Provo, Utah-headquartered Capital Community Bank (CCBank) has acquired Security Home Mortgage (SHM), based in Orem, Utah. The financial terms of the deal were not disclosed. SMH was founded in 1999 and will become an independently operated subsidiary division of...
Tibor Hollo, a Holocaust survivor who became one of the most prominent and influential real estate developers in Miami, passed away at the age of 96. Hollo was born to a Jewish family in Budapest, Hungary, on July 13, 1927. His family moved to Paris in 1933. In 1941,...
The National Association of Realtors (NAR) updated when the policy changes of its Sitzer/Burnett settlement agreement will go into effect. Originally slated for July, the policies will now go into effect on Aug. 17. These changes will prevent listing brokers from...
Treasury Secretary Janet Yellen appeared to take on the role of campaign surrogate for the Biden-Harris re-election effort in a speech promoted to consider the “economic case for democracy.” In prepared remarks delivered before the McCain Institute in Washington,...
This morning’s Labor Department data on the addition of 175,000 jobs in April and an uptick in the unemployment rate to 3.9% brought a mixed reaction from economists focused on the housing market. “An economy that is too hot is not good for interest rates,” said...
The National Association of Home Builders (NAHB) has published a 10-point plan designed to address housing affordability challenges. In announcing the plan, the NAHB observed there was a nationwide shortage of approximately 1.5 million housing units, which exacerbates...
Hits and Misses for the Real Estate Week of Aug. 10-14
