Speaking of San Diego, Robert Sarver, owner of the Phoenix Suns and a director of Meritage Homes bought 91,900 shares of Meritage Homes common stock last week.
Sarver made his fortune in San Diego real estate. When Sarver was in his early 20’s he took control of his father’s small San Diego bank when his father died unexpectedly. He invested strongly in San Diego real estate in the 1990’s when others were afraid to.
Meritage Homes is based in Scottsdale.