San Diego is trying to keep a dramatic upgrade of Otay Mesa’s Brown Field on track by allowing the developer to shuffle which projects will be built first and by extending some development deadlines.City officials said the developer deserves the concessions partly because it took the city more than

Jimmy Carter’s economic legacy is cloudy, at best.The former president’s death on Dec. 29 put the performance of the business climate during his White House days between 1977 and 1980 under the microscope again.I’ll let others debate his economic policies, such as a losing battle with inflation and

San Diego home price gains have slowed compared to remarkable highs over the past few years.In October, the San Diego metropolitan area’s home price increased 4.5% annually, said the S&P Case-Shiller Indices report released Tuesday. The highest gains in the 20-city index were in the New York metro a

San Diego’s efforts to win an ongoing legal battle for control of Liberty Station will soon include getting appraisals for 54 separate properties within the sprawling former military base.Appraisals are often a precursor to selling a property, but city officials are actually trying to accomplish jus

“How expensive?” tracks measurements of California’s totally unaffordable housing market.The pain: California is home to 15 of the nation’s 25 costliest metropolitan areas.The source: My trusty spreadsheet reviewed the annual “price parity” report from the US Bureau of Economic Analysis, which gives

More than 700 properties are due to be sold to the highest bidder at an online auction early next year due to their owners’ failure to pay millions of dollars in taxes to San Diego County.It is the county’s biggest sale of so-called tax-defaulted properties in seven years.The Board of Supervisors ea

”Survey says” looks at various rankings and scorecards judging geographic locations while noting these grades are best seen as a mix of artful interpretation and data.Buzz: It could be a poor gift-getting year for California’s crazy and pretentious population, if the “naughty or nice” fable aligns w

Nearly a year after its selection, the development team working alongside the United States Navy to remake the Naval Base Point Loma Old Town Campus is sketching in the details of a master plan that currently calls for replacement Navy facilities, thousands of residential units, millions of square f

California’s seemingly lofty paychecks look relatively run-of-the-mill when considering the state’s costly lifestyle and tax burdens.The annual “price parity” report from the US Bureau of Economic Analysis gives us a snapshot of relative differences among the 50 states in costs and incomes. My trust

By ALEX VEIGA, AP Business WriterThe average rate on a 30-year mortgage in the U.S. rose this week to its highest level since late November, reflecting a recent uptick in the bond yields that lenders use as a guide to price home loans.The rate rose to 6.72% from 6.6% last week, mortgage buyer Freddi

“Swift swings” takes a quick peek at one economic trend.The number: California homebuying in November took its biggest one-year leap since June 2021.The source: My trusty spreadsheet looked at the California Association of Realtors’ latest home sales report.The curveSales of existing, single-family

By ALEX VEIGA, AP Business WriterSales of previously occupied U.S. homes rose in November to their fastest pace since March with home shoppers encouraged by a wider selection of properties on the market, even as mortgage rates mostly ticked higher.Existing home sales rose 4.8% last month, from Octob

San Diego could potentially deny the 239-foot-tall, mixed-use tower proposed for 970 Turquoise St. in Pacific Beach that has not only outraged community members but catalyzed elected leaders to seek reforms to state housing laws.Last week, the city of San Diego received a technical assistance letter

“How expensive?” tracks measurements of California’s totally unaffordable housing market.The pain: The cheapest place to live in California – the Central Valley’s Hanford – is still more expensive than 295 metropolitan areas across the US.The source: My trusty spreadsheet reviewed the annual “price

The number of homes fixed and flipped in San Diego is down from a peak two years ago, and profits are hard to come by.There were 554 homes flipped in the third quarter in San Diego County, said Attom Data Solutions, down from more than double that two years ago. The report from Attom, an Irvine-base

Farmers Insurance plans to start writing more home insurance policies in California ahead of regulatory reforms set for next year, the state’s second-largest homeowners insurance provider announced Wednesday.In 2023, Farmers capped the number of new homeowner insurance customers it accepted at 7,000

The unwanted RV resort that appeared destined to replace a boat storage yard on 7 acres of waterfront property in exclusive Coronado Cays is no more.Tuesday, the Board of Port Commissioners for the San Diego Unified Port District voted unanimously to approve a lease termination agreement with port t

A Chicago investment firm has bought a Vista apartment complex for $185 million in the second-largest deal of the year in the county.Mesirow Financial, a privately held financial services outfit, paid $451,220 per unit for the Preserve at Melrose Apartments — a deal real estate tracker CoStar said s

“How expensive?” tracks measurements of California’s totally unaffordable housing market.The pain: California’s home-repair inflation rate has more than doubled during the past five years.The source: My trusty spreadsheet reviewed the California slice of the Verisk Remodel Index. These insurance ind

San Diego’s 109-year-old Botanical Building, a popular landmark in the heart of Balboa Park, will reopen to the public Friday afternoon for the first time in nearly three years after being almost entirely reconstructed according to historic standards.The debut of the painstakingly restored park attr