While stopping just short of calling San Francisco’s market a bubble, new analysis from UBS argues that the city has the most overvalued housing market in the United States. According to the UBS Global Real Estate Bubble Index, housing in S.F. is more overvalued than in international hotspots like Amsterdam, Zurich or Paris. Read more.
Critics of Senate Minority Leader Chuck Schumer (D-N.Y.) slammed him for caving to Republicans after he announced Monday that the necessary number of Democrats would support a three-week spending bill to end the #TrumpShutdown without first reaching an agreement to protect undocumented youth known as Dreamers. Read more.