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Here’s what Valley economists say about possible Phoenix housing market plunge

ktar.com PHOENIX – Local economists are saying a recent report projecting a 2008-like plunge in the Phoenix housing market is no reason to panic. The New York Post reported Tuesday…

Want an ‘Average’ Retirement Lifestyle? You’ll Need More Than $1 Million—Sometimes a Lot More

barrons.com It now takes retirees more than a cool million to fund an average lifestyle in nearly 40% of the 384 U.S. metropolitan areas. Nationally, retirees would need an average nest…

Want to be a homeowner in 2023? Here’s something you should know

marketwatch.com If you’re a renter dreaming of homeownership in 2023, here’s the hard truth: It may be cheaper to remain a tenant, at least for now. Across the 50 largest metropolitan…

Amazon to sell massive 29-acre Bay area office site

foxbusiness.com E-commerce giant Amazon is reportedly going to offload an office complex it has in the Bay Area of Northern California. The nearly 29-acre site is located in Milpitas, a…

A dozen eggs for $3.35? It exists at this Bay Area farm

siliconvalley.com With an ongoing egg shortage and super-high egg prices – the result of avian flu, rising supply costs or corporate greed, depending who you talk to – many consumers are…

Shuttered San Jose drug store site lands a local real estate buyer

siliconvalley.com SAN JOSE — A shuttered drug store site that’s one of the anchors of a San Jose retail center has been bought by a local real estate investment group. The just-bought retail…

Since in many aspects, Ireland has reached the point where anyone who isn't in a banking or tech related field is hard pressed financially. Could we refer to…

irishtimes.com During the pandemic, housing in Dublin moved from being “seriously” unaffordable to “severely” unaffordable, according to US think tank Demographia. The distinction might…

Alaska Air CEO says Silicon Valley business travel has dried up

siliconvalley.com By Mary Schlangenstein | Bloomberg The head of Alaska Airlines says Silicon Valley technology companies have “turned off” their business travel, and it could be as much as…

Half Moon Bay Suspected Gunman Admits Shooting Co-Workers, Blames Mental Illness

forbes.com The 66-year-old man suspected of killing seven people earlier this week at two locations in Half Moon Bay, California, admitted to carrying out the massacre in a rare…

Where Should I Retire?: Want an ‘average’ retirement lifestyle? You’ll need more than $1 million in these cities

marketwatch.com What does it take to have an average lifestyle in nearly 40% of the 384 U.S. metropolitan areas? More than a cool million. Nationally, retirees would need an average nest…

California Supreme Court ends legal limbo for over $545 million in Bay Area bridge tolls

siliconvalley.com More than $545 million in Bay Area bridge tolls are now free to fund transit and highway projects across the region after the California Supreme Court ended a legal battle…

San Jose Man Says Life ‘Ruined' By Valley Medical Center Delays

nbcbayarea.com A San Jose man says he lost this job, his life savings and his home because he’s been forced to wait more than six months for a surgery at Santa Clara Valley Medical Center,…

Single family residence sells for $1.8 million in San Jose

siliconvalley.com 2063 Rosswood Drive – Google Street View A house built in 1958 located in the 2000 block of Rosswood Drive in San Jose has a new owner. The 1,474-square-foot property was…

Goldman Sachs says 4 cities likely to see a 2008-style housing crash: report

thehill.com Goldman Sachs is predicting dark days in 2023 for some of the pandemic’s red-hot U.S. housing markets. The investment bank shied away from predicting a nationwide crash, but…

Live Nation Isn’t Liable for Deadly Backstage Shooting at 2014 Young Jeezy Concert, Court Rules

billboard.com Live Nation is not legally responsible for a deadly 2014 shooting backstage at a Young Jeezy concert, a California appeals court says, because such an attack was not the…

California’s surprisingly solid job market

siliconvalley.com Bosses seem to like hiring in the state they like to hate. And that meant 2022 was a solid year for California’s job seekers. My trusty spreadsheet, filled with 47 years of…

San Jose $247 million lottery winner comes forward

siliconvalley.com The persistent and now-fortunate San Jose lottery player who won $247 million in a Mega Millions drawing in October officially came forward publicly this week, according to…

Living With Climate Change: Gas-stove ban: As U.S. moves closer to action, cooks want to know, ‘What’s the real risk?’

marketwatch.com The U.S. as a whole could be edging nearer to a ban on gas stoves, if the interest of a federal consumer safety agency is any indication. The agency is reviewing gas stoves…

