Category Archives: Uncategorized

San Diego’s inflation rate highest in nation

The inflation rate for the San Diego metropolitan area was higher than the national average, and most cities, in the first six months of the year, federal statistics released Tuesday show.

From January to June, San Diego metro’s inflation was 2.8 percent in the six month period, higher than the nationwide average of 1.7 percent, said the U.S. Bureau of Labor Statistics’ Consumer Price Index. San Diego had the third-highest inflation rate of the 22 metro areas studied by the bureau.

San Francisco metro had the highest rate at 3.7 percent, followed by 3 percent in the Los Angeles metro area. Detroit and St. Louis had the lowest inflation rates at 0.8 percent in both metros.

Higher inflation rates can be rough for consumers who must pay more for items, because wage increases don’t always correlate. In San Diego metro, the rate was lifted by rising housing costs and motor fuel prices.

read more at: https://www.sandiegouniontribune.com/business/economy/story/2019-08-13/san-diegos-inflation-rate-among-highest-in-nation

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San Diego – Free wildfire safety workshop start tomorrow

Hot, dry summer weather means an increased risk of wildfire — in residential areas as well as wildlands. The Fire Safe Council of San Diego County is offering “Fire Operations in the Wildland Urban Interface,” several free workshops focusing on the particular risks of residential areas that are next to open space, which is called the Wildland Urban Interface.

The workshops are:

— 8 a.m. to 4 p.m. Saturday, Warner Springs Elementary School, 30951 Highway 79, Warner Springs. Hosted by the Los Tules/Warner Springs Fire Safe Council.

– 8 a.m. to 4 p.m. Aug. 24, Fire Station 79 – Palomar Mountain, 21610 Crestline Road, Palomar Mountain. Hosted by the Palomar Mountain Fire Safe Council.

— 8 a.m. to 4 p.m. Aug. 25, Lake Morena Community Church, 29765 Oak Drive, Campo. Hosted by the Real East County Fire Safe Council.

Lunch and light breakfast will be provided.

The one-day workshops are free to local residents, representatives of Community Fire Safe Councils and CERT members. Participants will learn the principles used by firefighters to suppress wildland fires and protect structures in the Wildland Urban Interface.

The in-depth courses also teach fire behavior prediction and how to apply this knowledge to the community’s topography, fuels and weather, as well as the fire-safe condition of homes. Attendees will also learn valuable survival tips in the event of a fire.

The courses will be delivered by Thomas Shoots, Cal Fire/San Diego County Fire Authority.

Registration is required. To register, visit the “Events” page of the Fire Safe Council of San Diego County website: http://firesafesdcounty.org/events; or contact Britney Munoz at (619) 562-0096 or britney.munoz@rcdsandiego.org

San Diego home price gains lowest in nation for 4th month

San Diego metro prices gains were the lowest in the nation for fourth month in a row on the 20-city index. It was tied with Los Angeles metro, also at 1.3 percent, joining other expensive markets in substantial drops.

Analysts point to modest wage gains and prices going up too quickly as reasons why buyers are staying out of the market. Nationwide price gains were still nearly double the rate of inflation at 3.7 percent, although that is down from 6.5 percent at the same time last year.

“Given the broader economic picture, housing should be doing better,” wrote David Blitzer, managing director of the index. “Mortgage rates are at 4 percent for a 30-year fixed rate loan, unemployment is close to a 50-year low, (there is) low inflation and moderate increases in real incomes would be expected to support a strong housing market.”

The last time home price increases in San Diego metro were as slow was summer 2012. Yet prices are still going up, unlike the Great Recession when prices were down annually by double digits. In October 2008, home prices were down 26.67 percent year-over-year.

Lower cost markets across the United States saw the biggest gains in March. Prices were up 8.2 percent in the Las Vegas metropolitan area, 6.1 percent in Phoenix, 5.3 percent in Tampa and 4.7 percent in Atlanta.

read more at: https://www.sandiegouniontribune.com/business/real-estate/story/2019-05-28/san-diego-home-price-gains-lowest-in-nation-for-4th-month

disclaimer: for information and entertainment purposes only