Real Estate Tech Firm HomeLight Expands in Arizona

Real estate technology platform HomeLight is broadening the reach of its financial products, HomeLight Trade-In™ and HomeLight Cash Offer™, to real estate agents, homebuyers and sellers across Arizona, according to a Monday (Oct. 25) press release.

Both products have been used extensively amid the housing boom. Based on transactions closed since December 2019, HomeLight Trade-In homes have sold for 5% above valuation, while offers with HomeLight Cash Offer saved buyers up to 4.4% compared to offers with a loan, per the announcement.

As part of a recent 700% growth in the two products since their January 2020 launch, HomeLight has relocated its headquarters from San Francisco, California to SkySong Center in Scottsdale, Arizona, a high-growth community for tech companies in the Arizona State University Scottsdale Innovation Center.