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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For the first time in years, the San Diego County housing market is starting to cool.
In the initial six months of 2019, sales were down 8.4 percent from the same time last year. This meant homes stayed on the market longer and there were more options for potential homebuyers.
Even knowing that, there are two things that are confusing to analysts and possibly for the frustrated San Diegan trying to make heads or tails of what is going on.
- Prices are still going up. In June, prices rose 2.6 percent year over year. If sales are down, how is that possible? Most real estate economists and real estate agents have said prices rose so quickly in recent years that the median home price is far out of reach for many potential buyers. However, San Diego County still has a very small number of homes for sale each month compared to the rest of the nation. That means there is still a lot of competition for what is left, even if fewer people are competing, and that pushes prices up.
- All indicators show the home market should be on fire, but it’s not. The San Diego County unemployment rate was near a record low for most of the first six months, and the region had been adding the most positions in the higher paying professional and business services category. Also, the stock market is still showing gains and mortgage interest rates are much lower than they were a year ago.
read more at: https://www.sandiegouniontribune.com/business/real-estate/story/2019-08-09/san-diego-mid-year-housing-report-fewer-sales-rising-prices
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My Tips for San Diego:
1. Shade the concrete slab in your backyard or front porch. Your concrete slab is like a pizza stone, it captures and holds heat right against your home. If you can’t afford a permanent structure you can use pop-up canopies or sun sail awnings or even an inexpensive tarp tied to posts. We like the temp solution because in the winter we welcome the heat collection.
2. If you have a attached garage or built-in garage; The garage can become like an oven holding heat and radiating to inner rooms. Open the side door (if you have one) and raise the garage door a few inches. Get air circulating. If you do not have a side door still raise the garage door a couple of inches and run a fan. If worried about security only do when you are at home.
3. Consider replacing or adding to your attic insulation.
• Turn off what you can. “While keeping comfortable and running your AC,” Horowitz says, “be extra careful to turn off things you aren’t using and to delay washing your clothes or running your dishwasher till right before you go to bed, when there is less electricity demand on the system.”
• Seal the leaks. Remember how you work to make sure drafts don’t get through windows and doors in the winter? Those same cracks can allow cool air to escape if you are using an air conditioner.
Installing weather stripping around windows and doors is a year-round fix, but it can’t hurt to break out the same draft catchers you use at the bottom of your door or on a drafty windowsill in winter.
• Use the ceiling fan. If you’ve got one, set it to run counterclockwise so that it stirs the air and pushes cold air back down to you. Moving air around with any kind of fan really does work. The wind chill created actually increases the rate at which heat is displaced from your body.
• Be smart about the thermostat. The NRDC recommends a programmable thermostat, so that you can easily set central air conditioning higher when you’re not home, but have it work to lower the temperature before you get back. “It’s OK to crank up the air conditioning when you are home, but when you aren’t going to be there, select a set point around 78 degrees,” Horowitz says.
Window-unit air conditioners should be turned off when you’re not at home, with one exception: Make sure your pets can stay cool. Horowitz suggests leaving one window unit on so that pets don’t overheat. “This is particularly important if you live on the top floor of a building, as top floors can get particularly hot during the day” he says. “When you get home turn (the room air conditioners) on, close the doors and your room should cool off pretty quickly.
• Keep the sun out. Heat gain from sunshine pouring through your windows can have a huge impact on indoor temperatures. “You want to pull the blinds down and close curtains during hot summer days when the sun is out to minimize the heat entering your house through the windows,” Horowitz says. “Later in the day and early mornings, you can keep them open and enjoy the light and view.”
• Check the details. “Another no-brainer is to check and replace, as needed, the filter on your AC,” Horowitz says. “That way, you aren’t making your equipment work harder than it needs to and you will also have a lower energy bill.”
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