Arizona-based Meritage Homes has reported second-quarter data that shows eight consecutive months of year-over-year increases in orders for the company. In addition to home orders numbers, Meritage's recently released survey also catalogs the company's closings and backlog figures. According to Meritage, home orders reached 1,353 units for the quarter ended June 30, representing a 49 percent rise year-over-year. Home order value shot up by 63 percent versus 2011 numbers, totaling $385,829.
Read More »Madonna’s Former Beverly Hills Home For Sale
Aspiring Material Girls take note - Madonna's former Beverly Hills residence can be yours for $18.495 million. The recently listed 1940s estate has also played home to mega-watt stars including Betty Grable and Diane Keaton, and we're sure they;re very thankful that the walls of the seven-bedroom pad cannot talk.
Read More »Americas Insurance Achieves ‘A’ Rating from Demotech
Americas Insurance Company is making the grade, earning an A from Demotech, Inc. The company recently announced its decision to award Americas Insurance with the prime financial stability rating.
Read More »HUD Launches Spanish Website for Making Home Affordable
HUD Secretary Shaun Donovan announced Monday a new Spanish-language website for the Making Home Affordable Program, which seeks to stabilize the U.S. housing market by helping homeowners get mortgage relief and avoid foreclosure.
Read More »Don Imus Lists Waterfront Estate in Connecticut
Radio icon Don Imus and his wife, Dierdre, have listed their Connecticut property for $19.9 million. RealEstalker reports that Imus has taken the waterfront estate on and off the market multiple times, dating from 2009, and when it was originally put up for sale, the Greco-Georgian property carried a much higher price tag of $30 million.
Read More »Famed Mexico City Equestrian Estate Hits the Market
In Mexico City, an architectural masterpiece has hit the market. Equestrian estate Cuadra San Cristobal, which was made famous by its award-winning designer, Luis Barragan, was recently listed for $12.3 million.
Read More »Aite Analyst Evaluates the CMBS Market’s Past and Present
Aite Group is speaking out on contemporary issues in the commercial mortgage-backed securities (CMBS) marketplace. The company's senior analyst, John Jay, recently released his statements in response to a New York Times article evaluating the potential impact of pre-crisis commercial loans.
Read More »MountainSeed Debuts New Commercial Valuation Tool
MountainSeed Appraisal Management, LLC, is targeting the commercial market with the launch of a new evaluation program. According to MountainSeed, the tool will make it easier for appraisers to extend commercial valuations to smaller lenders.
Read More »Buy Whispering Rock, Gain Your Own Private Island
In Montana, a real estate tycoon is looking to divest himself of a luxury, lakeside estate. Donald G. Abbey has listed his famed Whispering Rock property for $78 million, making it the fifth most expensive home for sale in the U.S.
Read More »Commercial Real Estate Group Taps Into Refinancing Rush
In Maryland, Sunrise Senior Living, Inc., is taking advantage of the recent refinancing boom. The real estate company has announced changes to its loan for Bethesda's Fox HIll assisted living community, noting that Sunrise has opted to refinance the existing mortgage.
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