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FHLBank Indianapolis Increases HomeBoost Allocation to $2.5 Million

FHLBank Indianapolis Increases HomeBoost Allocation to $2.5 Million

by Phil Hall | Aug 1, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) has allocated $2 million in additional funds for its pilot HomeBoost down payment assistance program designed to expand minority homeownership. HomeBoost was announced by the bank in early July with an...
Foreign Buyers Acquiring Fewer US Existing Homes, But Paying More for Them

Foreign Buyers Acquiring Fewer US Existing Homes, But Paying More for Them

by Phil Hall | Aug 1, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Foreign buyers purchased $53.3 billion worth of U.S. existing homes during the period from April 2022 through March 2023, according to new data from the National Association of Realtors (NAR). This represented a 9.6% decline from the 12-month period one year earlier....
MBA: $480.1 Billion in Multifamily Mortgages During 2022

MBA: $480.1 Billion in Multifamily Mortgages During 2022

by Phil Hall | Aug 1, 2023 | Commercial Real Estate News, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of $480.1 billion in new mortgages were originated in 2022 for apartment buildings with five or more units, according to new data from the Mortgage Bankers Association. This represents a 1% year-over-year decline. Last year’s total was generated by 2,242...
San Francisco Forces Elon Musk to Remove ‘X’ Sign From Top of Twitter HQ

San Francisco Forces Elon Musk to Remove ‘X’ Sign From Top of Twitter HQ

by Phil Hall | Aug 1, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

While Elon Musk has a history of playing by his own rules, the San Francisco Department of Building Inspection has forced him to abide by municipal real estate codes. According to an Associated Press report, the brightly flashing “X” sign that Musk erected last Friday...
Lisa Yeh Named President of Sentral

Lisa Yeh Named President of Sentral

by Phil Hall | Aug 1, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Sentral, a Los Angeles-headquartered residential hospitality company, promoted Lisa Yeh to president, effective today. Yeh will oversee Sentral’s day-to-day operations, in addition to her current responsibilities as chief operating officer. She replaces Jon...
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