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Porch breaks into insurtech with $100M acquisition

Housing Wire

Porch, led by CEO Matt Ehrlichman, acquired home insurance company Homeowners of America , mover marketing and data firm V12 , home inspection company Palm-Tech and roofing contractor software company iRoofing. The big acquisition is for Homeowners of America, an insurance company that operates in six states and is licensed in 31 more.

Insurance 329
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Porch acquires mortgage software firm Floify for $90M

Housing Wire

With the most recent acquisition of Floify, Porch will expand “its early access to high-intent homebuyers who need key services including insurance, warranty and moving services,” the company said in a statement. Investors reacted positively to the acquisition, with shares increasing by 12% to $19.93 as of late Thursday morning.

Mortgage 371
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Why it’s time for the housing industry to get serious about climate risk

Housing Wire

And yes, this certainly has had an impact on insurance companies from coast to coast, as we’ve seen insurers retreat en masse from states such as California , Florida , and Texas , which have all seen record losses in recent years from wildfires, earthquakes, hurricanes, severe winter storms, sinkholes, and more.

Insurance 343
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Accurate Group acquires eMerge Property Solutions

Housing Wire

eMerge, a company that offers alternative valuation solutions, including broker price opinions (BPOs), will allow Accurate Group to increase its broker network and leverage property inspection technology, the company said. This is the second acquisition for Accurate this year.

Valuation 349
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Download these 9 real estate prospecting letter templates that actually work

Housing Wire

Perhaps they don’t receive strong enough offers or struggle to address issues that arise at home inspection. If you want to think outside the box, consider partnering with an ambitious insurance agent who offers both rent and homeowners insurance. I work with many investors and want to introduce myself as a resource to you.

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Market Correction or Seller Panic?

Appraisal Buzz

Assuming a $250,000 loan was committed on December 31, 2021, your monthly payment was approximately $1,007 exclusive of escrow for real estate taxes and insurance. It consistently climbed to 3.76% as of March 3, 2022, and as of the date I’m writing this, it is 5.81%.

Sellers 435
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Guide to Buying Apartment Buildings for Sale in Ohio

The Robert Weiler Company

An investment in this market can provide reliable cash flow, steady appreciation, lower maintenance and management efforts per unit, and diversification of an investor’s portfolio. For new commercial real estate investors, buying a small apartment building for sale is a good investment choice. Reliable Cash Flow. Passive Income.