RECENT ARTICLES
San Diego rents down for the first time since Great Recession
Copyright © 2022, The San Diego Union-Tribune | | AdvertisementAdvertisement Rent in San Diego County is down for the first time since the Great Recession as the region is rocked by COVID-related job losses. Average rent in San Diego County was about $1,850 a month in the second quarter, a small reduction of 0.3 percent annually, said real estate tracker CoStar. It is notable because rent hasn’t dropped in the county since the third quarter of 2010 and any talk of a reduction at the start of the year was unthinkable.Experts say the once-unstoppable rise in rents in San Diego County has been...…Copyright © 2022, The San Diego Union-Tribune | | AdvertisementAdvertisement Rent in San Diego County is down for the first time since the Great Recession as the region is rocked by COVID-related job losses. Average rent in San Diego County was about $1,850 a month in the second quarter, a small reduction of 0.3 percent annually, said real estate tracker CoStar. It is notable because rent hasn’t dropped in the county since the third quarter of 2010 and any talk of a reduction at the start of the year was unthinkable.Experts say the once-unstoppable rise in rents in San Diego County has been...WW…
San Diego mayor approves sale of former Chargers stadium to SDSU
Copyright © 2022, The San Diego Union-Tribune | | AdvertisementAdvertisement San Diego has officially sold off one of its iconic landmarks, the stadium that once housed the San Diego Chargers, to San Diego State University.Mayor Kevin Faulconer announced he approved the sale Thursday of the 135-acre site. The roughly $88 million deal gives the university SDCCU Stadium, which has been called Jack Murphy Stadium and Qualcomm Stadium in the past, and its surrounding land. Signed, sealed, delivered! The 's sale of the Mission Valley stadium site to is nearly complete!One of the biggest parking...…Copyright © 2022, The San Diego Union-Tribune | | AdvertisementAdvertisement San Diego has officially sold off one of its iconic landmarks, the stadium that once housed the San Diego Chargers, to San Diego State University.Mayor Kevin Faulconer announced he approved the sale Thursday of the 135-acre site. The roughly $88 million deal gives the university SDCCU Stadium, which has been called Jack Murphy Stadium and Qualcomm Stadium in the past, and its surrounding land. Signed, sealed, delivered! The 's sale of the Mission Valley stadium site to is nearly complete!One of the biggest parking...WW…
Amid COVID, San Diego home price hits highest ever: $600K
Copyright © 2022, The San Diego Union-Tribune | | AdvertisementAdvertisement COVID-19 could not stop the upward pressure on home prices in San Diego County which reached a new high of $600,250 in June. The median home price in San Diego County crossed the $600,000 line for the first time in June, said CoreLogic data provided by DQNews. It represents a modest 1.7 percent price gain in a year but is still noteworthy as unemployment is at historic highs. The biggest factor in rising prices is sellers taking homes off the market during the pandemic and causing price wars among buyers. Other...…Copyright © 2022, The San Diego Union-Tribune | | AdvertisementAdvertisement COVID-19 could not stop the upward pressure on home prices in San Diego County which reached a new high of $600,250 in June. The median home price in San Diego County crossed the $600,000 line for the first time in June, said CoreLogic data provided by DQNews. It represents a modest 1.7 percent price gain in a year but is still noteworthy as unemployment is at historic highs. The biggest factor in rising prices is sellers taking homes off the market during the pandemic and causing price wars among buyers. Other...WW…
San Diego home prices keep going up, outpacing other California cities
Copyright © 2022, The San Diego Union-Tribune | | AdvertisementAdvertisement San Diego home prices continued to increase into COVID-19’s second month and grew at a quicker pace than other California cities. Home prices in the San Diego metropolitan area had risen 5.8 percent in a year, the S&P CoreLogic Case-Shiller Indices reported Tuesday. It was the highest annual increase since July 2018. Across the United States, home prices in April were up an average of 4.7 percent with experts attributing the rise to a shortage of homes for sale, low mortgage interest rates and high demand from...…Copyright © 2022, The San Diego Union-Tribune | | AdvertisementAdvertisement San Diego home prices continued to increase into COVID-19’s second month and grew at a quicker pace than other California cities. Home prices in the San Diego metropolitan area had risen 5.8 percent in a year, the S&P CoreLogic Case-Shiller Indices reported Tuesday. It was the highest annual increase since July 2018. Across the United States, home prices in April were up an average of 4.7 percent with experts attributing the rise to a shortage of homes for sale, low mortgage interest rates and high demand from...WW…
San Diego home sales plummet to level not seen in nearly 30 years
Copyright © 2022, The San Diego Union-Tribune | | AdvertisementAdvertisement Housing sales in San Diego County had their biggest annual drop in nearly 30 years in May as COVID-19 brought the market to crawl. There were 2,327 home sales in May, down 40.7 percent from the previous year, said CoreLogic data provided by DQNews. Analysts point to a lack of consumer confidence and sellers pulling homes off the market to wait out for a better selling time as reasons for few transactions. It represents the biggest annual drop in home sales since January 1991 when sales were down by 41.5 percent....…Copyright © 2022, The San Diego Union-Tribune | | AdvertisementAdvertisement Housing sales in San Diego County had their biggest annual drop in nearly 30 years in May as COVID-19 brought the market to crawl. There were 2,327 home sales in May, down 40.7 percent from the previous year, said CoreLogic data provided by DQNews. Analysts point to a lack of consumer confidence and sellers pulling homes off the market to wait out for a better selling time as reasons for few transactions. It represents the biggest annual drop in home sales since January 1991 when sales were down by 41.5 percent....WW…
