While still high, mortgage delinquencies see small decline

The latest data from property analytics provider CoreLogic shows that while mortgage delinquency rates are much higher than they were at the same time last year, they also saw a small drop between November and December. Continue reading

Transactly secures $3M amid rapid transaction coordination growth

Transactly, a proptech that offers remote transaction coordination services across the country, announced that it has raised nearly $3 million in bridge funding. 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

Commercial property giant Jones Lang LaSalle takes on rental market

JLL has forged an agreement with rental property management company Roofstock, which stands to give the startup significant stature in the rental home investment market. Continue reading

House on the highest street in Palm Beach sells for $15.2M

A lakefront home located on the most elevated street in Florida’s Palm Beach just sold for its land value of $15.2 million. Continue reading

These are the 2 things luxury buyers want right now

At Inman Connect Now, top luxury agents discussed how the pandemic has changed the wish lists and priorities of luxury buyers. 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