Scott Budman
banner
scottbudman.bsky.social
Scott Budman
@scottbudman.bsky.social
Tech reporter for NBC News, drummer, Bruin.
Pinned
#Update:
-X / Twitter had (according to NBC News) more than 115,000 account deactivations one day after the election.
#New: Zillow looked at 364 US cities, and found 350 of them where houses, on average, sell below the asking price.

But ..

Not so for Silicon Valley.

-San Francisco: 16% above asking price, on average.

-San Jose: 11.4% above asking price.
January 2, 2026 at 7:07 PM
#New: How long it takes to save for a typical down payment on a home in:

San Francisco: 36.5 years
San Jose: 36.2 years
Los Angeles: 34 years
San Diego: 30 years
New York: 23.4 years
Seattle: 22.6 years

Source: realtor.com
realtor.com
December 29, 2025 at 6:01 PM
#New: Waymo again pauses its driverless taxi service in San Francisco, this time citing flash flood warnings.
December 25, 2025 at 10:27 PM
#Update: Waymo: “We have temporarily suspended our ride-hailing services in the San Francisco Bay Area due to the widespread power outage.”
December 21, 2025 at 7:54 PM
#New: 34% of renters say they do not believe the American Dream includes owning a home - a new high.

Source: Zumper
December 19, 2025 at 6:12 PM
#New: The White House says the Kennedy Center will be re-named the "Trump-Kennedy Center."

The Center’s board of trustees, appointed by President Trump in April, voted to change the name.
December 18, 2025 at 6:38 PM
#Breaking: California DMV rules Tesla misled consumers about Autopilot and Full Self-Driving capabilities.

The DMV says it proposes a sales suspension; first giving Tesla 90 days to comply.

$TSLA down after hours.
December 16, 2025 at 11:53 PM
#New: The majority of US homes on the market are now selling below asking price.

But ..
Not in the Bay Area.

San Francisco: Selling for 16% above average asking price.

San Jose: Selling for 11.3% above average asking price.

Source: zillow
December 15, 2025 at 6:05 PM
#New: Bay Area rents (avg 1BR):

San Francisco: $3,500*
Mtn View: $3,210
Foster City: $3,140
Redwood City: $3,050
Palo Alto: $2,960
San Mateo: $2,900
Santa Clara: $2,840
San Jose: $2,680
Berkeley: $2,100
Oakland: $1,950

*Up 16% this year.

Source: Zumper
December 2, 2025 at 7:13 PM
Tomorrow marks 30 years (!) since Pixar released “Toy Story” to the public.

The groundbreaking movie was a huge success, spawning sequels.

Seven days later, Pixar went public, making Steve Jobs a billionaire.
November 21, 2025 at 6:56 PM
#Update: US Metro areas with the highest median home sale price:

San Francisco Bay Area: $1.19 million
Los Angeles: $950,000
San Diego: $860,000
Honolulu: $768,000

Source: @remaxllc.bsky.social
November 18, 2025 at 8:11 PM
Tough day for many here in the Bay Area.
As an Oakland native and Skyline High School student when Coach John Beam was there; I remember Coach, and have been hearing from friends, classmates, and others who remember him too.

Thoughts to his family, and those helped by Coach.
November 14, 2025 at 8:48 PM
Amazon:

Just hit a record high stock price.
Stock up 14% over the last two days.
Valued at $2.7 trillion.
Announced $38 billion with OpenAI.

...Just cut 14,000 corporate jobs.
$AMZN
November 3, 2025 at 11:45 PM
Hey!
BlueSky just topped 40 million users.
October 31, 2025 at 2:36 PM
#Breaking: Netflix says it will split its stock 10-1.
$NFLX
October 30, 2025 at 8:18 PM
#New: Rent prices (median 1BR):

New York: $4,400
San Francisco: $3,510*
Boston: $2,900
Jersey City: $2,890
San Jose: $2,710
Miami: $2,550
Los Angeles: $2,250
San Diego: $2,250
Wash, DC: $2,200

*Up 17.6% since one year ago.

Source: Zumper
October 29, 2025 at 4:50 PM
We have tech companies (Amazon, Salesforce, Chegg, Meta....) cutting thousands of jobs because AI is getting more efficient.

We also now have THREE AI-related tech companies ($NVDA, $MSFT, $AAPL) worth $4 trillion dollars each.
October 28, 2025 at 6:22 PM
#New: California Governor Gavin Newsom and Attorney General Rob Bonta say the state will file a lawsuit “immediately” if President Trump sends federalized members of the military to San Francisco.
October 21, 2025 at 11:57 PM
Annual salary you need to live “comfortably” in:

San Jose: $246,946
San Francisco: $251,398
San Diego: $206,353
Los Angeles: $194,920
New York: $184,420
Seattle: $178,520
Boston: $169,155
Oakland: $163,559

Source: @GOBankingRates
October 17, 2025 at 3:12 PM
#New: Median home price, by county*

San Mateo: $2.15 million
Santa Clara: $2.0 m
San Francisco: $1.75 m
Alameda: $1.25 m
Los Angeles: $983,000
Contra Costa: $870,000

*all higher than one year ago.

Source: @CAREALTORS
October 16, 2025 at 2:41 PM
#New: Airports in the Bay Area say they are not playing a video of Secretary of Homeland Security Kristi Noem saying Democrats are to blame for the federal government shutdown.
October 14, 2025 at 7:19 PM
#New: There are now no major metro areas in the US where buying a home is less expensive than renting a home.

Gap between monthly mortgage payments and rent payments:

San Francisco: 191%
San Jose: 186%
Seattle: 120%

Source: @InvestorsObserv
October 6, 2025 at 7:07 PM
End of an era:

AOL has officially stopped its dial-up internet service.

Do you remember that sound?
October 3, 2025 at 6:07 PM
#Breaking: Apple has removed the “Ice Block” app from its App Store.
October 3, 2025 at 1:14 AM
#New: What it costs to rent in the Bay Area (avg 1BR):

San Francisco: $3,510
Mtn. View: $3,290
Redwood City: $3,130
Palo Alto: $3,090
Sunnyvale: $3,060
Santa Clara: $2,970
San Jose: $2,730
Walnut Creek: $2,560
Oakland: $1,990

Source: @Zumper
October 1, 2025 at 5:42 PM