Pro
Crypto x Real Estate
Key Insights
- The current housing market has made home buying inaccessible for most Americans, but crypto-centric real estate startups are helping reduce costs and increase transaction efficiency.
- By tokenizing real estate assets as NFTs, Propy has enabled a way to transfer digital ownership of assets through their peer-to-peer marketplace and accompanying Ethereum smart contracts.
- Through crypto-collateralized mortgage lending, Milo credit gives blue chip crypto holders the ability to retain asset appreciation potential for both their new home and crypto holdings.
- Even though most commercial lenders have stopped accepting applications for home equity loans, Vesta Equity allows homeowners to fractionalize ownership of their real estate to tap into its rapidly growing form of equity.
The median U.S. home price rose by 33% since the start of the COVID pandemic, rendering buying a home unattainable for most Americans. In recent weeks, the effects of rising interest rates started to level out the rapid price appreciation. While this may be a short-term relief, a long-term catalyst for accessible real estate has yet to emerge.
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Ally is a Research Analyst on the Enterprise team at Messari. Prior to joining the team, Ally worked as a Structural Engineer at Magnusson Klemencic Associates. Ally graduated from the University of Illinois in 2018 with a master’s degree in Civil and Structural Engineering.
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