Category Archives: Uncategorized

San Diego – Sewer rates increase 17% this Saturday for SFR

San Diego sewer customers living in single-family homes should prepare for some sticker shock when their rates spike 17 percent this week — and 31 percent over the next four years.

The sharp increases are the result of a comprehensive study that showed single-family sewer customers haven’t been paying enough while other customers — businesses, apartments and condos — have been paying too much.

Rates for businesses will drop by 5 percent when the new year begins Saturday, while rates for condos and apartments will drop 12.1 percent.

read more at: https://www.sandiegouniontribune.com/news/politics/story/2021-12-28/sewer-rates-spike-17-percent-saturday-for-single-family-customers-in-san-diego

San Diego County’s Med Home Price Unchanged

San Diego County’s median home price was unchanged in October as the number of sales hit its lowest level since winter.

Analysts say there are two factors that have pushed sales down: Lack of homes on the market and potential buyers increasingly less likely to go over asking prices.

“It’s not that there aren’t buyers. It’s really the lack of inventory,” said Gary Kent, a La Jolla-based real estate agent.

Kent said he has asked clients if they would consider selling homes but keeps running into the same issues: People think they can get more money if they wait, or there are so few homes for sale that homeowners worry if they sell their home, they won’t be able to find another one to buy.

Read more at: https://www.sandiegouniontribune.com/business/story/2021-11-17/san-diego-home-price-gains-slow-from-summer-peaks

Zillows closing flipping business; 25% of workforce cut

Zillow said Tuesday it is laying off a quarter of the real estate firm’s 6,400 employees as it shuts down the company’s house-flipping operation, a painful setback for a player that has sought to expand its role linking property buyers and sellers.

In a statement explaining the abrupt move to pull the plug on the side business, called Zillow Offers, CEO Rich Barton said “the unpredictability in forecasting home prices far exceeds what we anticipated.” As a result, continuing to grow Zillow Offers “would result in too much earnings and balance-sheet volatility,” he added. 

read more at: https://www.cbsnews.com/news/zillow-layoffs-closing-zillow-offers-selling-homes/