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San Diego Airport Authority Passes $2.2 Billion Expansion

Construction Equipment

The San Diego County Regional Airport Authority unanimously approved a $2.2 It will spend the next two years preparing environmental impact reports, refining the design and firming up financing for the $1 billion first phase. billion terminal replacement plan for Lindbergh Field.

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Single-Family Rentals Are Taking Over the Housing Market

Pro Builder

“If you don’t think you’re going to be someplace for three years or more, the transaction costs are just too high to buy,” said Norman Miller, a professor of real estate finance at the University of San Diego. The only downside is you’re going to lose out on the investment aspects of homeownership.”. New-Home Sales.

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Home Prices Jumped Double-Digits in December, Highest Pace Since 2013

Pro Builder

Phoenix, Seattle, and San Diego continued to show the strongest price gains among the 19 cities surveyed. and San Diego saw a 13% increase. “From the perspective of more than 30 years of S&P CoreLogic Case-Shiller data, December’s year-over-year change ranks within the top decile of all reports.”. Read More. .

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As Mortgage Rates Fall, Homebuyer Demand Rebounds

Pro Builder

year over year in San Francisco, 2.8% in San Jose, CA, 2.7% They declined less than 1% in Chicago, San Diego, Los Angeles and Philadelphia. . Financing. Prices fell 8.2% in Pittsburgh, 2.3% in Detroit, 1.7% in Sacramento and 1.3% Affordability. New-Home Sales.

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What an Increase in All-Cash Sales Says About These Markets

Pro Builder

Some markets are seeing a much lower share of cash buyers, such as Denver; San Diego; Oakland, California; and Washington, D.C. Atlanta and Tucson, Arizona, are also having a higher share of cash buyers. Read More. . Market Data + Trends. Market Data + Trends.

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

Pro Builder

Pricey California markets saw the largest declines in luxury home sales, led by Oakland, San Jose, and San Diego, which all saw decreases of more than 55%. Rising interest rates, inflation, a tepid stock market and economic uncertainty are causing luxury buyers to back off. New-Home Sales. Market Data + Trends. New-Home Sales.

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Working From Home Could Bring 2 Million Buyers Into the Market

Pro Builder

If telework becomes more of a norm, and businesses allow it where possible, this could give millions of Americans more choice over their home and home finances. In the San Francisco and San Jose metro areas, 22% and 25.2% and most other large metros. Los Angeles (17.2% CORONAVIRUS: RESOURCES AND INFORMATION.