Nationwide changes in the way real estate agents are compensated might not make a difference in Silicon Valley. A pending settlement from the National Association of Realtors (NAR) could be an industry game changer that upends the commissions homebuyers pay real estate agents. The key changes could come as soon as July. This includes real estate...
Deal falls through at former San Jose Safeway
An empty commercial space in downtown San Jose where a Safeway was previously located is still vacant nearly five years later, after an oral wellness company backed out of a deal to move there last summer. Downtown advocates and residents remain hopeful another grocery store can fill the space, but officials say that could still...
Formerly homeless veterans in San Jose live in squalor
For years, homeless veterans housed at an emergency facility in San Jose have lived with bed bugs, black mildew, fire hazards and a lack of warm water — and they’re relying on outdated evacuation plans, disconnected fire sprinklers and unsafe electrical systems. These are the conditions described in a Santa Clara County inspection report for...
Angelou’s in downtown San Jose reopening on First Street
Fans of hearty burritos and saucy enchiladas may have felt a pang of absence when Angelou’s Mexican Grill closed its doors at 21 N. Second St. in downtown San Jose at the end of 2023. But devotees of the San Jose institution can take comfort knowing Angelou’s is set to resume slinging Cali burritos, carne...
What’s next for blighted former church in San Jose?
Months after work crews removed tattered tarps and worn wraps from a languishing, historic former church in downtown San Jose, preservationists are worried city officials have lost urgency around protecting the building for the long term. The former First Church of Christ Scientist near St. James Park has been exposed to public view since late...
Silicon Valley office vacancies stuck in double digits
Silicon Valley’s offices are rapidly emptying out, as the paradigm-shifting remote work culture brought on by the pandemic continues to affect the commercial real estate market. A December report from the research arms of Joint Venture Silicon Valley and commercial real estate firm JLL Silicon Valley shows demand for office space in the third quarter of...
San Jose residents are unhappy homeowners
San Jose is one of the worst U.S. cities for someone looking for the most bang for their buck on housing. According to a report from All Star Home, San Jose ranks second worst when it comes to homeowners’ happiness with their homes and neighborhoods, compared to the price they pay to live there. San...
Santa Clara County has the second most expensive U.S. housing market
Santa Clara County is the second most expensive county in the nation to buy a home, yet demand is still strong. The county’s No. 2 ranking helps secure the Bay Area as the most expensive metro area in the U.S. for the eighth consecutive year, according to PropertyShark, a blog covering real estate trends. Its latest...
Silicon Valley’s hottest housing markets lose residents
Median home sale prices have skyrocketed in Silicon Valley’s hottest housing markets and residents are moving out. A new study by Joint Venture Silicon Valley found the region’s median home sale price reached a peak of $1.53 million in 2022, bolstered by three top competitive markets — Fremont, Santa Clara and Sunnyvale. Heidi Young, senior...
How San Jose State wants to house teachers
With an exodus of teachers fleeing pricey Silicon Valley, the city’s largest university is weighing how to create affordable housing for educators on district-owned land. San Jose State University envisions partnering with public school districts across Santa Clara County to combat the housing crisis and the soaring cost of living dilemma that has driven teachers...