Manhattan landlords warehouse rentals amid slowdown

Critics say the practice by landlords to remove unrented apartments from the market as a cost-saving measure only amplifies the city’s housing shortage and is “unconscionable.” Continue reading

A Hong Kong home is asking a whopping $2M in annual rent

Wharf Holdings Ltd. is leasing out a property in its ultra-exclusive The Peak neighborhood for HK$1.35 million, or approximately $174,000 a month. Continue reading

COVID-19-related forbearance volumes decline for first time since pandemic hit

Active COVID-19-related forbearance volumes declined by a net 34,000 for the week ending June 2, the first weekly decrease since the CARES Act went into effect, according to data released Friday. Continue reading

The economic downturn won’t end investment in real estate tech

Two venture capitalists said Thursday that there’s still plenty of space for innovation and money to disrupt the real estate industry. Continue reading

Homesnap’s Mazur: It’s time for agents to go all in

If you’d like to catch a video replay of this Connect Now session, and access the other 25+ hours of video content from Connect Now, tickets are still available. Click here to access. COVID-19 dominated conversation throughout Tech Connect at the first… Continue reading

Mike DelPrete: Don’t Call It A Comeback (Just Yet)

Real estate tech strategist Mike DelPrete explains pre and post shelter-in-place market trends and how real estate agents can prepare for the future. Continue reading

‘We’re watching recovery happen as we speak’: Economists

The long-term prognosis is more optimistic than many think, economists from Zillow and Windermere said during a panel at Inman Connect Now on Wednesday. Continue reading

Demand for mortgages continued in last week of May: MBA

“High unemployment and low housing supply may restrain a more meaningful rebound in purchase applications,” Joel Kan of the Mortgage Bankers Association said. Continue reading