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The Current

  • How Riverside County won California’s pandemic economy

    How Riverside County won California’s pandemic economy,Jonathan Lansner

    While Riverside County may not exude the tech-driven energy of the Bay Area or the coastal creativity of Southern California, its warehouse-powered economy emerged as the state’s top performer during the pandemic era.That accolade comes from my trusty spreadsheet, which found Southern California’s i

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  • How inflation battered California pay raises

    How inflation battered California pay raises,Jonathan Lansner

    Why are so many Californians grumpy about the economy?Ponder a quirky economic statistic called “real wages” – a yardstick comparing the growth in pay vs. the inflation rate. This measurement shows the typical paycheck was battered by a ballooning cost of living during the past four years.My trusty

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  • Which is the hardest Southern California county to find a rental?

    Which is the hardest Southern California county to find a rental?,Jonathan Lansner

    San Bernardino County had the fewest empty rentals in February in Southern California.My trusty spreadsheet looked at ApartmentList’s monthly rental vacancy report for 165 big U.S. counties, including six in Southern California. The study, which looks at available units at primarily larger complexes

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  • NASDAQ curse? Wall Street troubles might chill California’s economy

    NASDAQ curse? Wall Street troubles might chill California’s economy,Jonathan Lansner

    It’s been an ugly few days in the stock market as investors suddenly grew nervous about brewing trade wars, federal job cuts, reheated inflation and overall economic anxieties.As a result, talk about a potential recession is percolating and share prices are tumbling. Could an extended bout of Wall S

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  • San Diego City Council reverses stance, approves All Peoples Church project in Del Cerro

    San Diego City Council reverses stance, approves All Peoples Church project in Del Cerro,Phillip Molnar

    A controversial proposed church in Del Cerro was restored Tuesday night after previously being denied.After a three-hour meeting, the San Diego City Council voted 5-4 to approve the 54,476-square-foot All Peoples Church only a year after rejecting it on land-use grounds.Neighbors had fought against

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  • Pasadena 2nd-hardest spot to find a rental in US after wildfires

    Pasadena 2nd-hardest spot to find a rental in US after wildfires,Jonathan Lansner

    Pasadena is the nation’s second-hardest spot to find a rental, another example of how January’s firestorm is altering the region’s real estate markets.My trusty spreadsheet looked at ApartmentList’s monthly rental vacancy report for 149 big U.S. cities, including six in Southern California. The stud

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  • Fire reconstruction a wildcard for homebuilding across Southern California

    Fire reconstruction a wildcard for homebuilding across Southern California,Jonathan Lansner

    The Los Angeles wildfires are amplifying many of the usual steep challenges for those who want to build or buy new homes in the region.January’s firestorm destroyed or damaged more than 12,000 structures around Altadena and Pacific Palisades. To gauge how that changes the real estate game for local

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  • Partial lease on the table for Balboa Park’s decaying Starlight Bowl, but future still uncertain

    Partial lease on the table for Balboa Park’s decaying Starlight Bowl, but future still uncertain,Jennifer Van Grove

    The city of San Diego is ready to negotiate with the nonprofit that has long sought to bring Balboa Park’s nearly 90-year-old Starlight Bowl back to life after more than 14 years of dormancy. But there’s an unexpected caveat that puts in question the group’s ability to actually use the famous-but-de

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  • Do Californians need flood insurance? Few homeowners have it

    Do Californians need flood insurance? Few homeowners have it,Jonathan Lansner

    California homeowners don’t seem to think much about flood risks with few insured against watery storm damage.My trusty spreadsheet examined flood insurance coverage stats compiled by ValuePenguin by LendingTree, tracking the dominant seller of this coverage: the federal government’s National Flood

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  • San Diego to reconsider denial of All Peoples Church project in Del Cerro

    San Diego to reconsider denial of All Peoples Church project in Del Cerro,Jennifer Van Grove

    The seemingly dead All Peoples Church project proposing to build a 54,476-square-foot sanctuary building and parking garage on a vacant, 6-acre lot in Del Cerro will get a second chance at life.On March 11, San Diego City Council members will revisit their January 2024 decision to deny the controver

