Items Tagged with 'Silicon Valley'

ARTICLES

  • Monday Morning Cup of Coffee: LinkedIn invests $10m in Silicon Valley affordable housing

    The rent is too damn high!
    Every week, it seems like there’s another example of people (or companies) going to extremes to secure housing in the Bay Area. Earlier this year, Facebook and Google both announced plans to help build new, affordable housing in Silicon Valley. And now, LinkedIn is joining in too. All that, and more, in your Monday Morning Cup of Coffee.
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  • Monday Morning Cup of Coffee: Is Equifax using “creative” accounting to justify executive bonuses?

    Wipes away breach costs in recent earnings statement
    Is Equifax playing some accounting games to try to make its business look better in the aftermath of the massive data breach? Some people seem to think so. Plus, is one of the mortgage business' top startups backed by Russia's biggest bank? All that, and more, in your Monday Morning Cup of Coffee.
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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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  • Live in Silicon Valley? Check out this new first-time homebuyer grant

    Money to cover closing costs
    First-time homebuyers in the infamously tough California housing market are in luck thanks to a new closing-cost grant from local Realtors. The Santa Clara County Association of Realtors and the Silicon Valley Association of Realtors secured a $100,000 grant from the California Association of Realtors Housing Affordability Fund to aid first-time homebuyers in the area.
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  • Monday Morning Cup of Coffee: Black Knight projects record-high home equity

    Rising home prices increase available equity and bring underwater borrowers back in the black
    Black Knight’s latest Mortgage Monitor report finds that rising home prices have both decreased the number of borrowers underwater on their mortgages while increasing the amount of equity available to homeowners. In fact, home equity could hit a record high this summer. Plus, a mixed-use development on a landfill? Check out the article to learn more.
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  • From HW Magazine

    A perfect storm in Silicon Valley

    How the Bay Area’s insane job market creates an unsustainable and even crazier housing situation
    The Silicon Valley area added 385,000 jobs between 2010 and 2015, but only issued building permits for 58,000 units in that same time frame, creating an unsustainable housing marker that shuts out all but the richest buyers. What, if anything, can be done to cool off skyrocketing home prices?
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  • Evictions in America: A tale of two cities

    The approach of NYC versus San Francisco is enlightening
    The contrast between how New York City and San Francisco have approached the affordable housing crisis is striking. Both cities are large metropolitan areas with little geographical room to build. But in once case city action led to an 18% decrease in evictions, in another it led to an increase of 32%. 
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  • Even a housing official in Silicon Valley can't afford to live there

    The harsh reality of Silicon Valley
    Aside from being a product attorney at a tech firm, Kate Downing also served as a planning and transportation commissioner for Palo Alto. Her responsibilities in the position included pushing city officials to build more housing and pass pro-development policies that could help solve the growing affordability crisis. Ironically, Downing recently took to Medium to say she can't afford to live in the city anymore either.
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