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How the Realtor settlement may impact home sellers and buyers in San Diego
The settlement will change how commission fees are paid to real estate agents. Instead of the traditional 5-6%, buyers and sellers can now negotiate lower fees. NBC 7’s Todd Strain looks at how this could impact people buying or selling a home in San Diego.
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How the Realtor settlement may impact home sellers and buyers in San Diego
The National Association of Realtors recently announced it would pay $418 million to settle class action lawsuits over broker commissions. How might the changes impact those looking to buy or sell a home in San Diego?
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San Diego Mayor Todd Gloria creates streamlined plan to help alleviate housing crisis
The goal is to streamline the process for developers who want to build housing near public transit hubs. NBC 7’s Jackie Crea reports.
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San Diego Mayor touts streamlined plan as answer to affordable housing crisis
As the need for housing in San Diego continues to grow, San Diego Mayor Todd Gloria is creating a new program that he says would streamline the process for developers who want to build near public transportation.
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Study: San Diegans need $275K income to afford a home
The new numbers from Zillow confirm it is expensive to be a homeowner in San Diego.
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Home buyers to be spared automatic broker commissions under new $418 million settlement
The National Association of Realtors has agreed to a landmark settlement that would eliminate real estate brokers’ longstanding automatic commissions, commonly of up to 6% of the purchase price.
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Here's how much $ you need to make to afford a home in San Diego, per Zillow
A new study from Zillow looked at the 50 largest metropolitan areas to determine how much income was needed to “comfortably” afford a home.
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Homebuyers need to earn 80% more than in 2020 to afford a house in this market. It's not just due to high mortgage rates
While mortgage rates remain elevated for potential homebuyers, factors outside borrowing costs are keeping housing unaffordable for many, experts say.
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New middle-income housing coming to San Diego's South Bay
The Candlelight development project will see 450 townhomes built in the Otay Mesa area as middle-income housing.
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New middle-income housing coming to San Diego's South Bay
New middle-income housing just got the green light to be built in the South Bay, but some residents are asking what took so long. NBC 7’s Kelvin Henry reports.
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Fight over Del Mar beachfront mixed-income housing project heads to court
The property owner of seven beachfront acres in Del Mar has been fighting for years to develop the land into a mixed-income apartment complex. Developers for Seaside Ridge want to build 259 apartment units – 85 of which would be priced for low to moderate-income renters.
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Here are the top 10 hottest housing markets in 2024 — and why you may consider other options
Here are the top 10 “hottest housing markets” for 2024. However, homebuyers should consider that “market heat” means more competition, an expert says.
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San Diego's housing costs are a big driver of inflation
San Diego has the fourth highest inflation rate in the country, and the high cost of housing is a large part of that.
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City Heights residents in low-income housing see huge rent hikes
Renters of Potiker Family Senior Residences in City Heights are raising their voices over significant rent increases.
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Some Californians living in low-income housing are still seeing huge rent hikes
California’s rent cap prohibits landlords from increasing their tenants’ rent by more than 10% every year, but it exempts those living in low-income units, leaving them vulnerable to a law that was initially meant to protect them. NBC 7’s Amber Frias reports on Jan. 18, 2024.
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San Diegans struggle with high housing costs
NBC 7’s Amber Firas takes a closer look at what’s behind the increase in rent and home prices.
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Who's most likely to experience eviction in San Diego?
Communities with lower incomes, higher rental cost burdens and a higher proportion of Black and Hispanic households are among those more likely to experience evictions in San Diego, according to San Diego Housing Commission study released Thursday.
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Mortgage-rate drop brings buyers back into San Diego Market
In the past two months, the average 30-year fixed-rate mortgage dropped by around 1%, reports NBC 7’s Kelvin Henry.
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Housing changes in San Diego: Affordable housing plan passes; Housing Commission gets new CEO
San Diego Mayor Todd Gloria discusses the Housing Action Package 2.0 after it passes city council and Joey Safchik meets with the San Diego Housing Commission’s new CEO.
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What's next after Mayor Gloria's housing plan approved by San Diego City Council
A day after the mayor’s housing plan approval, NBC 7’s Joey Safchik introduces us to the new housing commission CEO.