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San Diego Homebuyers Are Sacrificing Square Footage for Affordability

Pro Builder

San Diego Homebuyers Are Sacrificing Square Footage for Affordability. Rising interest rates coupled with historically high home prices have cut hundreds of square feet out of homes affordable to San Diego buyers with a $3,000-per-month budget. Tue, 10/04/2022 - 10:39. At today’s 6.7%

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Luxury Home Sales See Biggest Drop on Record Due to Rising Interest Rates

Pro Builder

For luxury buyers, higher interest rates can amount to a monthly housing bill that is thousands of dollars more expensive, and as home prices continue climbing to new highs, even those with million-dollar budgets are getting less bang for their buck.

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How Did First-Time Buyers Fare Last Quarter?

Pro Builder

On the other end, Los Angeles, San Diego, San Jose, San Francisco, and Sacramento remained the most pricey metros. But if pricing is your top concern, the end of the fourth quarter leading into the first may be your best bet for your budget. Louis, Pittsburgh, Cleveland, and Buffalo, N.Y. Read More. . Financials.

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Affordability Worsens for First-Time Buyers

Pro Builder

NerdWallet analyzed home affordability for first-time buyers in the country’s largest metros, finding a notable loss of affordability for these usually younger buyers with less robust credit histories and tighter budgets. Across the 50 most populous metros, homes were 5.5 and Sacramento (7.5).

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Big Decision on Desalinated Water

Construction Knowledge

The San Diego County Water Authority agreed to purchase 50M gallons of water each day from Poseidon Resources LLC. San Diego currently brings water from Northern California and the Colorado River via hundreds of miles of aqueducts. The largest drinking water desalination plant in the Western Hemisphere just got approved.

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Top Railway Projects in the US

Autodesk Construction Cloud

California’s high-speed rail project will eventually extend to San Diego and Sacramento and would total 800 miles and 24 stations. . With tools to support communication, finance, design, and more, Autodesk helps you keep your projects on budget and within schedule while minimizing risk at the same time. .

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The next steps for a sustainable, decarbonized future

BD+C

Photo courtesy LPA Taking that next step will require design teams to work with their clients to set building performance goals and include discussions of renewable energy in the early planning and budgeting process. The goals won’t be achieved unless they fit the project’s budget.