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To save on their mortgages, Bay Area buyers are increasing their down payments

Published Wed, 26 Feb 2025 15:00:29 GMT

Who has $235,183 lying around in a bank account? The average homebuyer in Silicon Valley, apparently. That’s the median down payment for a home in the San Jose metro area — and it’s on the rise.In the third quarter of 2023, the median down payment in San Jose reached nearly 25% of purchase price, up from 23% in the first quarter, according to data from Realtor.com. In San Francisco, the median down payment increased to 24.4% from 21.8%.Even with sky-high Bay Area purchase prices, those percentages are higher than anywhere else in the country — and significantly higher than the national average of 14.7%.“Because interest rates are so high, people want to keep their mortgages affordable,” said Esther Chien, a mortgage officer based in San Jose. “The only way to do that is with a higher down payment.”Take, for example, a $1.27 million home — the median sales price in the Bay Area. With existing mortgage rates at 7.22%, a down paymen...

San Jose doctor in ‘Dragon Balls’ lawsuit against Los Gatos restaurant claims the truth has come out

Published Wed, 26 Feb 2025 15:00:29 GMT

A doctor suing a Thai restaurant in Los Gatos over claimed internal burns from a spicy appetizer alleged in a recent court filing that she now knows what led to the incident.San Jose neurologist Harjasleen Walia sued Coup de Thai in July, claiming its Dragon Balls chemically burned her vocal cords, esophagus and the inside of her right nostril, leaving her with permanent injuries.The restaurant in an October court filing denied Walia’s allegations or causing injury to her.She claimed in the lawsuit that when she had gone to eat at the downtown Los Gatos restaurant with her friend in July 2021, the Dragon Balls were advertised as spicy, so she asked her server that they be made with less spice because she does not tolerate spicy food. The server “said that they would have the chef make them less spicy,” the lawsuit claimed.In a recent court filing, Walia alleged that a later admission — the filing does not specify when or by whom — made clear what led to...

Pashelka: No, the Sharks are not the NHL’s worst team (lottery odds be damned)

Published Wed, 26 Feb 2025 15:00:29 GMT

The San Jose Sharks have moved out of last place in the NHL’s overall standings.To those disappointed Sharks supporters already eyeing the NHL Draft Lottery, we say this: It was going to happen eventually.Going into their game Thursday against the Detroit Red Wings, the Sharks, with some key players getting back to full health, have won four of their last six to climb out of the league’s basement.No win was more memorable than Tuesday’s remarkable comeback victory over the New York Islanders.San Jose scored three times in the final 8:05 of the third period, with two goals coming from Tomas Hertl and one from Kevin Labanc, before William Eklund took a pass from Mikael Granlund and beat Ilya Sorokin shortly before the end of overtime for a 5-4 Sharks win.“I was just trying to get some speed there and Granlund made an unbelievable play to me,” said Eklund, who had the first three-point night of his NHL career, “and I just tried to rip it through the net and it went in.”The Sharks are n...

Petaluma PD seek public help to find missing person at-risk

Published Wed, 26 Feb 2025 15:00:29 GMT

(BCN) -- Petaluma police are seeking public assistance to locate Benedetta Pelosi, 33, who was reported missing early Wednesday morning.Pelosi was last seen around leaving her residence in the 100 block of Wyndham Way for her routine walk, but she has not been seen since, said police, who added that officers were not able to find her in the area she frequently walked. Oakland police union blames Mayor Thao for missing out on grant According to police, Pelosi has a cellphone but it is turned off. Pelosi is described as a white female adult, standing five feet and three inches, and weighing around 105 pounds. She has short brown hair and brown eyes. She is believed to be wearing a multicolored sweatshirt, black leggings, reading glasses, and carrying a blue backpack. She does not own a vehicle and has concerning medical conditions, according to police.Those with relevant information are asked to contact their local police agency or the Petaluma Police Department at (707) 778-4372....

Port of Oakland names new director of environmental programs

Published Wed, 26 Feb 2025 15:00:29 GMT

(BCN) -- The Port of Oakland appointed Colleen Liang as its new director of the environmental programs and planning (EP&P) division. Liang joined the Port in 2000. During her 23 years at the port, she has served in every environmental position, most recently as acting director of EP&P. Off-duty Alaska Airlines pilot accused of trying to cut plane engines indicted on 84 charges "I am truly honored to be given the opportunity to lead a great team in the environmental programs and planning division and oversee the port's stewardship of the Oakland waterfront," she said in a statement. Liang will continue overseeing the port's zero emissions program, environmental compliance, hazardous waste and materials management, planning and permitting programs, and grant funding opportunities for zero emissions and sustainability projects. "It is important to me to continue building on the port's momentum of environmental innovation and sustainability," she said. "I'm thrilled to be a ...

