real estate

real estate

Image by Evan Xie/ dot.LA

2023 will be a year where innovation and growth are forced to take a back seat and survival becomes paramount for companies in the real estate technology – or proptech – world.

By and large, proptech companies do best when the real estate market is hot – rising home values and more transactions mean higher revenue and higher margins for such companies. Now that the market is rapidly cooling, we’ll see once high-flying proptech startups raising flat or down rounds, engaging in mergers and acquisitions and potentially closing their doors in 2023.

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L.A.’s lax enforcement of Airbnbs has led to an surge of illegal short-term rentals — even four years after the city passed a regulation to crack down on such practices. But what if hosts lived in a building that welcomed Airbnb guests and short-term rentals?

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