience. The company was founded in 2015 and is based in San Francisco, USA. Rentberry is the first global home rental platform that makes the long-term rental process easier by offering an all-in-one rental ecosystem and helping properties realize their true market price. Rentberry has raised over $11.3 million from about 7,000 retail investors through a Regulation A offering on the equity crowdfunding platform. The company offers a flexible living concept that allows people to rent a fully furnished apartment for 3 months to a year. Rentberry's partnership with Dropbox Sign lets you deal with essential paperwork online without leaving your home. The company has extensive experience in real estate and aims to step up the game even further with its innovative approach to home rentals. Rentberry is a worldwide platform that offers long-term apartment rentals in over 60 countries worldwide.
- Houzeo
Houzeo is an online real estate company headquartered in New York City. It was founded in 2017 by Amit Dhameja, a former executive director at J.P. Morgan. The company operates nationwide and is known for its flat-fee MLS services. The company provides services for homeowners looking to sell their properties without traditional intermediaries. The company offers a flat-fee MLS (Multiple Listing Service) listing service, allowing homeowners to list their properties on the local MLS, connect with local real estate professionals, obtain property valuations, and more. Sellers pay a one-time, flat fee to list their homes on the local MLS, eliminating the need for a traditional real estate agent on the selling side of the transaction. The platform also allows buyers to search for properties. Houzeo aims to simplify the selling process and save costs by eliminating the need for real estate agents.
- Zillow
Zillow, founded in 2006 by Rich Barton, Lloyd Frink, and Spencer Rascoff, is a leading real estate and rental marketplace headquartered in Seattle, Washington. Offering a wide array of tools and resources, Zillow facilitates buying, selling, and renting properties through its platform. The Zillow app provides users with features like property listings, the Zestimate® home valuation tool, 3D home tours, robust filters, and neighborhood details, enhancing the real estate search experience. Moreover, Zillow's Real Estate Market Reports offer valuable insights into national and local real estate markets, including home value changes, rents, and housing inventory data. Additionally, the company offers mortgage pre-approval tools and financing options through Zillow Home Loans, its affiliated lender. With a commitment to fair housing practices and industry advocacy, Zillow aims to create a seamless real estate transaction experience for users. With nearly 200 million monthly visitors to its website and mobile apps, Zillow remains a significant player in the real estate market, impacting cities and regions nationwide.
- RE/MAX
RE/MAX is a global real estate franchise that specializes in real estate brokerage. Founded in 1973 by Dave and Gail Liniger, the company has its headquarters in Denver, Colorado. RE/MAX has a strong presence in the real estate market, with over 135,000 real estate agents in more than 110 countries. The company's franchise model appeals to motivated and qualified real estate professionals, offering a range of services and strong brand name recognition. RE/MAX is known for its agent-centric business model, high commission concept, and culture that emphasizes community and support. The company has been recognized as a leader in global home sales and brand awareness, making it a significant player in the real estate industry.
- eXp Realty
eXp Realty is a real estate brokerage firm known for its innovative cloud-based model and virtual environment. Founded in 2009, the company has experienced significant expansion and has become one of the largest residential real estate brokerages by geography in North America. eXp Realty provides a range of services to real estate professionals, including lead generation, marketing support, and educational resources. The company's unique cloud-based model allows for a borderless and environmentally friendly approach to real estate, driving innovation and providing unlimited opportunities for agents. eXp Realty is committed to creating a unique learning, meeting, and working environment for its agents through state-of-the-art technology. The company's agent-centric approach and focus on sustainability have contributed to its rapid growth and market presence.
- Republic
Republic is an investment platform that allows individuals to invest in various asset classes, including real estate. Republic is headquartered in New York City and was founded in 2016. Republic Realm, a part of Republic, is a professionally managed, diversified digital real estate investment fund that offers investment opportunities in digital real estate. The platform allows individuals to invest in real estate with as little as $25, providing access to high-potential investment opportunities. The Republic's'scosystem of businesses aims to make investment and ownership accessible to everyone, offering extensive deal flow and seed-to-liquidity solutions. The company's unique approach and focus on technology have contributed to its rapid growth and market presence. Additionally, Republic operates Europe’s leading investment platform, Seedrs, and provides access to equity investments in private businesses.
- Zibo
Zibo is a financial services platform for rental properties that was founded in 2019 and is based in Reno, Nevada. The company was formerly known as Azibo. It provides financial services to help independent landlords manage their rental property finances, offering tools for online rent payments, depositing paper checks, and managing property bank accounts on a centralized platform. Zibo has received significant funding, including a $10.5 million seed funding round, and has attracted investments from notable firms such as Khosla Ventures, Canaan Partners, Camber Creek, Assurant Ventures, and others. The company's goal is to empower independent landlords, save time, stay organized, and grow their property portfolios while also providing flexible, online rent payment options for tenants. Chris Hsu, the former chief operating officer at Hewlett Packard Enterprise, serves as the CEO of Zibo, which is headquartered in Reno, Nevada.
- Redfin
Redfin is a real estate brokerage and technology company based in Seattle, Washington. The company was founded in 2004 by David Eraker, Michael Dougherty, and David Selinger, and its current CEO is Glenn Kelman. Redfin is a licensed and registered real estate brokerage in the United States and Canada, and it is committed to abiding by the Fair Housing Act and Equal Opportunity Act. The company provides residential real estate brokerage and mortgage origination services, operating in more than 100 markets in the United States and Canada. Redfin is recognized for its innovative approach to real estate, offering online tools for searching property listings, scheduling home tours, and making offers with the assistance of local Redfin real estate agents. The company's website and mobile app provide access to a wide range of real estate listings, including homes for sale and rent, condos, and townhouses. Redfin has received several awards for its innovative business model and is committed to creating a diverse, equitable, and inclusive work environment.
- Roofstock
Roofstock is a real estate investment platform that allows individuals to invest in single-family rental properties. The company is based in Oakland, California, and was founded in 2015. Roofstock's platform provides access to a wide range of real estate listings, including homes for sale and rent, condos, and townhouses. The company's unique approach to real estate investing allows individuals to purchase rental properties with as little as 20% down, and it provides a range of services to help manage rental property finances. Roofstock's platform offers online tools for searching property listings, scheduling home tours, and making offers with the assistance of local Roofstock real estate agents. The company has received significant funding, including a $50 million Series D funding round, and has attracted investments from notable firms such as Canvas Ventures, Lightspeed Venture Partners, and Bain Capital Ventures. Roofstock is committed to creating a diverse, equitable, and inclusive work environment and is recognized for its innovative business model.
- Homie
Homie was founded in 2015 by Mike Peregrina and Johnny Hanna in the state of Utah. The company is headquartered in Utah. Homie is a real estate company that operates as a discount real estate brokerage, offering flat listing fees instead of the traditional percentage-based fees. The company has helped customers buy and sell more than $3 billion worth of real estate and is Utah’s largest discount real estate brokerage. Homie also operates statewide in Arizona, Colorado, Idaho, and Nevada. The company's platform encourages interaction and negotiation and provides a one-stop shop for real estate, mortgage, closing, and insurance services. Homie's business model has attracted both positive and critical attention, with a focus on its flat fee structure and its impact on the real estate industry. In 2022, the company announced layoffs due to various factors, including market conditions and changes in its business model. Homie has secured ongoing capital from its existing investors, indicating its commitment to its real estate business. The company's mission is to make homeownership easier, more affordable, and accessible for all by offering a simplified and cost-effective real estate experience.