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A recent national report is putting San Jose on the map for all the wrong reasons. The city is the toughest place to buy a home with the worst price-to-rent ratio, according to an analysis by real estate data company Clever. The company ranked 50 of the most populous U.S. metros with the goal of...
UPDATE: San Jose abandons affordable housing preservation proposal
After years of deliberation and analysis, hundreds of public comments and heated jabs hurled between San Jose councilmembers, a controversial housing preservation proposal is dead. The San Jose City Council voted 9-2 to reject the Community Opportunity to Purchase Act, or COPA, which would’ve given qualified nonprofits the ability to make the first offer on...
When will downtown San Jose get another grocery store?
The once-busy corner of Second and San Fernando streets in San Jose that was home to a Safeway has been vacant for three years, and retailers are not jumping at the chance to fill the space. Safeway closed in 2019, after opening in 2009 to great fanfare. It was the only grocery store at the time...
Longtime San Jose sports club could become housing
A beloved tennis and swimming club that’s operated for nearly seven decades appears likely to be sold, demolished and redeveloped with dozens of townhomes. The San Jose Swim & Racquet Club is “under contract” to be sold to a developer, Dion Campisi, a real estate agent with Colliers International representing the seller, told San José Spotlight....
San Jose home sales are slumping, report says
San Jose has seen the steepest decline in home buying among major California cities during the last two years, and the slide hasn’t let up yet. A recent Insurify report reveals San Jose had a 31% drop in home buying between 2021-22, which local real estate experts said is due to a combination of factors—high interest rates, lack...
Is San Jose’s progressive housing policy dead?
A contentious affordable housing policy coming to the San Jose City Council appears to be dead on arrival. The Community Opportunity to Purchase Act, or COPA, is coming to the city council in late April, but it seems the long-debated policy will not have enough votes to pass. Councilmember Peter Ortiz tried and failed to defer the policy...
Renters say San Jose policies aren’t working
San Jose tenants say the city’s rent control policy is ineffective. This bleak finding comes from a recent survey featuring more than 200 tenants and landlords who report feeling underwhelmed by ongoing city efforts to slow soaring rent costs. The survey, conducted by consulting firm RSG, is part of a larger effort to collect feedback from tenants...
What’s next for blighted San Jose theater?
A dilapidated theater is ready to be annexed into San Jose. How it will be used is up in the air. The San Jose City Council unanimously voted Tuesday to annex nearly an acre of land that’s home to the 74-year-old Burbank Theater at the intersection of South Bascom and Parkmoor avenues. The annexation enables a developer to...
Could new San Jose policy save affordable housing?
More than 100 residents stood in front of San Jose City Hall with empty moving boxes and suitcases in hand on Monday to represent the increasing displacement rates in the city, as housing and cost of living prices remain high. About 20 nonprofits, including SOMOS Mayfair and the South Bay Progressive Alliance, organized the rally...
Silicon Valley lawmaker says ‘missing middle’ can’t afford housing
One Silicon Valley lawmaker wants the state to get into the housing market to assist residents who earn too much to qualify for low-income housing, but don’t earn enough to afford a market-rate home. To help these residents, known as the “missing middle,” Assemblymember Alex Lee introduced Assembly Bill 309 earlier this year. If approved, AB 309 would...