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The Current

  • Fannie Mae, Freddie Mac ordered to consider crypto as an asset when buying mortgages

    Fannie Mae, Freddie Mac ordered to consider crypto as an asset when buying mortgages,Associated Press

    By ALEX VEIGAThe head of the federal government agency that oversees Fannie Mae and Freddie Mac wants the mortgage giants to consider accepting a homebuyer’s cryptocurrency holdings in their criteria for buying mortgages from banks.Related Articles Federal judge orders US Labor Department to keep Jo

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  • San Diego exits operations building with move to Mission Valley and a downtown high-rise

    San Diego exits operations building with move to Mission Valley and a downtown high-rise,Jennifer Van Grove

    The city of San Diego is vacating its dilapidated City Operations Buildings as hundreds of municipal workers in the Development Services Department move into recently leased and improved spaces in downtown and Mission Valley.The relocation process, which has been years in the making, is underway and

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  • 15 Things to Do in San Diego This Weekend: June 26–29

    15 Things to Do in San Diego This Weekend: June 26–29,Cole Novak

    No judgement if you’ve spent the last few weeks locked into Love Island every night. But if you and your couch have had a little too much quality time lately, consider spending the weekend out and about among the community. Buy a drink from one of several local independent brewers taking part in San

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  • San Diego’s home price gains continue to lag nation

    San Diego’s home price gains continue to lag nation,Phillip Molnar

    San Diego home price gains continued to slow in April and came close to negative territory.The San Diego metropolitan area’s home price increased 1% annually, said the S&P Case-Shiller Indices report for April released Tuesday. It was part of a nationwide slowdown that has seen prices drop in some c

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  • Compass files lawsuit against Zillow over private home listings policy

    Compass files lawsuit against Zillow over private home listings policy,Associated Press

    By MICHELLE CHAPMAN, Associated PressReal estate brokerage company Compass has filed a lawsuit against Zillow over its policy to ban private home listings.In a filing with the U.S. District Court for the Southern District of New York, Compass claims that “Zillow has sought to rely on anticompetitive

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  • Rent vs. buy: Some Southern California renters might save $105,000 over 5 years

    Rent vs. buy: Some Southern California renters might save $105,000 over 5 years,Jonathan Lansner

    Why so few home sales in Southern California counties?Well, renters in Orange and Los Angeles counties enjoy the nation’s fourth-largest savings between what landlords charge and the cost of financing a house purchase.My trusty spreadsheet reviewed a study by Zillow that estimated everyday rent pric

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  • Campus at Horton lender seeks court-appointed receiver to control property

    Campus at Horton lender seeks court-appointed receiver to control property,Jennifer Van Grove

    The lender behind The Campus at Horton project is asking a local judge to immediately strip developer and property owner Stockdale Capital Partners of control of the property as it seeks to protect the asset during the foreclosure process.Luxembourg-based investment management firm AllianceBernstein

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  • It’s time for California home prices to fall

    It’s time for California home prices to fall,Jonathan Lansner

    California house hunters are balking at high home prices – just like their fellow Americans.The significant difference is that the rejected homes in California happen to be far more expensive than the typical U.S. house.Please forget the “buyer’s market” vs. “seller’s market” debate that’s spun by m

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  • San Diego ready to design downtown’s next public park

    San Diego ready to design downtown’s next public park,Jennifer Van Grove

    After a two-year pause, the city of San Diego and a private developer are seeking community input as they craft the plan for a small, downtown park on a tight budget.Last week, the Urban Innovation Division of San Diego’s Development Services Department kicked off a summer-long outreach effort for t

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  • Southern California rent increases after LA wildfires, outpacing US

    Southern California rent increases after LA wildfires, outpacing US,Jonathan Lansner

    Surging Southern California rent inflation, while national price hikes decline, suggests January’s Los Angeles wildfires may be costing local tenants.My trusty spreadsheet looked at rent costs as tracked by three local Consumer Price Indexes – Los Angeles and Orange counties, the Inland Empire and S

