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Sam Ash Music to Shut Down Retail Chain

Sam Ash Music to Shut Down Retail Chain

by Phil Hall | May 6, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Sam Ash Music, a family-owned business specializing in musical instruments and sound equipment, announced that it will shut down its operations after a century in business. In a social media post, the company said it has begun store closing sales – the company...
Capitol Hill Lawmakers Create Bipartisan Congressional Real Estate Caucus

Capitol Hill Lawmakers Create Bipartisan Congressional Real Estate Caucus

by Phil Hall | May 6, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Four congressional lawmakers – Reps. Mark Alford (R-MO), J. Luis Correa (D-CA), Tracey Mann (R-KAN) and Brittany Pettersen (D-CO) – have partnered to launch the Bipartisan Congressional Real Estate Caucus. In launching the caucus, the lawmakers noted that real estate...
Shawn Malhotra Joins Rocket Companies as Chief Technology Officer

Shawn Malhotra Joins Rocket Companies as Chief Technology Officer

by Phil Hall | May 6, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Rocket Companies (NYSE: RKT), the Detroit-based parent company of Rocket Mortgage, has hired Shawn Malhotra as its first group chief technology officer. In his new role, Malhotra will oversee the development and implementation of technology across the entire Rocket...
Survey: Nearly Half of Buyers Stopped Looking for Homes Due to Inflation

Survey: Nearly Half of Buyers Stopped Looking for Homes Due to Inflation

by Phil Hall | May 6, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

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%...
AI Platform Sidekick in Partnership with San Francisco Realtors

AI Platform Sidekick in Partnership with San Francisco Realtors

by Phil Hall | May 6, 2024 | News/Current Events, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

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...
FHLBank Chicago Now Accepting Affordable Housing Program Grant Applications

FHLBank Chicago Now Accepting Affordable Housing Program Grant Applications

by Phil Hall | May 6, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

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...
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