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  "documentTitle": "Better | Results Presentation Deck | 17 slides",
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  "authorName": "Better",
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  "presentationDate": "2023-11-01 00:00:00",
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      "text": "Cumulative market size: $17+ Trillion, $13 Trillion, $11 Trillion. Market segments: $4T Consumer Financial Network, $2T Home Services Ecosystem, $8T International Home Finance, $2.5T U.S. Home Finance.",
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      "text": "Annual spend within the housing market accounted for on average $3 trillion per year, 15-18% of US GDP since 2001\nSince 2013, over 90% of new homes were purchased with a mortgage\nFor average households, home equity totals over 35% of net worth\nIn general, all mortgage transactions require at least one insurance product",
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      "text": "1. National Association of Home Builders - Housing's Contribution to Gross Domestic Product;\n2. Statista Research, 'Number of new house sales in the United States from 2000 to 2022, by financing type';\n3. Census.gov - The Wealth of Households 2021 (including equity in own home, rental properties, and other real estate);\n4. MBA average annual mortgage origination volume, 2017-2026E;\n5. Allied Market Research - Mortgage Lending Market Research, 2031;\n6. $1.3T of home rental (IBIS), $600B of home improvement (Farnsworth Group) $13bn of US appraisal and inspection (IBIS), $21bn of moving and storage (IBIS);\n7. $1.4 trillion US insurance industry net premiums (Insurance Information Institute), $1.6 trillion student loan debt (Forbes), $1 trillion credit card debt (LendingTree)",
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      "text": "Homeownership market is enormous",
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