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Proposed 40-story building in East Village

A proposed 40-story apartment development in East Village got high marks Wednesday from the design committee of downtown’s planning agency, Civic San Diego. The 613-unit complex would have a six-story building, a seven-story building and a 40-story tower reaching 400 feet. The proposed buildings, at the corner of Park Boulevard and Broadway, are spread apart to avoid an earthquake fault through the...

San Diego home sales hit lowest point since 2007

San Diego County’s median home price ended the year at $550,000, one of its lowest points of 2018, real estate tracker CoreLogic reported Wednesday. December’s price is reflective of reduced sales in the home market across the nation as rising mortgage rates at the end of the year kept buyers on the sidelines. There were 2,642 home sales in San Diego County, the lowest for a December since 2007. It...

Potato Chip Rock is getting it’s own parking lot!

It appears that a longstanding safety situation along state Route 67 in Ramona may finally be rectified. In a couple weeks, county supervisors will consider purchasing an 84-acre plot just west of the highway in Ramona to build a parking lot. It will be there that hikers intent on climbing to the top of Mount Woodson along a paved fire road, as well as to the very popular Potato Chip Rock, will be...

The Salary You Need For A Median Home

How much money do you need to earn to afford a median prices home in San Diego? It’s no secret that homes in San Diego are expensive, but how do they compare to the rest of the nation? A new study by HSH ranks 27 large metropolitan areas by least to most expensive, based on the salary you need to buy a median priced home with a 20 percent down payment. Pittsburgh was the cheapest, where $32,373 buys...

Low inventory, high prices cause state’s slowdown in home sales

California has experienced a “significant” slowdown in residential home sales activity over the last few months, with numbers down 14 percent from last year.Selma Hepp, senior economist at the California Association of Realtors, discussed the state and local housing market at an event hosted by the Pacific Southwest Association of Realtors on Thursday. The inventory in San Diego County in January...

The 2013 Real Estate Year In Review

Historically low interest rates and limited inventory in 2013 fueled some of the greatest housing appreciation in San Diego County since the early 2000s. “Last year, we saw home values catch up to where they should have been if we didn’t have that market correction in the last of the 2000s,” said Mark Goldman, a loan officer and real-estate lecturer at San Diego State University. San Diegans bought...

Fed Taper Could Hit Housing Market

The stakes are high for San Diego’s housing market as the Federal Reserve tapers the national economy off super-low interest rates. Some experts think interest rates have been held back more by sluggish global growth than by Fed stimulus, so the “taper” that began this month won’t matter much. Then again, nobody can reliably forecast short-term rate movements. And there’s little question that...

County new home prices hit record high

The median price for newly built single-family homes and condos in San Diego County shot up to a record high in December, while the number of new homes sold hit a record low for a December. Last month, 284 new residences sold at a median $699,000, a 48 percent hike over the $473,250 median new home price in December 2012, when 419 new homes sold. The previous record for a median new home price was...

The 10 Fastest-Growing Industries for Small Business

Fastest-Growth Industries for U.S. Small Businesses Residential building construction: 14.77 percent Building custom software and servers for businesses: 14.29 percent Machinery, equipment, and supplies merchant wholesalers: 13.75 percent Management, scientific, and technical consulting services: 12.31 percent Architectural, engineering, and related services: 11.40 percent Foundation, structure,...

San Diego Foreclosures

After an October uptick, foreclosures in San Diego County fell in November, while notices of default dropped near an eight-year low. In November, lenders foreclosed on 162 properties in the county, down from the 173 they repossessed in October, but still above the 146 foreclosures in September. A year earlier, they foreclosed on 432 homes, real estate tracker DataQuick reported Monday. Mark Goldman,...

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