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The Engel & Völkers News Brief | May 10, 2019

Friday, May 10th, 2019 at 12:00pm Engel & Völkers

E&V News 

Facebook CEO Mark Zuckerberg Buys Two Lake Tahoe Estates for $59 Million, Report Says 
USA Today
In the past six months, the Facebook CEO quietly purchased two adjoining estates on the West Shore of Lake Tahoe near Tahoe City, the Wall Street Journal reported.

Medical Device Inventor Sells Wellington Equestrian Estate 
The Real Deal
A Minnesota medical device scion whose family is credited with spurring on the state’s medical technology industry sold his Wellington estate for $5.5 million.

Sausalito Houseboat Called the 'Fortune Cookie' Asking $450,000 
SFGate
With a swooping roof, a houseboat in Sausalito listed for $450,000 is known as the "fortune cookie" due to its shape. 

Americas 

Weekly Mortgage Applications Rise 2.7% in a Strong Week for Homebuyers 
CNBC
After pulling back for several weeks, homebuyers stepped back into the mortgage market last week.

What the Spring Real Estate Market Will Tell Canadian Banks About Their Whole Year 
Financial Post
Green shoots offer hope for growth in residential mortgages that has so far been underwhelming.  

International 

The Global Danger Zones in Emerging Property Markets 
Bloomberg
As growth worries and trade war jitters threaten to spoil any rebound for emerging markets in 2019, property markets are shaping up as a critical element to monitor for further signs of gloom.

Luxury Living 

The Met Museum Pulls out All the Stops in Its Quest for Camp 
Architectural Digest
Go inside this year's Met Costume Institute exhibition and gala with head curator Andrew Bolton and acclaimed theatrical designer Jan Versweyveld.

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