Articles Tagged with ''San Jose''

San Jose bans evictions on unpaid federal workers

City council moves to protect federal workers during shutdown
Prior to the end of the longest government shutdown in the nation's history, the city of San Jose moved to ban all evictions in the city on unpaid federal workers until one month after the shutdown ends.
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Redfin: Home prices post smallest increase in 6 years

Buyers turning to the Midwest and South for affordable homes, lower cost of living
In September, home prices posted the smallest increase in six years, according to the latest data collected from Redfin. Redfin Chief Economist Daryl Fairweather said rising mortgage rates, paired with already high home prices, are giving pause to homebuyers in expensive West Coast markets.
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Zillow: Mortgage payments biggest financial burden since 2009

San Jose is the most unaffordable U.S. city
The share of median income needed for monthly mortgage payments on the median U.S. home increased to 17.1%, which is the largest share of income since 2009. Housing costs are taking up a larger share of income than they have historically, says one expert, making it very difficult for homebuyers.
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New American Funding expands to Silicon Valley

Celebrated grand opening with red carpet event
New American’s new branch will occupy about 4,000 square feet of contemporary office space in the downtown San Jose area at the top of a 16-story high rise, and the company held a red carpet event to celebrate its grand opening. It selected a new branch manager to lead the new team, and expects to originate $250 million in loans in the coming year.
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As summer wraps up, here are the hottest neighborhoods to close out the season

Can you guess the cities the neighborhoods are in?
With the year more than half way over, online real estate brokerage Redfin decided to reassess the hottest neighborhoods for 2017 and see what markets have stepped up their game to make the list now. Given the rapid changes in the market, here’s a new list to showcase the hottest neighborhoods for the second half of the year. The cities the neighborhoods are located in should come as no surprise.
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Clear Capital: Housing the second half of 2015 not so hot

Reaffirms this is a "non-growth year"
This year is already halfway over, and according to a new market report from Clear Capital, the rest of the year doesn't not look too bright. "With a first full look of the spring buying season and six-month update to the forecast, our data through June confirms our initial projection that 2015 would be a non-growth year," said Alex Villacorta, vice president of research and analytics at Clear Capital.
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Freddie Mac: Top 5 most improved housing markets

Despite weak market, still improving
While the housing recovery remains at a snail’s pace, it is still improving, with the markets that exhibit stronger local economies and favorable demographics on an even faster pace of improvement. And these 5 metros top the charts for most improved.
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