Fannie Mae’s chief economist sees house prices falling by 6.7% over the next 2 years. These are the warning signs

marketwatch.com The real-estate sector is in a quandary. The housing market was a wild rollercoaster ride that ended with a big fat splat last year, with mortgage rates doubling and demand…

Larry Magid: Paradigm shifts of yesteryear, today and tomorrow

siliconvalley.com It doesn’t happen often, but every once in a while there’s a major technology paradigm shift with new products or services that vastly change the landscape or empower us to…

Tech giant moves into new San Jose offices after Silicon Valley mega deal

siliconvalley.com SAN JOSE — A tech giant that has come under increased scrutiny has moved into San Jose offices where the company could employ hundreds — or even thousands — after completing…

We asked ChatGPT to do some homework. Here’s what we got

siliconvalley.com Since ChatGPT‘s release, teachers and students alike have been stunned by the artificial intelligence tool that can write essays, papers, poems — and just about anything a…

IBM and SAP are cutting thousands of jobs

siliconvalley.com By Michelle Toh and Hanna Ziady | CNN IBM and SAP are the latest tech companies to slash thousands of jobs, as they reorganize businesses and profits come under pressure…

Walters: Would wealth taxes bring big bucks or spur California exodus?

siliconvalley.com Would imposing “wealth taxes” on the richest Californians generate a cornucopia of revenues to fill gaps in the state budget, particularly for services to the poor? Or would…

House prices will fall fastest in these seven cities

newsweek.com Affordability will gradually come back to the U.S. housing market in 2023, after two years of booming prices and low stock have forced many potential first-time buyers to…

PayPal Hack Exposes Customer Names, Social Security Numbers

zerohedge.com PayPal Hack Exposes Customer Names, Social Security Numbers Authored by Jack Phillips via The Epoch Times (emphasis ours), Some 35,000 PayPal user accounts have been hacked…

Single family residence sells in San Jose for $1.8 million

siliconvalley.com 1139 Carla Drive – Google Street View A 2,109-square-foot house built in 1968 has changed hands. The spacious property located in the 1100 block of Carla Drive in San Jose…

Pay transparency is here. Corporate America is still catching up

washingtonpost.com While about a dozen states and municipalities, including California and Washington state, now have laws on the books as of January requiring pay transparency in job ads,…

Phoenix housing market crash could bring prices down 25%, report says

azfamily.com PHOENIX (3TV/CBS 5) - Interest rates are sky-high while overall affordability in the Valley is at record lows. Now that the housing market is beginning to cool off, a major…

US housing market shows early signs of recovery as demand rises

foxbusiness.com The housing market is showing early signs of recovery with pending sales of U.S. homes climbing for the first time in a year, according to new data from Redfin. Pending home…

Electric air taxi firm launches big San Jose expansion and is in hiring mode

siliconvalley.com SAN JOSE — An electric air taxi company has completed a leasing deal in San Jose that will enable the cutting-edge tech firm to soar into a local expansion and hire more…

Contract Manufacturer Flex Bends On Lowered Earnings Outlook

investors.com Electronics contract manufacturer Flex (FLEX) late Wednesday topped Wall Street's estimates for its fiscal third quarter. But its guidance for the current quarter was mixed,…

Phoenix could see 2008-like plummet in housing prices, Goldman Sachs report says

abc15.com PHOENIX — Is a 2008-like housing plummet headed for the Valley? It could happen, according to a recent Goldman Sachs forecast sent to clients. The New York Post cited the…

San Jose and Oakland airports both show big passenger gains in 2022

siliconvalley.com Passengers arrive at Oakland International Airport, December 2022. SAN JOSE — San Jose and Oakland airports both soared to huge gains in passenger activity during 2022 — but…

Here’s What We Know About The 66-Year-Old Suspect In The Half Moon Bay Shooting

forbes.com Chunli Zhao, the 66-year-old alleged gunman suspected of shooting seven people at two locations in Half Moon Bay, California, earlier this week is set to appear in court for…

Half Moon Bay shooting labeled ‘workplace violence,’ suspected shooter’s dark history comes to light

siliconvalley.com HALF MOON BAY — A day after a mass shooting at two mushroom farms shook this seaside community, horrific details began to emerge of farm workers hiding in portable toilets…

What color is the sky at San Jose Mineta? It might be ‘sky’

siliconvalley.com Norman Y. Mineta San Jose International Airport rolled out its new branding this week, moving some words around to tout its new identity as San Jose Mineta International…

