This spring, Russian entrepreneur and billionaire tech investor Yuri Milner bought a $100 million mansion in Silicon Valley, the most expensive luxury home sale this year.
The housing market is on the mend. Home prices rose 10.8% year-over-year in April, according to the Case-Shiller 20-city home price index. Meanwhile, sales of new homes jumped 18.6% in April to a.
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An Argentine developer bought the land for $125 million, setting records for a per-acre price in South Florida. They’ll see a return on investment with the Aston Martin taking interest in the luxury real estate – the units going for $50 million. The Aston Martin condos are just one of the new projects underway along the river.
The housing market is making strides, but is still recovering from the worst crash in decades, according to a new report from the Harvard Joint Center for Housing Studies. Home construction has.
The estate agency market agrees that the sub-R2 million sectional title market and the house market of up to R4 million is showing the most activity in the country. "The demand in these segments far outstrips supply where price growth can be expected.
With tax breaks ending for high end homes, sales of luxury homes should moderate further. Million dollar home sales fell 10.7% yoy. nar says the hottest cities were Columbus, Ohio; Boston-Cambridge-Newton, Mass.; Midland, Texas; and Sacramento and Stockton-Lodi, California. See more on the California housing market, Boston housing market,
JW Showcase CoreLogic: Underwater mortgages back above 11 million in 4Q CoreLogic: More foreclosures lead to fewer underwater mortgages corelogic: underwater mortgages back above 11 million in 4Q – CoreLogic: More foreclosures lead to fewer underwater mortgages lennar corp. 4Q earnings down 5.5%, revenue up 11% CIT Group 4Q interest income fell to $754 million. obama details mortgage relief plans – CBS News – Obama details mortgage relief plans.bethesda, MD-JW Marriott Hotels & Resorts and Christie’s is hosting a traveling art exhibit this spring in Atlanta and Denver featuring Impressionist & Modern paintings, American art, 19th Century European art and a selection of exceptional rare and vintage timepieces.Ocwen Financial taking a beating in the ratings, on the Street 2018 HW insiders: kimberly hartsough Kimberly Hartsough, senior vice president, national production operations manager at PrimeLending, is just one of those people who is out to make everything and everyone around her better.KBRA rates third Invitation Homes single-family 2014-SFR2 Excluding the subject transaction, there have been 33 other single-borrower, single-family rental securitizations issued since November 2013, nine of which will have been repaid in full prior to maturity. (Two more, Invitation Homes 2014-SFR2 and 2014-SFR3, are expected to fully repay this month.)
· The sale of 576 Meadow Lane was among a late fall rush of uber-luxury properties that sold for more than $30 million (one 18-acre property sold for a whopping $147 million). The mansion on Southampton’s “Billionaire Lane” is approximately 8,000-square-feet over two acres of land.
"Courtesy of Rochelle Maize/Nourmand & Associates Multimillion dollar mansions hit the market in Beverly Hills. executive.
Deutsche Sees 48% of All US Mortgages Underwater in 2011 Deutsche bank analysts karen weaver and Ying Shen said home price declines will have the biggest impact on prime conforming loans, which make up roughly two-thirds of all mortgages. Of these types of loans , 41 percent will be upside down by the first quarter of 2011, up from 16 percent at the end of the first quarter of 2009.LA man sentenced to 11 years in foreclosure scam A foreclosure scam that lasted for 15 years ended with the sentencing of 48-year-old Glen Alan Ward of Los Angeles on Tuesday. Ward, who was a federal fugitive for 12 years, ended up receiving an 11-year sentence after pleading guilty to three separate charges.
Las Vegas’ luxury housing market improved dramatically last year, with 341 previously owned homes selling for at least $1 million each, almost double from 2012, according to the Greater Las Vegas Association of Realtors. But business is down this year, with 187 used million-dollar homes sold through mid-August, a pace of about 300 deals for 2014.
Yardi launches new portfolio management product AeroSafe will use the funding to accelerate its sales and marketing efforts, launch additional value-added services and technologies, and expand into new geographies. This press release features.