"These days Miller oversees LenX which amounts to a private equity arm within Lennar that makes investments in real estate tech. The I.ennar-backed platform Opendoor—which uses AI to value and make almost instantaneous often on any home—went public in December bringing Lennar a $470 million gain in its first quarter. Other LenX startups provide fully digital insurance underwriting for most Lennar buyers, are developing a digital title insurance and escrow platform; and are honing technology that conserves water and channels the earth’s energy to heat and cool homes."
What's interesting is its not just about fancy smart homes. The pandemic has changed what people want from a home.
"For him, as for tens of millions of Americans, the home of the future isn’t filled with futuristic gadgets, it’s a principal workplace, a gym, a homeschooling center, an entertainment hub, and refuge where everything from pandemic-ready leisure wardrobes to gourmet cuisine can be delivered to their doorstep while they spend quality time bonding instead of fighting traffic and roaming stores, “The pandemic’s rewired the way people think about their homes,” says Miller, “As a result, they’re rethinking the amount of their paycheck to spend on housing. We have a front—row seat seeing in real time the enthusiasm for the home growing.”"
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