The hottest NFT on the market may not be an ape or sport’s highlight—but your mortgage.

Indeed, mortgage lender LoanSnap recently announced they had minted the first NFT mortgages in existence, using their Bacon Protocol to wrap seven mortgage liens into tokens collectively worth $1.5 million.

The benefits of such tokens, according to LoanSnap, are lower mortgage rates, faster loan approvals, and greater flexibility around repayment terms. The explanation being that as the blockchain can permanently record information like applicant credit score, debt-to-income ratio, and home value, the need for verification through middlemen is eliminated—in turn reducing the cost and time involved in the lending process.

While these potential benefits are indeed significant, the largest beneficiaries of this innovation are almost certainly retail investors—who for the first time are gaining access to the highly-coveted $17 trillion mortgage industry.

For those unfamiliar, financial regulation and capital requirements have historically made it virtually impossible for everyday citizens to get involved in mortgage lending. This has left large financial institutions and the government to soak up all of what’s considered to be one of the lowest-risk and consistent yielding asset classes available. Tokenizing housing debt eliminates many of these barriers to entry—making it theoretically possible for anyone with a DeFi wallet to own a fractional share of a mortgage. Click to read more at www.forbes.com.

Key Points
• Zillow’s shares have tumbled by about 37% since Friday.
• Q3 earnings show a $304 million write-down for Zillow’s iBuying business, with more losses to come.
• Zillow plans to close its iBuying service for good.
• Motley Fool Issues Rare “All In” Buy Alert

Zillow Group (NASDAQ:ZG)(NASDAQ:Z) sent shockwaves through the market on Nov. 2 after saying it planned to shut its iBuying operation, a home-flipping venture the company had touted as a pillar of its future. Zillow, best known for its online real estate marketplace, had amped up its iBuying operation this year and last, riding the momentum of the red-hot real estate market. But buying homes, expecting prices to rise for a quick profitable sale, is hard to pull off.

Leading up to the end of Zillow’s iBuying
The company initially announced a temporary pause in its iBuying operations on Oct. 18, halting new contracts and stating that strains in the labor and supply markets were proving challenging to keep in synch with its operational backlog. But its latest earnings reveal there is more to the issue. Click to read more at www.fool.com.

LOS ANGELES, Nov. 9, 2021 /PRNewswire/ — Commercial Real Estate Affiliate Network announced today that Henry S. Miller Co. Inc signed as the new affiliate in Texas.

Henry S. Miller is a full-service Commercial Real Estate firm based in Dallas, TX since 1914. They also have regional offices in Houston and San Antonio. The firm provides commercial real estate services to investors, property managers, and developers throughout the state of Texas and parts of Oklahoma.

Executive VP of Henry S. Miller, Darrell Hurmis said “We are excited to be a part of the Commercial Real Estate Affiliate Network. It is wonderful that now we will be able to help our clients with their needs in other states and countries.”

With years of real estate experience, CEO George Pino said “Having a company like Henry S. Miller as a part of the Affiliate Network will allow our members to work more efficiently and give them access to one of the hottest markets in the United States, with the advantage of market expertise and operational excellence from a company that has over 100 years of experience in this market. We look forward to a long and prosperous relationship.” Click to read more at www.prnewswire.com.

The industrial sector powered through the worst of the pandemic without missing a step — and the outperformance of the sector has only served to stoke investor demand with robust transaction volume and rising property prices.

“Spreads over U.S. benchmark rates continue to be at high levels by historic standards, which will continue to drive capital into the sector,” says Dennis Mitchell, CCIM, senior managing director JLL Capital Markets in Atlanta. “Additionally, property fundamentals remain strong as demand continues to outpace supply by a wide margin. Due to these tailwinds, we expect investor interest for industrial assets to continue to remain strong.”

Industrial sales during the first half of 2021 reached $51.9 billion — 10 percent higher than the same period in 2020 and 26 percent above the $38.4 billion in sales recorded during the first half of 2019, according to Real Capital Analytics. Anecdotally, the story is much the same. In Chicago, year-to-date sales through July are tracking about the same or higher than pre-pandemic periods in 2017, 2018, and 2019. “That further proves that industrial continues to perform well despite the challenges of the pandemic, and we think the second half of the year will continue on that same trajectory and finish very strong,” says Adam Marshall, CCIM, SIOR, a senior managing director in the Chicago office of Newmark. Click to read more at www.ccim.com.