Goldman Sachs says 4 US cities will suffer a 2008 crash in home values

foxbusiness.com Goldman Sachs expects home values to worsen through 2023 amid continued skyrocketing interest rates and declining housing prices. The firm wrote to clients earlier this…

Bungie Expert: Destiny 2 Cheats Logged “Active Military” Patient Data

torrentfreak.com In June 2022, Bungie obtained a $13.5m copyright infringement judgment against defendants who supplied Destiny 2 cheating software 'Wallhax'. New filings by Bungie claim…

These 4 cities will suffer a 2008 crash in home values: Goldman Sachs

nypost.com As interest rates continue to skyrocket, home prices across the country have continued to plummet — and Goldman Sachs says the declines will only worsen and extend through…

Where You Need More Than $1 Million To Retire

lendingtree.com As the golden years near, many become hyper-focused on how big a nest egg they need to retire. Not surprisingly, the size hinges largely on where that nest is needed, as the…

Sale closed in San Jose: $2.3 million for a five-bedroom home

siliconvalley.com 1423 Beattie Court – Google Street View The spacious property located in the 1400 block of Beattie Court in San Jose was sold on Dec. 30, 2022 for $2,300,000, or $999 per…

San Jose: Northern California’s first Earl of Sandwich shop closes

siliconvalley.com Northern California’s first Earl of Sandwich has shut its doors. The San Jose shop had opened five years ago on Santa Clara Street downtown with such popular sandwiches as…

Court records reveal chilling details about Half Moon Bay shooting suspect

newsweek.com New court documents reveal chilling details about Chunli Zhao, the suspect arrested in the Half Moon Bay mass shooting. On Monday, San Mateo County Sheriff Christina Corpus…

Here are the Bay Area’s most expensive zip codes to rent an apartment

siliconvalley.com The Bay Area is home to nine of the 100 most expensive U.S. zip codes to rent an apartment, according to a new report. But only one local neighborhood cracked the top 50,…

Single-family home sells in Los Gatos for $4.7 million

siliconvalley.com 118 Dover Street – Google Street View A spacious and recently built house built in 2011 located in the 100 block of Dover Street in Los Gatos has new owners. The…

Two-thirds of Americans expect the housing market to crash in the next 3 years, according to one survey

marketwatch.com The housing market may be in a slowdown but home prices remain high. Two-thirds of Americans are expecting it to crash, according to one report. The annual home buyer report…

DOJ sues Google over digital advertising dominance

siliconvalley.com By Eric Tucker and Barbara Ortutay | Associated Press WASHINGTON — The Justice Department and several states sued Google on Tuesday, alleging that its dominance in digital…

Los Angeles Daily News names Tat city hall reporter

talkingbiznews.com The Los Angeles Daily News has promoted Linh Tat to L.A. city hall reporter. Recently, she was an education reporter. Prior to joining the Los Angeles Daily News, Tat…

San Jose senior community is bought by big Chicago real estate firm

siliconvalley.com SAN JOSE — A senior citizen assisted living center in San Jose has been bought by a big real estate firm from Chicago. Oakmont of Silver Creek, a senior citizen residential…

Report: San Jose gun shop inspections by police have big holes

siliconvalley.com A newly released city report found major gaps in police inspections of San Jose’s gun shops, including failures to make required surprise visits and complete follow-up…

Opinion: South Bay Labor Council seeking greater collaboration

siliconvalley.com Political observers often preach the gospel of bipartisan collaboration — the need for politicians to reach across proverbial aisles to find and unify around common…

The Average Rent In Boston Now Rivals Bay Area Cities

forbes.com In a recent story, we examined the average rent in Chicago and how it’s changed over time. In that analysis, we found that Chicago’s average rent had reached its highest…

Pelosi mum on transit fiscal crisis as leaders tout $400 million for Golden Gate Bridge

siliconvalley.com Under crystal blue skies and a postcard backdrop of one of the world’s most iconic bridges, heavy hitters from the White House and Capitol Hill continued a victory lap for…

Single family residence sells in San Jose for $2 million

siliconvalley.com 900 South Monroe Street – Google Street View A 2,136-square-foot house built in 1953 has changed hands. The spacious property located in the 900 block of Monroe Street in…

San Jose airport officially switches to new brand for aviation hub

siliconvalley.com SAN JOSE — San Jose International Airport unveiled a new brand and logo on Monday that emphasizes the aviation hub’s status as a gateway to Silicon Valley. The new logo…

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