Bridge Investment Group hires Meena Thever as managing director, capital markets group

Bridge Investment Group hired Meena Thever as the new managing director of its capital markets group. In this new role, Thever will be managing the capital markets group’s capital raising, investment analysis and investor relations across all asset classes including multifamily, affordable housing and senior housing.

Co-living startup Bungalow launches with $64 million in funding

Bungalow, a real estate startup, recently launched to bring a new renting option to some of nation’s largest cities. Think of the company as a cross between co-living and a short-term rental platform like Airbnb, because instead of co-living in an apartment building, Bungalow renters co-live in a house. And instead of only staying for just a few days, Bungalow renters stay for an average of 12 months.

2-city housing boom hits Nevada

Reno will appreciate at a rate of 9.5% over the next year. The neighboring Carson City MSA is also projected to see property values appreciate at 9.5%. Neither was in the Top Ten for home price appreciation last quarter. So what happened?

U.S. Bank promotes Manuel Rodriguez to San Diego’s market president

U.S. Bank recently announced it promoted Manuel Rodriguez to its market president for the San Diego market. U.S. Bank Executive Vice President and Head of Commercial Banking Elliot Jaffe said the company is pleased to expand Manuel’s leadership within the bank, as he is well positioned to help lead the market.

MBA: Mortgage applications can’t seem to get ahead

Mortgage applications fell 1.8% from last week, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending September 7, 2018.
On an unadjusted basis, the Mortgage Composite Index decreased 13% from the previous week.

Minority homeowners saw highest rate of equity growth

Homeowners in minority neighborhoods started out with the lowest level of home equity but saw the greatest percentage gain in the last six years, according to a Redfin study. ZIP codes with mostly white residents had the lowest percentage gains in equity, but the largest increase in absolute dollars.

Helping Clients Who’ve Inherited a House

These five tips will provide guidance for those handling property that’s part of an estate. 

Minority Neighborhoods See Biggest Gains in Home Equity

Homes in neighborhoods that are predominantly populated by minority families have seen substantial gains in home equity over the last four years. But has it been enough to close the gap between them and white neighborhoods?

Can Challenging Home Design Increase Lifespan?

The architects believe their structure—featuring extremely uneven floors, windows of varying heights, and unusually arranged walls in 52 eye-popping colors—has the power to bring longevity.

How Delayed Marriage Rates Could Benefit Housing

As younger Americans wait longer to get married, some in the industry worry they’ll also put off homeownership. But one luxury homebuilder says the postponement is good for their business.