Coronavirus: Some San Diego church services still happened Sunday, others online
Copyright © 2022, The San Diego Union-Tribune | | AdvertisementAdvertisement One parishioner at Corpus Christi Catholic Church on Sunday morning Mass described the mood as somber. There were about 150 people at the Bonita church for the 9 a.m. service in the massive sanctuary. It typically has around 800. Corpus Christi had already asked elderly members to stay home, and the Diocese of San Diego has starting Monday (with online services next Sunday). But, Pastor Efrain Bautista said Mass was important Sunday so he could explain to members — especially older ones without Internet — why...…Copyright © 2022, The San Diego Union-Tribune | | AdvertisementAdvertisement One parishioner at Corpus Christi Catholic Church on Sunday morning Mass described the mood as somber. There were about 150 people at the Bonita church for the 9 a.m. service in the massive sanctuary. It typically has around 800. Corpus Christi had already asked elderly members to stay home, and the Diocese of San Diego has starting Monday (with online services next Sunday). But, Pastor Efrain Bautista said Mass was important Sunday so he could explain to members — especially older ones without Internet — why...WW…
San Diego's reliance on tourism jobs could mean a bigger economic COVID-19 hit
Copyright © 2022, The San Diego Union-Tribune | | AdvertisementAdvertisement San Diego County could have one of the most affected workforces by COVID-19 because of a reliance on hospitality and leisure jobs, says a new study.Ecommerce site Volusion said the San Diego metro area will be the ninth hardest hit area by job losses to the coronavirus.It based on the number of retail, leisure and hospitality jobs in the nation’s 53 largest metro areas. In San Diego County’s case, the jobs made up about 23.1 percent of the workforce.Volusion used 2019 data from the U.S. Bureau of Labor Statistics...…Copyright © 2022, The San Diego Union-Tribune | | AdvertisementAdvertisement San Diego County could have one of the most affected workforces by COVID-19 because of a reliance on hospitality and leisure jobs, says a new study.Ecommerce site Volusion said the San Diego metro area will be the ninth hardest hit area by job losses to the coronavirus.It based on the number of retail, leisure and hospitality jobs in the nation’s 53 largest metro areas. In San Diego County’s case, the jobs made up about 23.1 percent of the workforce.Volusion used 2019 data from the U.S. Bureau of Labor Statistics...WW…
San Diego: In the days before COVID-19, home prices were near record high
Copyright © 2022, The San Diego Union-Tribune | | AdvertisementAdvertisement In the days before COVID-19 entered American consciousness, home prices in San Diego climbed near record territory. The median home price in San Diego County was $590,000 in March, about $5,000 shy of an all-time high , according to CoreLogic data provided by DQNews. The data reflects purchases that began in late January and February because homes typically take 30 days to close escrow.Although the new coronavirus was already in the United States, it wasn’t until March that concern grew and a wave of stay-at-home...…Copyright © 2022, The San Diego Union-Tribune | | AdvertisementAdvertisement In the days before COVID-19 entered American consciousness, home prices in San Diego climbed near record territory. The median home price in San Diego County was $590,000 in March, about $5,000 shy of an all-time high , according to CoreLogic data provided by DQNews. The data reflects purchases that began in late January and February because homes typically take 30 days to close escrow.Although the new coronavirus was already in the United States, it wasn’t until March that concern grew and a wave of stay-at-home...WW…
Nearly 1 in 4 San Diegans unemployed because of pandemic, analysis says
Copyright © 2022, The San Diego Union-Tribune | | AdvertisementAdvertisement San Diego County’s unemployment rate was an estimated 24.7 percent by the third week in April, said a new analysis, more than double the worst jobless rate of the Great Recession. The San Diego Association of Governments, or SANDAG, produced the estimate using the federal and statewide number of unemployment applications, and looking at what types of jobs have been lost. It then applied the figures to jobs data in San Diego County. SANDAG estimates nearly one in four San Diegans, about 430,000 people, are...…Copyright © 2022, The San Diego Union-Tribune | | AdvertisementAdvertisement San Diego County’s unemployment rate was an estimated 24.7 percent by the third week in April, said a new analysis, more than double the worst jobless rate of the Great Recession. The San Diego Association of Governments, or SANDAG, produced the estimate using the federal and statewide number of unemployment applications, and looking at what types of jobs have been lost. It then applied the figures to jobs data in San Diego County. SANDAG estimates nearly one in four San Diegans, about 430,000 people, are...WW…
San Diego County unemployment estimated at 27%
Copyright © 2022, The San Diego Union-Tribune | | AdvertisementAdvertisement An estimate of San Diego County’s jobless rate near the end of April was 27 percent — surpassing unemployment numbers not seen since the Great Depression. The San Diego Association of Governments, or SANDAG, came up with the figure using federal and statewide data and applying it to San Diego County. During the Great Recession, the county hit a record high of 11.1 percent in 2010. While local records are not available that far back, the national rate during the Great Depression hit a high of 24.9 percent in...…Copyright © 2022, The San Diego Union-Tribune | | AdvertisementAdvertisement An estimate of San Diego County’s jobless rate near the end of April was 27 percent — surpassing unemployment numbers not seen since the Great Depression. The San Diego Association of Governments, or SANDAG, came up with the figure using federal and statewide data and applying it to San Diego County. During the Great Recession, the county hit a record high of 11.1 percent in 2010. While local records are not available that far back, the national rate during the Great Depression hit a high of 24.9 percent in...WW…
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