One person stabbed with life-threatening injuries in SF

Published Wed, 26 Feb 2025 15:00:29 GMT

(KRON) – One person was stabbed near Mission Street on Tuesday, the San Francisco Police Department announced. San Francisco police responded to 20th and Mission streets regarding a stabbing at 7:50 p.m. on Dec. 5. Ex-San Jose cop went on road rage rampage, according to court docs Upon arrival, officers located an adult male victim with apparent stab wounds. Police said they rendered aid and summoned medics to the scene. The victim was transported the victim to the hospital for life-threatening injuries. There has not been an arrest in this case. Anyone with information is asked to contact SFPD at (415)-575-4444.

Stock market today: Wall Street opens higher following more signs of easing pressure on inflation

Published Wed, 26 Feb 2025 15:00:29 GMT

Wall Street is opening higher following the latest signals that pressure on inflation may be easing. The S&P 500 was up 0.5% early Wednesday and is near its highest level in 20 months. The Dow rose 89 points, and the Nasdaq was up 0.6%. Campbell Soup and Toll Brothers jumped after reporting stronger profit for the latest quarter than expected. Treasury yields relaxed a bit more after reports suggested a cooldown in hiring and a pickup in business productivity. Those amped up hopes that the Federal Reserve is done raising interest rates in order to fight inflation. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.Wall Street move higher Wednesday before the opening bell with more jobs data on the way that could provide further evidence that the labor market has cooled enough to bring an end to the rate hikes orchestrated by the Federal Reserve in its fight against inflation.Futures for the S&P 500 rose 0.4% before markets opened, while futures for the Dow Jone...

Russian President Vladimir Putin visits UAE, Saudi Arabia seeking to boost Moscow’s Mideast clout

Published Wed, 26 Feb 2025 15:00:29 GMT

DUBAI, United Arab Emirates (AP) — Russian President Vladimir Putin visited the United Arab Emirates on Wednesday before departing for Saudi Arabia in an one-day lightning tour intended to raise Moscow’s profile as a Middle East power broker even as his war Ukraine grinds on.Putin landed in Abu Dhabi, the capital of the Emirates, that is hosting the United Nations’ COP28 climate talks. It was his first trip to the region since before the coronavirus pandemic and the 2022 invasion of Ukraine.Speaking at the start of his talks with UAE President Mohammed bin Zayed Al Nahyan, Putin offered to discuss energy cooperation, the conflict in the Middle East and the “Ukrainian crisis.” He praised the current state of Russia’s relations with the UAE and congratulated the country for hosting the COP28 climate talks.Putin, who has limited his foreign travel since sending troops into invade Ukraine, visited China in October and made several trips to former Soviet nations in rece...

New signs emerge of ‘widespread’ sexual crimes by Hamas, as Netanyahu alleges global indifference

Published Wed, 26 Feb 2025 15:00:29 GMT

JERUSALEM (AP) — A man hiding in a pit during the Oct. 7 Hamas assault on an outdoor music festival in Israel said he heard someone nearby screaming she was being raped. Elsewhere in the area, a combat paramedic saw the body of a young woman with her legs open, her pants pulled down, and what looked like semen on her lower back. An army reservist who was tasked with identifying those killed by the militants said some of the women were found wearing only bloodied underwear.Such accounts given to The Associated Press, along with first assessments by an Israeli rights group, show that sexual assault was part of an atrocities-filled rampage by Hamas and other Gaza militants who killed about 1,200 people, most of them civilians, and took more than 240 hostages that day.While investigators are still trying to determine the scope of the sexual assaults, Israel’s government is accusing the international community, particularly the United Nations, of ignoring the pain of Israeli victims.“I s...

Watch: Procession, funeral for fallen Cortez Sgt. Michael Moran

Published Wed, 26 Feb 2025 15:00:29 GMT

DENVER (KDVR) — Wednesday, Sgt. Michael Moran of the Cortez Police Department will be laid to rest. Moran served as a Marine for nine years before he joined the Cortez Police Department in 2012. He became a K-9 handler in 2016 and was most proud of his canine partner Otto, who retired in 2020 and died in October.He was shot and killed in the line of duty following a traffic stop in Cortez on Nov. 29. Polis orders flags to be lowered on Wednesday He leaves behind two daughters, friends and family.Gov. Jared Polis ordered all flags to be at half-staff on Wednesday from sunrise to sunset to honor the fallen sergeant on the day of his service. Funeral and procession plansAccording to the Cortez Police Department, a procession will begin at 8:20 a.m. and will travel east down Main Street, which will be closed.Those attending the procession are asked to stay on the sidewalk along Main Street between Chestnut Street and Harrison Street while law enforcement officers escort Moran's casket...