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  • ‘Tariffs do not help with housing costs’: San Diego apartment builders brace for steel and aluminum tariffs

    ‘Tariffs do not help with housing costs’: San Diego apartment builders brace for steel and aluminum tariffs,Phillip Molnar

    Developer Nat Bosa has been responsible for some of downtown San Diego’s largest residential towers but looming tariffs have him flabbergasted.His company, Vancouver, Canada-based Bosa Development, is in the middle of construction on a 389-unit condo tower called Andia in downtown San Diego. It also

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  • California is No. 3 for home-price volatility

    California is No. 3 for home-price volatility,Jonathan Lansner

    Yes, California’s housing market is erratic, as only two states have experienced more volatility during the past half-century.My trusty spreadsheet eyeballed price indexes from the Federal Housing Finance Agency dating to 1975 to get a long-running look at real estate swings for the 50 states and th

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  • Port of San Diego renames DEI team, removes language from website

    Port of San Diego renames DEI team, removes language from website,Jennifer Van Grove

    Once a bedrock of the Port of San Diego’s value system, the agency’s commitment to diversity, equity and inclusion has quietly shifted in recent months to a philosophy that promotes belonging.In October, the port formally renamed its DEI team the Culture of Belonging team, a spokesperson said. Then,

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  • San Diego ends the year No. 5 in nation for home price gains. Will it last?

    San Diego ends the year No. 5 in nation for home price gains. Will it last?,Phillip Molnar

    San Diego home prices rose at the end of the year to rank among the top home markets in the nation.In December, the San Diego metropolitan area’s home price increased 5.51% annually, said the S&P Case-Shiller Indices report released Tuesday. The highest gains in the 20-city index were in the New Yor

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  • Old, shuttered Point Loma hotel sells for $17.4M

    Old, shuttered Point Loma hotel sells for $17.4M,Phillip Molnar

    A 1970s hotel near Liberty Station that fell on hard times has sold for $17.4 million to make way for new housing.The 110-room Consulate Hotel, built in 1971, was purchased by Encinitas-based Ambient Communities, which said it plans to turn it into market-rate and student housing.The hotel, at 2901

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  • San Diego has one of the lowest homeownership rates for people under 30

    San Diego has one of the lowest homeownership rates for people under 30,Phillip Molnar

    Young San Diegans with dreams of homeownership might need to brush up on country music.Nashville had the highest percentage of homeowners under 30 years old at the end of last year, said a new study from mortgage website LendingTree. Compare that to the San Diego metropolitan area, which was close t

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  • Southern California home prices begin to drop

    Southern California home prices begin to drop,Jonathan Lansner

    Home prices weakened across Southern California as 2025 started, with only one local market – Orange County – showing rising prices in January.My trusty spreadsheet examined intriguing indexes from First American Data & Analytics, which tracks four local housing markets. These yardsticks follow over

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  • Judge sides with city, Padres development team on one claim against Tailgate Park deal

    Judge sides with city, Padres development team on one claim against Tailgate Park deal,Jennifer Van Grove

    San Diego secured a partial victory in the courtroom battle contesting the city’s pending sale of an East Village parking lot known as Tailgate Park to a development team led by the San Diego Padres.Last week, San Diego Superior Court Judge Katherine Bacal ruled against nonprofit Project for Open Go

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  • Where in Southern California did it get easier to buy a home?

    Where in Southern California did it get easier to buy a home?,Jonathan Lansner

    Here is a sliver of good news for Southern California house hunters: The typical income required to buy a home dipped modestly in four of the six local counties last year.My trusty spreadsheet reviewed California Association of Realtors affordability stats, comparing fourth-quarter figures with year

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  • New San Diego apartment complex charges more than $4K for a two-bedroom

    New San Diego apartment complex charges more than $4K for a two-bedroom,Phillip Molnar

    Rents at San Diego’s newest luxury apartment building, Folia, rival a mortgage payment.The 342-unit Folia complex at 12520 Camino Del Sur opens this month and already is one of the most expensive apartment buildings in San Diego County. It is located on the edge of  Carmel Valley, northeast of Sorre

    Read More
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‘This market is brutal right now’: San Diego home price down year-over-year, sales near historic lows
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