• La Jolla’s Sand Castle mansion reduces price by $15.5 million

    La Jolla’s Sand Castle mansion reduces price by $15.5 million,Phillip Molnar

    San Diego’s most high-profile home listing has reduced its price by $15.5 million The Sand Castle mansion at 1900 Spindrift Drive in La Jolla hit the market in October 2024 with an asking price of $108 million and has yet to find a buyer. As of Thursday morning, the new price is $92.5 million. Billi

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  • Tech exec bets on downtown San Diego with purchase of 2 office towers

    Tech exec bets on downtown San Diego with purchase of 2 office towers,Jennifer Van Grove

    Former SoftBank executive and technology investor Eric Gan hopes to speed up the economic recovery of downtown San Diego with his purchase of two office towers. Monday, real estate management entity Golden Columbia LLC purchased 1 Columbia Place, a 27-story skyscraper at 401 W. A St., and 2 Columbia

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  • California house investors target most-affordable counties

    California house investors target most-affordable counties,Jonathan Lansner

    You’re more likely to find California houses owned by investors in the state’s more affordable communities. That’s what my trusty spreadsheet found after reviewing a BatchData report from the third quarter of 2025 that calculates investor ownership of houses and townhomes nationwide. Investors in th

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  • Typical 2025 California home seller made $265,000 vs. $107,000 for US

    Typical 2025 California home seller made $265,000 vs. $107,000 for US,Jonathan Lansner

    California home sellers made more than double what their American peers made last year – but that gap is shrinking. My trusty spreadsheet took a peek at stats from Attom dating to 2008 that track the difference between the price a typical homeowner got when they sold vs. their purchase cost in 130 m

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  • California rent hikes often outpace pay raises

    California rent hikes often outpace pay raises,Jonathan Lansner

    Perhaps the best that can be said for the plight of California renters is that it could be worse. My trusty spreadsheet reviewed monthly rents and hourly wage data collected by United Way, comparing 2024 with 2019 for 96 U.S. metropolitan areas, including nine in California. Those statistics show th

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  • Historic Spreckels Building and Theatre in downtown San Diego hits the auction block

    Historic Spreckels Building and Theatre in downtown San Diego hits the auction block,Jennifer Van Grove

    The storied Spreckels Building and Theatre at 121 Broadway, once a symbol of opulence and San Diego’s emerging status in the early 20th century, is being offered for sale by auction in a distressed sale fueled by the current owner’s inability to repay its debt. This week, the historic property was l

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  • Average US long-term mortgage rate barely budges, holding near 6%

    Average US long-term mortgage rate barely budges, holding near 6%,Associated Press

    By ALEX VEIGA, AP Business Writer The average long-term U.S. mortgage rate barely budged this week, staying close to 6% as the spring home-buying season nears. Related Articles Historic Spreckels Building and Theatre in downtown San Diego hits the auction block ‘My worry is we become Santa Barbara’:

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  • ‘Rental market is largely frozen’: San Diego rent prices fall in national rankings

    ‘Rental market is largely frozen’: San Diego rent prices fall in national rankings,Phillip Molnar

    San Diego’s status as one of the nation’s most expensive rental markets is on shaky ground. The median rent for a San Diego County one-bedroom apartment was $2,220 a month in January, down 5.5% in a year, said Zumper’s national rent report. That ranks San Diego metro at No. 9 in the real estate webs

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  • 15 Things to Do in San Diego This Weekend: February 3-8

    15 Things to Do in San Diego This Weekend: February 3-8,Lili Kim

    An audial mashup of Beethoven and Beyoncé, the historical handcraft exhibition Staying Power and the annual Kook Run are just a few of the highlights in this weekend’s event roundup. Experience the filmography of Georges Méliès through a larger-than-life retrospective or take in the soothing vibraph

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  • San Diego, developer at impasse over Turquoise tower in Pacific Beach

    San Diego, developer at impasse over Turquoise tower in Pacific Beach,Jennifer Van Grove

    Nearly two years after submitting an initial application to build a mixed-use tower in Pacific Beach, the developer behind the project, sometimes referred to as Project Vela, has made little progress in convincing the city of San Diego that its unconventional application of local and state laws to b

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  • California’s housing reality: Affordability, prices, sales dip

    California’s housing reality: Affordability, prices, sales dip,Jonathan Lansner

    As 2026 starts, cracks are appearing in whatever magic has kept California’s housing market intact. My trusty spreadsheet found affordability woes are spreading, with just a whiff of price drops and homebuying at near-record lows. The reality is even the least expensive parts of California have beco

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  • Forget California’s exodus. Why do so few move here?

