The capital of the global luxury home market during the first quarter of this year was Dubai, according to a new data analysis from the real estate consulting group Knight Frank. Working with the definition of luxury homes being residences costing $10 million and up,...
There was more troubling data from the commercial real estate industry: Trepp Inc. reported its CMBS Special Servicing Rate climbed 31 basis points in June to 6.42%, marking the fifth increase in a row and the third largest this year. The rate was at 5.17% six months...
Nationwide Property & Appraisal Services (NPAS) has acquired Houston-based Integrity Appraisal Management. The financial terms of the transaction were not disclosed. Integrity President Shawn Thompson and his employees will remain in their positions as the...
The June reading for Fannie Mae’s (OTCQB: FNMA) Home Purchase Sentiment Index saw a scant 0.4-point uptick to 66.0, with the full index up by only 1.2 points from one year ago. However, there is a slight level of optimism among consumers – at least compared to one...
First American Financial Corp. (NYSE: FAF), a Santa Ana, California-based provider of title, settlement and risk solutions for real estate transactions, has hired Jody Mulkey for the new position of chief technology officer. In this new position, Mulkey will oversee...
The luxury home building firm Toll Brothers Inc. (NYSE: TOL) has promoted John A. McCullough to president of Toll Brothers Apartment Living, the company’s multifamily division. In his new job, McCullough will be responsible for leading all acquisitions,...
