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CoreLogic: Home Prices Up 4.5% in September

CoreLogic: Home Prices Up 4.5% in September

by Phil Hall | Nov 7, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Single-family home prices rose recorded a 4.5% year-over-year in September, the largest annual gain since February, according to new data from CoreLogic. The Northeast led the country with the strongest appreciation level, with Maine experiencing a 10.1% annual...
Greystar Breaks Ground on Second Phase of Phoenix Multifamily Complex

Greystar Breaks Ground on Second Phase of Phoenix Multifamily Complex

by Phil Hall | Nov 7, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Greystar Real Estate Partners LLC, a real estate firm focused on the investment, development, and management, has broken ground on City North Residential Phase II in Phoenix. The seven-story City North Residential Phase II will add 348 residences to the 272 that are...
David Smith to Lead VA Lending at loanDepot

David Smith to Lead VA Lending at loanDepot

by Phil Hall | Nov 7, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

Irvine, California-based loanDepot Inc. (NYSE: LDI) has promoted David Smith to the newly created role of Vice President of National VA Lending. Smith, a former sergeant in the U.S. Army, will be responsible for the company’s national VA lending strategy and will lead...
Simplify Asset Management Debuts ETF Investing in New Mortgage-Backed Securities

Simplify Asset Management Debuts ETF Investing in New Mortgage-Backed Securities

by Phil Hall | Nov 7, 2023 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Simplify Asset Management, a New York City-headquartered provider of exchange-traded funds (ETFs), has launched the Simplify MBS ETF (MTBA) fund. MTBA invests in mortgage-backed securities (MBS) issued in 2023. MTBA will initially invest in the Federal National...
WeWork Files for Chapter 11 Bankruptcy

WeWork Files for Chapter 11 Bankruptcy

by Phil Hall | Nov 7, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The co-working flex space provider WeWork Inc. (NYSE: WE) filed for chapter 11 protection in the U.S. Bankruptcy Court in New Jersey. Founded in 2010, WeWork was valued at $47 billion during its peak operating years. However, the company had a history of financial...
Amir Syed Joins Mortgage Fintech Lower as Chief Growth Officer

Amir Syed Joins Mortgage Fintech Lower as Chief Growth Officer

by Phil Hall | Nov 7, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

The Columbus, Ohio-headquartered mortgage fintech Lower has recruited Amir Syed as chief growth officer. In this new position, Syed will organize Lower’s multi-channel strategy to drive exponential market share while elevating existing production through...
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