Fifth Wall Shakes Up Real Estate Industry With New Investment
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.
Legendary musician Louis Armstrong's many contributions to music and culture are on display at a museum built at his longtime Queens, New York residence. Regina Bain, executive director of the Louis Armstrong House Museum, joined Michelle Castillo and spoke with Cheddar News about the iconic trumpeter, the museum's background and history and displayed some historic artifacts from the musician's past.
With several high-profile divorces of longtime powerful couples in the headlines recently, Cheddar News highlighted the importance of protecting your assets after splitting up. Correspondent Janice Lieberman explained how figuring out finances before signing those papers is a must.
