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Greystone Provides $19 Million in Bridge Financing for LA-Area Multifamily Property

Greystone Provides $19 Million in Bridge Financing for LA-Area Multifamily Property

by Phil Hall | Mar 12, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Greystone, a New York City-based commercial real estate finance company, has provided $19 million in bridge-to-agency financing for Tower Apartments, a 118-unit multifamily property in the Los Angeles suburb of Bellflower, California. Tower Apartments contains a...
Study: Home Prices Outpaced Inflation by 2.4x Since 2013

Study: Home Prices Outpaced Inflation by 2.4x Since 2013

by Phil Hall | Mar 12, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

For more than 60 years, home prices have raced ahead of inflation levels – and the gap has expanded considerably over the past decade. According to a new data analysis from St. Louis-based Clever Real Estate, home prices today are 24 times higher than they were in...
Redfin Expands Sign & Save Program for Homebuyers

Redfin Expands Sign & Save Program for Homebuyers

by Phil Hall | Mar 12, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Seattle-headquartered brokerage Redfin (NASDAQ:RDFN) has expanded its Sign & Save program to more than a dozen markets including Chicago, Los Angeles, Philadelphia, San Diego and San Francisco. According to the company, homebuyers who participate in the...
DR Horton Makes Strategic Investment in 3D Printing Construction Firm

DR Horton Makes Strategic Investment in 3D Printing Construction Firm

by Phil Hall | Mar 12, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The homebuilder D.R. Horton (NYSE:DHI) has made a strategic investment in Apis Cor, a manufacturer of construction 3D printing robotic technologies. According to the companies, they will collaborate on a multi-unit construction project in South Florida after the...
Pennsylvania Homeowner Assistance Fund to Reopen

Pennsylvania Homeowner Assistance Fund to Reopen

by Phil Hall | Mar 12, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Pennsylvania Housing Finance Agency (PHFA) announced the Pennsylvania Homeowner Assistance Fund (PAHAF) will reopen on March 18 to homeowners struggling as a result of pandemic-related financial hardships. The PAHAF provides financial assistance to eligible...
Inflation Up in February – How Will That Impact Fed Rate Cuts?

Inflation Up in February – How Will That Impact Fed Rate Cuts?

by Phil Hall | Mar 12, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

An underlying measure of inflation was stronger than expected last month, introducing greater uncertainty over when the Federal Reserve will lower interest rates. The U.S. Department of Labor Department’s Consumer Price Index (CPI) reported prices rose last month by...
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