The Mercury News
The Mercury News sent this email to their subscribers on August 13, 2024.
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BAY AREA REAL ESTATETuesday, August 13, 2024CALIFORNIA BUSINESSMEN’S BEACH ‘SANDBOX’ SPAT SPILLS INTO COURT“This case is about a private property owner using a public beach as their own personal sandbox and the disturbing conversion of apublic natural resource…”Read more →DEVELOPER SCUTTLES AFFORDABLE HOUSING PROJECT AT PRIME SAN JOSE SITEA developer has scuttled an affordable housing development that would have produced 100-plus San Jose homes.Read more →WHERE DO YOU LIVE? THAT’S A COMPLICATED QUESTION FOR A MONTEREY COUNTY TOWN WITH NO STREET ADDRESSESNo one in this wealthy California community known for its white-sand beaches and storybook charm has a street address. But unlikethe houses in Carmel-By-The-Sea, those days may soon be numbered.Read more →A FIRST-OF-ITS KIND HOUSING PROJECT COMES TO CUPERTINOThe Mary Avenue project will have 19 apartments designated for adults and families with children who have developmentaldisabilities and 20 for low-income residents.fRead more →BILL WOULD LIMIT CALIFORNIA HOMEBUYER CONTRACTS TO 3 MONTHSCalifornia would be one of at least 20 states requiring buyer representation agreements between home shoppers and their agents ifmeasure passes this month.Read more →BLIGHT WOES MOUNT IN SAN JOSE — WHERE ARE THE BIGGEST OFFENDERS?Blighted buildings, junk-packed empty lots and decaying properties have alarmed a growing number of people in San Jose.Read more →THE ‘A’ WORD: AFFORDABILITY IN HOUSING HAS BECOME A MUDDLED TERMPublic housing? Social housing? Below-market-rate? Do they all mean the same thing? Affordability has become a muddled term.Read more →15-YEAR VS. 30-YEAR MORTGAGE: WHICH IS RIGHT FOR YOU?A shorter schedule requires larger payments but allows you to pay off the loan faster, while a 30-year schedule lowers yourmonthly payments but costs more in interest in the long term.Read more →HOTEL SALES IMPLODE IN BAY AREA AND CALIFORNIA AS LODGING WOES WIDENInvestors paid an aggregate of $447.5 million for hotels in Northern California during the first six months of 2024, according toa new report.Read more →LAWSUIT: OPPONENTS OF $20 BILLION REGIONAL AFFORDABLE HOUSING BOND SAY LANGUAGE IS BIASEDA group of ‘concerned taxpayers’ say the wording for the bond measure would prejudice voters.Read more →MORTGAGE INTEREST RATES FALL TO LOWEST LEVEL IN OVER A YEARHome buyers and sellers in the Bay Area got some relief when interest rates for a 30-year mortgage dropped to the lowest level in15 months.Read more →MOUNTAIN VIEW OFFICE TOWER GRABS LIVELY TENANT ACTIVITY WITH LEASESAn office tower in downtown Mountain View has landed several leases.Read more →Bay Area News GroupCopyright © 2024 Bay Area News Group. All rights reserved.75 E. Santa Clara Street, Suite 1100 | San Jose, CA 95113
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