What's Happening in Real Estate

A digest of important recent news and developments in real estate.

Those Fed cuts are adding up. Here's how lower interest rates affect credit card, mortgage and savings rates
“The cumulative effect is growing,” says Greg McBride, chief financial analyst at Bankrate.com.
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Apple will invest $2.5 billion to help fix California’s housing shortage
Apple’s commitment follows similar pledges from the likes of Facebook.
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Here are the 10 most valuable houses in Silicon Valley
The list of top owners presents a small window into the movers and shakers in the valley.
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County raises property taxes on some Stanford homes
The county is valuing some single-family homes 12% to 48% higher than last year
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8.3 million first-time buyers poised to hit the market by 2022
A wave of first time buyers is expected to fall upon the U.S. housing market in the next three years.
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Who Owns Silicon Valley?
10 power brokers own about $59.2 billion in taxable property
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How Google and San Jose State can team up on downtown plan
Google’s visionary plans for a transit-centric development near downtown’s Diridon Station neighborhood continue to march forward.
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Walkability is a key factor for wealthy millennials buying real estate
For rich millennials, the living is easy when everything they need is within walking distance.
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Best wishes
Dominic Nicoli