Several Bay Area cities are considering a freeze on residential construction except for affordable housing. But at a Bay Area Council forum on the idea, a leading economist said that’s exactly the wrong response to the housing crisis.
Despite all the headlines about the surge in technology jobs in San Francisco, on report suggests the tech sector still makes up only a tiny percentage of the city’s private jobs.
A new report has cut the Bay Area’s economic benefits from the America’s Cup Race this summer in San Francisco from $1.4 billion down to $780 million.
The latest Field Poll shows there’s not a lot of enthusiasm for the state budget signed by Governor Jerry Brown and that there are concerns over the reliance on taxes that may not materialize as well as automatic spending cuts.
Prices in San Francisco dropped 2.5 percent from December to January, the sharpest decline of any of the 20 cities tracked in the report.
While the news is anything but rosy around the nation, an economic summit in San Jose on Thursday produced a positive outlook for the Bay Area.
More people want to live in San Jose thanks to growth in the technology sector fueled by social media, making the greater San Jose area one of the most expensive rental markets in the Bay Area.