Here’s How to Fix Silicon Valley’s Housing Gap, According to San Jose Mayor Sam Liccardo via @siliconmag mlsiliconvalley.com/how-to-fixing-… – Carolyne Zinko (@CarolyneZinko) 16:07 – 2019/08/09
Millennials are looking forward to buying a home, but feel overwhelmed by the process https://www.onenewspage.com/n/Property/1zlq13qu7h/Millennials-are-looking-forward-to-buying-home.htm
Millennials are looking forward to buying a home, but feel overwhelmed by the process
Millennials are buying homes. This much is known. But, despite the much-discussed generation making their entrance into the housing market, many still are still very uneasy about the process. The post Millennials are looking forward to buying a home, but feel overwhelmed by the process appeared first on HousingWire.
Bay Area median home price fell 2.3% last year, first annual drop since 2011
The median price paid for an existing, single-family home in the Bay Area fell in 2019 for the first full year since 2011, according to data from the California Association of Realtors. Forces pushing prices up — the region’s booming economy, chronic housing shortage and a hotly anticipated flood of initial public offerings — were offset by negative factors, including strained affordability, outmigration to cheaper locales and shrinking federal tax breaks for homeownership. The association’s ...
Housing: California is moving in right direction, but must go faster
Local control over land-use decisions is a tenet of the California experience. However, these days most serious policymakers have come around to the premise that the state needs to take some degree of action to ensure that local governments approve more projects and increase zoning capacity thereby allowing more housing to be built on any given site.
Stockton's 29% rent jump in five years topped a national ranking
STOCKTON, Calif. — While Stockton rents aren't close to being the highest in the country, they were the fastest growing, according to a study by Apartment List. On a national ranking, Stockton's 29% rent jump over the past five years beat out other ranked cities in Colorado, Arizona, Florida and Texas. Sacramento and Anaheim were two other California cities to crack the top 10, ranking 9th and 10th, respectively. For comparison, the national rent index grew by 11.3% over the same 5-year pe...
The Silicon Valley Economy Is Here. And It’s a Nightmare.
Vanessa Bain was less than a year into her gig as an Instacart shopper when the company announced it would no longer allow tipping on its app. Instacart instead began imposing a 10 percent “service fee” that replaced the previous default tip of 10 percent. The change had no impact on customers, who could be forgiven for assuming that the new fee would still go to the workers who shopped for their groceries and delivered them to their homes. “It was deceptive to customers,” Bain said. “They th...
Bay Area megaprojects fail to deliver on big housing promises
Three projects — the San Francisco Shipyard, Treasure Island and Parkmerced — represent about 35% of San Francisco’s housing pipeline. But nearly decade after they were approved, these megaprojects have languished, underscoring the problem of relying on massive redevelopments to address the region’s housing crisis.
She left California to find an affordable place to live — and became a homeowner
According to the U.S. Census Bureau’s state-to-state migration data, about 691,000 people left California for another state in 2018.
It’s now illegal in California for landlords to turn down housing vouchers
As of 2020, it’s illegal in California for landlords to refuse to rent to tenants who rely on federal housing vouchers to put a roof over their heads. But it seems some Bay Area landlords didn’t get the message—or simply don’t care. The San Jose Mercury-News found scores of rental ads marked with the dreaded “no Section 8” rider across various Bay Area markets, with violations particularly flagrant on Craigslist. And yes, it’s true. In San Francisco, nine active ads ranging from $1,650 to $...
San Jose votes to convert mobile home park into 700-unit housing development
San Jose's City Council unanimously approved plans to transform a mobile home park into a housing development to ease the housing shortage.
Is California's controversial housing production law working?
More than four dozen projects are in the works under SB 35, but most are smaller developments.
