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BREAKING: Purplebricks exits US after less than 2 years in market

Following months of uncertainty over Purplebricks’ future in the United States, the flat-free brokerage is exiting the U.S. market, less than two years after launching in Los Angeles in September 2017. Source: click here

Company that creates electricity from footsteps raises $3.2M

Pavegen, a company that generates both electricity and data from footsteps, has raised more than $3 million in a successful crowdfunding campaign. Source: click here

Rents are rising, but the US lacks sufficient middle-income housing

Recent years have been a boon for landlords, and a recession doesn’t appear imminent, but the multifamily housing market does face some challenges. Source: click here

Studies find that 2017 tax reform has mixed impacts on homebuying

Who are the winners and losers in the homeownership market after the 2017 tax reform? A trio of studies find that the answer is: “It depends.” Source: click here

Celebrating patriotic holidays: A primer for agents

Given agents’ intense desire to stay top-of-mind, many of us post holiday greetings for every little holiday — and without a lot of forethought. With all of this holiday outreach, we need to be sure our message is on point. Here’s a primer for agents on how to observe these holidays and connect with clients […]

Why it’ll take a village to solve housing affordability woes

The lack of affordable housing is an issue that requires the work of the wider institutional and public community: Major corporations, nonprofits, small businesses, individuals and the government all must contribute time, energy and funds to solve this societal problem. Source: click here

Massachusetts begins taxing short-term rentals and nightly rates are predicted to rise

This story is featured in Property Portfolio, Inman’s new free weekly newsletter. Every Tuesday, we’ll explore the overlapping worlds of real estate professionals and the fast-growing property investment and management sector. Sign up to receive Property Portfolio here. Massachusetts began taxing short-term rentals this week, making it one of a handful of jurisdictions that are […]

Zillow joins others in filing brief supporting LGBTQ workers

Zillow is one of more than 200 businesses to sign an amicus brief for three cases that will come before the Supreme Court. Source: click here

Alain Pinel Realtors vet to join LeadingRE after Compass stint

Michi Olson, an executive for 15 years at Alain Pinel Realtors, is joining LeadingRE as dean of resources and global connections. Source: click here

Redfin CEO says measured growth is key to his brokerage’s success

Glenn Kelman believes clear victors will emerge from the real estate tech arms race in the next couple years. Mergers and acquisitions are inevitable, he argues. That’s because real estate websites want to insert themselves into the transaction while services that facilitate transactions need popular websites. Source: click here

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