Nearly half of U.S. homebuyers have stopped looking for residential property due to elevated interest rates, according to a new survey published by Discover Home Loans, a division of Discover Financial Services (NYSE: DFS) In a nationwide survey of 1,500 adults, 84%...
Sidekick, a generative AI assistant designed for real estate professionals, announced a first-of-its-kind partnership with the San Francisco Association of Realtors (SFAR) to bring the platform’s integrated datasets and workflows to the organization’s more...
The Federal Home Loan Bank of Chicago (FHLBank Chicago) is now accepting applications for the 2024 Affordable Housing Program (AHP) General Fund. This year’s AHP General Fund’s available subsidy per-project has doubled from $1 million to $2 million. The FHLBank...
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,...
Dallas-headquartered Steward Health Care System, the nation’s largest physician-owned hospital operator, has filed for Chapter 11 protection. Steward operates 33 community hospitals in nine states and has more than 30,000 employees. The company has been dealing with...
Hits and Misses for the Real Estate Week of May 11-15