The Bleak California Housing Picture By Numbers
As the debate over SB 50 and other state legislative efforts to boost California’s housing supply heats up, it’s worth reviewing some of the data about how dire the housing situation is in the state. Here are some tidbits: High Home Prices and Rents: According to the California Legislative Analysts Office, the average California home … Continue reading "The Bleak California Housing Picture By Numbers"
Key California housing bill’s chances of passing just improved dramatically
State Sen. Scott Wiener’s SB50 , which would clear a path for denser housing around public transit and in wealthy suburbs , got a big push forward Friday when the Senate’s leader steered it out of the committee where it stalled last year.
Kaiser, Blue Shield pledge $45M to California housing fund
Hospital giant Kaiser Permanente and insurer Blue Shield of California on Friday pledged $45 million to a new state fund aimed at getting people off the streets. Gov. Gavin Newsom signed an executive order last week creating what he proposes to be a $750 million fund that could be used to pay rents, subsidize affordable housing or help board and care homes. Kaiser is contributing $25 million and Blue Shield of California is contributing $20 million. “Chronic homelessness has been shown to cut...
San Jose opens first affordable housing complex for the homeless
After many years of planning and construction, community leaders celebrated the grand opening of Second Street Studios-- San Jose's first affordable housing development strictly reserved for the formerly homeless.
Will the housing market crash in 2020? We asked real estate experts to look ahead
The Bay Area just said goodbye to a decade when real estate prices soared to astronomical heights. At the start of a new decade, what will 2020 bring?
Editorial: A “yes’ vote on Measure E will help solve San Jose’s housing crisis
The bottom line on Measure E for San Jose voters is this: The city must step up and do its part if San Jose has any hope of solving its housing crisis. Measure E would provide a crucial, steady stream of funding — estimated at $22 million-$73 million a year, depending on the state of the economy — for creating more affordable housing in San Jose. The money would come from a permanent new property transfer tax on commercial, industrial and residential properties worth at least $2 million — th...
San Jose needs multiple approaches to end housing crisis
Confronting our challenge requires several tactics, but with eyes wide open to the limitations of each.
Trump’s Fair-Housing Policy Moving Away From Overreach Of Obama Era.
The Trump administration is moving away from the overreach of the Obama era.
Hollywood Mostly Silent as Silicon Valley Pledges Billions to California’s Housing Crisis
With the tech titans pledging $4.5 billion to help create affordable housing, how much is the entertainment biz really doing to tackle the crisis causing the homelessness epidemic in SoCal?
The Most Pivotal Multifamily Stories of 2019
By all accounts, 2019 was a healthy year for the multifamily industry in the U.S. Rent growth continued, with the Southern and Southwest markets dominating the increases, and 320,000 multifamily units were absorbed nationwide in the first 11 months of the year. But the sector wasn’t without its obstacles or creative responses. Read on for our roundup of the top multifamily real estate stories of 2019. Rent control was arguably one of the biggest buzzwords in real estate in 2019. The crisis t...
L.A. rent rose 65% over the last decade, study shows
Rent in L.A. rose 65% over the last decade, or roughly 30% more than the average national increase, according to a new study from RentCafe.
A California Housing Crisis Mystery: Rents Are Way Up This Decade, but Eviction Filings Are Way Down
While the median rent in California increased 23% between 2011 and 2018, the number of times California landlords sued their tenants to evict them dropped
North Bay Counties May Be Losing Residents, State Estimates Show – NBC Bay Area
Napa, Marin and Sonoma counties are estimated to have lost a total of 3,229 residents between July 2018 and July 2019. They are the only counties in the Bay Area estimated to have lost residents, the data show.
What I learned moving to San Francisco from the Texas suburbs
Bay Area weather, a high cost of living, and tech's prevalence are some of the things about America's biggest tech hub that I've had to adjust to.
As rents soar, more small businesses turn to loan program to buy property
From Milpitas to San Francisco, a Small Business Administration loan program is helping local companies stay in the Bay Area.
San Francisco homeless and dirty streets addressed through holidays, even by President Trump
President Trump took to Twitter yesterday to criticize San Francisco's homeless and crime problems again, yet in recent months, the city's clean up efforts have started to pay off, but the mayor thinks it'll still take a lot more time and resources.
