After dropping last month due to the hurricanes, homebuilder confidence is once again on the rise, hitting its highest point since May in October. Homebuilders predict that the new home market will continue to strengthen at a modest rate in the months ahead.
Last year, Lone Wolf Technologies, a provider of residential real estate software, received an injection of new funding from Vista Equity Partners, a private equity firm and previous investor in Lone Wolf. At the time, Lone Wolf said that it planned to use that money to grow its business, and now it’s putting some of that money to use acquiring Instanet Solutions.
When you hear the words tech market, startup culture and unaffordable home prices, you probably think of San Francisco, home of companies such as Google, Facebook and Lyft. But now, another city might be moving into startup territory, and everything that comes with it — including rising home prices.