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.
Authorities rescued a 17-year-old boy in Southern California after he was kidnapped and held hostage for four days by captors who threatened to harm him if his family did not pay a $500,000 ransom.
The landmark Washington National Cathedral unveiled new stained-glass windows Saturday with a theme of racial justice, filling the space that had once held four windows honoring Confederate Gens. Robert E. Lee and Stonewall Jackson.
Just four months after announcing that the hot dog-shaped Wienermobile was changing its name to the Frankmobile, the distinctive wiener on wheels is reverting to the original.
Here is some music you can listen to ahead of the weekend.
'Crossroads,' the 2002 film which featured Britney Spears, is returning to theaters.
"The Expend4bles" is one of many flicks that you can catch Friday.
A peek at the 'Squid Game' competition show was revealed.
A set of twins born prematurely left NICU after 138 days and were celebrated with a graduation ceremony.
With the cost of food so high, going grocery shopping can be stressful. Trae Bodge, a shopping expert with Truetrae.com, spoke with Cheddar News to provide some money-saving tips when stocking your pantry.
The cost of raising a child is now estimated at $237,000, not including college, according to a new report. Matt Schultz, chief credit analyst with LendingTree, joined Cheddar News to provide tips on how to budget for having a family.
