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NYC Voters Approve Proposals to Streamline Affordable Housing Development

NYC Voters Approve Proposals to Streamline Affordable Housing Development

by Phil Hall | Nov 5, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

While the world’s attention was fixated on last night’s election of Democratic Socialist Zohran Mamdani as New York City’s next mayor, less attention was given to the approval by the city’s voters of three proposals designed to reshape affordable housing development....
FHLBank Topeka Awards $5 Million in Native American Housing Grants

FHLBank Topeka Awards $5 Million in Native American Housing Grants

by Phil Hall | Nov 4, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Home Loan Bank of Topeka (FHLBank Topeka) is awarding $5 million through the third annual iteration of its Native American Housing Initiatives (NAHI) Grants Program. This year’s NAHI grants are being presented to 16 tribes and tribally designated housing...
Knock Rolls Out New Bridge Loan Plus

Knock Rolls Out New Bridge Loan Plus

by Phil Hall | Nov 4, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Atlanta-based fintech Knock has unveiled Knock Bridge Loan Plus, a new product designed to pay off a homeowner’s existing mortgage upfront. According to the company, the product can pay off the homeowner’s current mortgage and release the equity locked up in their...
Share of First-Time Homebuyers at Record Low

Share of First-Time Homebuyers at Record Low

by Phil Hall | Nov 4, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The percentage of first-time home buyers has reached a record low while the typical age of first-time buyers hit a 40-year high, according to the 2025 Profile of Home Buyers and Sellers report published by the National Association of Realtors (NAR). For the...
Advanced Real Estate Pays $41 Million for 138-Unit Southern California Apartment Community

Advanced Real Estate Pays $41 Million for 138-Unit Southern California Apartment Community

by Phil Hall | Nov 4, 2025 | News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

Advanced Real Estate has acquired The Cove at West Covina, a 138-unit Southern California apartment community, for $41 million. Formerly known as Langdon Park, the gated property offers a mix of units ranging from studio to three-bedroom configurations. The...
NewDay USA Debuts Product That Covers Closing Costs for Veterans and Servicemembers

NewDay USA Debuts Product That Covers Closing Costs for Veterans and Servicemembers

by Phil Hall | Nov 4, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

NewDay USA has rolled out NewDay Home, a product designed to help veterans and servicemembers achieve homeownership. According to the West Palm Beach, Florida-based company, NewDay Home enables qualifying borrowers to secure a fully underwritten, credit- and...
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