California’s farmworker housing crisis has people sleeping in dining rooms http://www.santacruzsentinel.com/bay-area-housing-crisis-farmworker-families-doubling-up-2
California’s farmworker housing crisis has people sleeping in dining rooms – Daily Democrat
Santa Cruz and Monterey counties need to add 33,159 housing units — a 13 percent increase — just to alleviate over-crowding in farmworker homes.
A vestige of segregation could go before California voters next year – Daily Breeze
The repeal of a constitutional amendment discouraging public housing — a vestige of pro-segregation sentiment in the 1950s — could go before California voters next year.
Since Nobody Asked About Housing in Last Night’s Debate, Here’s Where the Democratic Candidates Stand
On Thursday, seven democratic candidates took the stage at Loyola Marymount University to hash it out in the final Democratic debate of 2019. The Los Angeles sparring match was the smallest gathering of nominees yet, and saw candidates tackle a wide assortment of topics, from immigration to the economy to the role of billionaire-filled “wine caves” in electoral politics. But to the surprise of many Californians, one big issue wasn’t addressed: housing. Though housing and homelessness rank am...
Woman’s rent hike forces her to find a new home during the holidays
After some digging, she discovered that California lawmakers passed AB 1482 in September, tough new rules that caps rent increased at roughly 9% a year and make evictions more difficult for landlords.
Here's how much rent has gone up in the Bay Area since 2010
In San Francisco, tenants are paying 70 percent more than in 2010.
California housing goals an economic and physical impossibility – The Mercury News
Newsom said he'd triple California housing construction, but after his first year as governor it's shrinking.
Newsom’s housing campaign promises are running into reality – Marin Independent Journal
As he was running for governor, Gavin Newsom repeatedly and emphatically promised to attack California’s housing shortage head-on, pledging in an online article to “lead the effort to develop the 3…
Rents are way up this decade, but eviction filings are way down
Despite a major run-up in rents, California landlords are using the courts far less frequently to remove tenants. What’s going on?
Bay Area targeted in rental scam, Better Business Bureau says
SAN FRANCISCO (KGO) -- Renters here in the San Francisco Bay Area are more likely than most other areas of the country to be victimized by a rental scam.That's just part of a new study released on Tuesday by the Better Business Bureau. 7 On Your Side's Michael Finney looked deeper dive into this issue.A Stanford trained economist estimates more than five million people have been victimized by this scam. Many people end up putting down money for rentals that don't exist or aren't really availa...
California's Housing Crisis — Strong Towns
Affordable housing shortages in California (and other states) are worsened by a go-big-or-go-home model of development: we throw up so many barriers in the face of incremental change that the only building projects that remain viable are huge, complicated ones with many possible points of failure.
How PG&E fight could endanger major California housing bill
A California labor group with strong ties to Democrats endorsed a state housing bill known as SB50 earlier this year, before it stalled in the Legislature. But affiliated unions representing plumbers and electricians are weighing whether to oppose it when it returns in January, in part because the San Francisco Democrat carrying it, state Sen. Scott Wiener, has floated proposals to break up PG&E that the labor groups fear could eliminate jobs.
US Rep. Jackie Speier pushing for Caltrain housing
US Rep. Jackie Speier pushing for Caltrain housing Congresswoman wants railroad to prioritize affordable, workforce housing on underused land By Zachary Clark Daily Journal staff 2 hrs ago Save U.S. Rep Jackie Speier is urging Caltrain officials to adopt a land use policy that would prioritize affordable and workforce housing on the railroad’s underused property. “Generally speaking, I believe that public lands should be used to create as much affordable housing as possible given all constra...
Number of homes for sale in San Francisco Bay Area plummet from 2018
Is this thing on?
Public Policy Institute of California
Home values and rents in California are among the most expensive in the nation, and the state has one of the highest rates of homelessness. Californians are increasingly concerned about these issues, with more than a third saying they've considered leaving the state due to housing costs.