Fifth Wall VC firm recently announced a $135 million investment with its anchor LP Lennar and Opendoor. Co-founder Brendan Wallace sits down in Los Angeles with Alyssa Julya Smith to talk about how the deal is going to make home buying easier and more streamlined. Wallace talks about how his team orchestrated this partnership to address the market and believes making homes more liquid is the single most important thing that could happen in the U.S. economy. He explains that if homes become more frictionless to transact, homeownership is democratized in a way it has never been before. The corresponding social and economic implications could be profound, Wallace says. Opendoor is helping this happen with its streamlined sales process and through its partnership with Lennar, one of the largest home builders in the country. Currently, Opendoor can scale the sales process down to just a few days.

Share:
More In Culture
How to Get the Best Back-to-School Deals
Many children have already started returning to school around the country. Trae Bodge, smart shopping expert, joined Cheddar News to provide tips on when and where you can find the best deals to save some money for you and your family.
Fun at Luna Park in Coney Island
One of the most iconic outings in New York is located in Coney Island. Cheddar News spoke with Alessandro Zamperla, president and CEO of Central Amusement International, about the ins and outs of Luna Park, where thousands visit daily for its rides, food and entertainment.
Load More