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Police handcuffed and searched a black Realtor and his client. Now the agent is suing Cincinnati

‘My hope is that no professional is treated the way I was that day,’ Movement Realty agent Jerry Isham told Inman. Source: click here

Baird & Warner CEO: ‘The buyer should pay the buyer agent’

Steve Baird, the CEO of the 160-year-old Chicago-based brokerage, speaks exclusively to Inman about staying relevant in the face of competitive forces. Source: click here

Quicken sets multiple company records during best quarter ever

The reports of the housing industry’s downturn have been greatly exaggerated: Despite some worry late last year, Quicken Loans just announced that it had its best quarter of all time. The lender said in a statement this week that during each month in the second quarter of 2019 it originated more than $10 billion in […]

Property management platform TurboTenant clinches $6.5M

TurboTenant, a property management platform that reports serving more than 200,000 landlords in 50 states, has nabbed $6.5 million in a Series A funding round. The startup brings the sort of software to smaller landlords that frequently has only been available to larger property management companies in the past, including tools that allow landlords to […]

Agent-matching site HomeLight snaps up digital mortgage lender

Homelight’s acquisition of Eave will allow the startup to offer loans to buyers across California, Colorado, Washington, Oregon, Pennsylvania and Texas. Source: click here

Zillow alleges public record fees are ‘unconstitutional’ in new suit

The machinery of Zillow’s empire runs on public records. Source: click here

International buyers are spending a lot less in the US

A slowing global economy and a shortage of available stateside homes contributed to a slowdown in purchases from foreign buyers, according to a new NAR report. Source: click here

Building permits drop in June

The number of privately-owned housing units authorized by building permits dropped 6.1 percent from May to June and fell 6.6 percent year-over-year, according to the latest data from the U.S. Census Bureau and U.S. Department of Housing and Urban Development, released Wednesday. Despite both the monthly and annual decline numbers coming in at above 6 […]

Vacasa hires new financial and security chiefs

Vacation rental management startup Vacasa announced today that it has added two new executives to its ranks as it works to maintain its position as the largest company of its kind. Both new hires will serve in C-suite level positions, with Jim Grube stepping into the role of chief financial officer and Jeff Bryner becoming Vacasa’s chief […]

Fifth Wall Ventures announces new $500M proptech fund

Fifth Wall Ventures announced Wednesday it successfully hit its $500 million goal for a second proptech fund. The Opendoor- and Blend-backer now has 48 global limited partners across a number of proptech subsectors, giving startups access to some of the industry’s top builders and management companies. Source: click here

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