Silicon Valley real estate shows who’s winning in tech right now


Here is the latest Real Estate News from CNBC.

Silicon Valley real estate shows who’s winning in tech right now
Despite a slowdown in tech startup funding and a hammering of public tech stocks earlier this year, Bay Area commercial real estate is as hot as ever.

Airbnb winning in Rio, even in poorest neighborhoods
Rio, a city that once lacked enough hotels and is living under Brazil’s recession, has meant big opportunity for homesharing.

Mortgage applications jump 7% as rates drop on weak GDP
Lower interest rates driven by a weak GDP reading for the second quarter boosted mortgage applications last week.

The big jobs number is a win for luxury housing
A larger-than-expected employment gain in July could boost the recovery in prices for luxury U.S. homes.

Sterling slump knocks London off most-expensive spot for locating staff
Sterling’s slump since the Brexit vote means London is no longer the world’s most expensive city for companies to locate staff, says Savills.

Mortgage applications fall 3.5%, even as rates move lower
A slight drop in interest rates was not enough to rejuvenate the mortgage market, although refinances are still elevated.

Brexit vote created free money for US homeowners: Why banks can’t keep up
A drop in mortgage interest rates after the Brexit vote has borrowers rushing to the bank, some hoping to cash in.

Apartment market ‘increasingly jittery’ for investors
Rents are soaring and demand for apartments is historically high, but some developers are overestimating the market.

Pending home sales eked out 0.2% gain in June
A big bump higher in June home sales failed to materialize as expected, because buyers were met with little supply of listings.

How Pokemon and Trader Joe’s can help sell your home
If there’s a Trader Joe’s or an NFL stadium nearby, your home may be worth more.

Mortgage applications to buy and refinance drop 11%
Interest rates are rising and so are home prices. That is putting pressure on borrowers and buyers alike.

Food is ruling retail real estate, and food trucks are moving in
E-commerce may be driving consumers away from shopping centers, but food is pulling them back in.

Americans will soon spend $321 billion fixing up their houses
Home equity is back, and headed for the bathroom, or the kitchen, or wherever homeowners see the greatest returns.

Green light for Carney? Why construction industry may need stimulus
Monetary stimulus may be needed to prevent a slump in U.K. construction following the Brexit vote.

London’s first $200M apartment? Property next to Buckingham Palace for sale
A vast luxury property in London’s Admiralty Arch, overlooking Buckingham Palace, could sell for up to $197 million, say media reports.

UK property dip? Why Brexit may not be the main cause
The Brexit vote may have less impact on the country’s residential property market than the hike to stamp duty introduced in April.

How ‘Pokemon Go’ could help you sell your house
Realtors are incorporating “Pokemon Go” features into ads to help sell houses. Will buyers respond?

More renters sour on homeownership, some blame student debt
A new survey is showing weaker traffic at open houses and less interest in taking on a mortgage.

Here’s why UK commercial property funds may be flawed
After a week of woes for UK commercial property funds, analysts and industry experts have pointed to a flaw in the design of these funds.

Foreign buyers flood US real estate, but buy cheaper homes
The appetite for U.S. real estate continues to flourish, but foreign buyers are shifting from luxury to less-pricey properties.

Mortgage refinances jump 21% on near record low rates
A Brexit bonus is spurring U.S. homeowners to refinance their mortgages.

How the refinancing boom could hit banks, investors
Low rates will mean short-term pain for some large mortgage servicers as well as investors in mortgage-backed securities.

Finally, relief for apartment dwellers as rent hikes ease
After hitting highs in 2015, rents grew at an annual rate of 3.7 percent in the second quarter versus 5.1 percent last year.

This private equity giant wants to give landlords millions — here’s how
B2R, a mortgage company owned by Blackstone Group, is offering mortgages for investors that require nothing of the borrower.

Weaker pound may spur UK luxury real estate after referendum

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