Wintrust Business Minute: Halting of home purchases and Abbott Nutrition restarting production

Wintrust Business Lunch

English - August 29, 2022 19:18 - ★★★★★ - 8 ratings
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Previous Episode: Wintrust Business Lunch 8/26/22: Markets drop after Fed speech, Bennett Day School, and rent a space with NockNock

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Steve Grzanich has the business news of the day with the Wintrust Business Minute. Chicago-based Home Partners of America is halting home purchases in 38 cities, the latest real estate company to pull back as housing markets overheat. The company’s pausing purchases in Boise, Fresno, Memphis and 25 other areas starting Sept. 1 and will […]

Steve Grzanich has the business news of the day with the Wintrust Business Minute.

Chicago-based Home Partners of America is halting home purchases in 38 cities, the latest real estate company to pull back as housing markets overheat. The company’s pausing purchases in Boise, Fresno, Memphis and 25 other areas starting Sept. 1 and will add 10 more locations on Oct. 1. Home Partners of America says it hopes to resume purchasing homes in those markets in the future.

Also, Abbott Nutrition is restarting production of SIMILAC baby formula at its plant in Sturgis, Michigan. Listen for more below:

https://serve.castfire.com/audio/4002258/4002258_2022-08-29-192058.64kmono.mp3