    Forget California’s exodus. Why do so few move here?,Jonathan Lansner

    Let me say for the umpteenth time, there is no California exodus. The Golden State’s popularity among its own residents is among the nation’s highest, as measured by the small share of residents who depart for other parts of the country. Its stagnant population challenge is really about the stunning

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  • La Jolla home of Dr. Seuss goes on the market for $9.95M

    La Jolla home of Dr. Seuss goes on the market for $9.95M,Ashley Mackin Solomon

    The La Jolla estate that once was the home of Theodor Geisel (better known to the world as Dr. Seuss) and his wife, Audrey, is for sale for $9.95 million. The approximately 5,000-square-foot house is owned by UC San Diego and comes with a pool and pool house on 1.51 acres at 7301 Encelia Drive. The

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  • Average US long-term mortgage rate ticks higher, holding near lowest point in more than 3 years

    Average US long-term mortgage rate ticks higher, holding near lowest point in more than 3 years,Associated Press

    By ALEX VEIGA, Associated Press The average long-term U.S. mortgage rate edged up for the second week in a row, but remains just above its lowest level in more than three years. The benchmark 30-year fixed rate mortgage rate rose to 6.1% from 6.09% last week, mortgage buyer Freddie Mac said Thursday

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  • California back as world’s 4th largest economy

    California back as world’s 4th largest economy,Jonathan Lansner

    California has regained its bragging-rights ranking as the world’s fourth-largest economy. Using gross domestic product as the scorecard, my trusty spreadsheet compared fresh state-level data for the third quarter of 2025 from the Bureau of Economic Analysis with 2025 business output estimates for c

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  • Pacific Beach’s largest apartment building set to become even bigger

    Pacific Beach’s largest apartment building set to become even bigger,Phillip Molnar

    Pacific Beach’s biggest apartment complex got initial approval this week to increase by 138 units. AVA Pacific Beach at 3823 Ingraham St. is the largest apartment building in the beach community with 564 units, and the plan would increase it to 702 apartments. The San Diego City Council unanimously

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  • Has California housing become a buyer’s market?

    Has California housing become a buyer’s market?,Jonathan Lansner

    Has California housing become a buyer’s market with sellers losing control of pricing? My trusty spreadsheet reviewed a relatively new homebuying metric from Redfin that attempts to quantify the marketplace mystery: how many house hunters are looking to buy. Redfin combines the easily calculated sup

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  • Report: San Diego could save a ton of money if it relocates City Hall

    Report: San Diego could save a ton of money if it relocates City Hall,Jennifer Van Grove

    San Diego stands to benefit substantially should it vacate City Hall and make its central downtown real estate available for redevelopment, according to a new report financed by a philanthropic organization with a vested interest in the area’s renaissance. Tuesday, San Diego’s Prebys Foundation and

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  • California consumer confidence tumbles to 5-year low

    California consumer confidence tumbles to 5-year low,Jonathan Lansner

    California consumers started 2026 on an anxious note, with their collective confidence in the economy falling to a five-year low. My trusty spreadsheet’s review of the Conference Board’s Consumer Confidence Index for January showed a 28% decline from December in California’s shopper pysche. It’s a s

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  • 17 Things to Do in San Diego This Weekend: Jan 29–Feb 1

    17 Things to Do in San Diego This Weekend: Jan 29–Feb 1,Nicolle Monico

    Enjoy tributes to legendary musicians, artists and athletes this weekend in San Diego. Concertgoers can experience folk rock at its finest during the multimedia production of The Simon & Garfunkel Story and see Keena’s Echoes of the Queen channel the Tejano stylings of Selena Quintanilla. Art enthus

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