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  • San Diego’s Guild Mortgage to be sold in $1.3 billion deal

    San Diego’s Guild Mortgage to be sold in $1.3 billion deal,Phillip Molnar

    One of San Diego’s oldest companies announced Wednesday it will be purchased by a Florida-based investment firm.Guild Mortgage, based in San Diego since its 1960 founding, has agreed to sell all remaining shares of its company for $1.3 billion to Florida-based Bayview Asset Management.Guild had been

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  • San Diego home prices flat for the first time in 2 years

    San Diego home prices flat for the first time in 2 years,Phillip Molnar

    For the first time in almost two years, San Diego home prices didn’t increase.The median home price in San Diego County was $900,000 in April, flat year-over-year, said Attom Data Solutions. The last time the median, a combination of all closed sales of single-family houses, townhouses and condos, d

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  • Average long-term US mortgage rate eases to 6.81%, the third consecutive weekly decline

    Average long-term US mortgage rate eases to 6.81%, the third consecutive weekly decline,Associated Press

    By ALEX VEIGA, AP Business WriterMCCLEAN, Va. (AP) — The average rate on a 30-year U.S. mortgage eased for the third week in a row, a welcome trend for prospective homebuyers at a time when elevated borrowing costs remain a drag on the housing market.Related Articles San Diego’s Guild Mortgage to be

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  • Meet The Septuagenarian Cooking With SD’s Top Chefs

    Meet The Septuagenarian Cooking With SD’s Top Chefs,Cole Novak

    “My life isn’t that interesting,” says chef Euphemia Ng. Then she starts telling her story—and quickly proves herself wrong.“I was an active 3-year-old, and my grandmother took me to the farmers market in Hong Kong every morning so my aunts could sleep in,” the Tierrasanta resident recalls. “She sho

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  • Where to Celebrate Juneteenth 2025 in San Diego

    Where to Celebrate Juneteenth 2025 in San Diego,Nicolle Monico

    Juneteenth, sometimes called Freedom Day or Jubilee Day, has grown from a local Texas tradition into a nationwide celebration. It marks the moment in 1865 when Union General Gordon Granger arrived in Galveston, Texas and announced the freedom of around 250,000 enslaved people—symbolizing the end of

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  • Zillow says it’s fighting for buyers. Compass says it’s fighting for sellers. What if neither is fighting for you?

    Zillow says it’s fighting for buyers. Compass says it’s fighting for sellers. What if neither is fighting for you?,Kate Talerico

    As two real estate giants escalate a war over how homes should be listed for sale online, both sides say they’re acting in the interest of consumers.Both sides also stand to make a lot of money if they win.The issue intensified at the end of 2024, when Compass, the country’s largest brokerage by sal

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  • 9 Wild Animals You’ll Spot on San Diego Trails

    9 Wild Animals You’ll Spot on San Diego Trails,Cole Novak

    I’ll always remember one of my first times trail running in San Diego. I had just moved to the city and headed out to Los Penasquitos Canyon to run on the shady dirt trails there. I had heard warnings about rattlesnakes, so I had my guard up as I ran. Suddenly, a crashing sound came from the surroun

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  • Where to Celebrate Fourth of July in San Diego 2025

    Where to Celebrate Fourth of July in San Diego 2025,Nicolle Monico

    The US rings in its 249th birthday this summer, and San Diego County has no shortage of fêtes and firecrackers in store to commemorate the occasion. Whether you’re into beach picnics, small-town parades, or grand firework finales, here are 19 festive ways to celebrate the Fourth of July in San Diego

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  • 7 Outdoor Movie Theaters & Pop-Up Cinemas in San Diego

    7 Outdoor Movie Theaters & Pop-Up Cinemas in San Diego,Cole Novak

    Be honest—how often did you hear “It’s too beautiful outside to be indoors watching TV” as a kid? (Maybe you’re even hitting your own little ones with that line now.) But here’s some good news for movie buffs who still want to enjoy the increasingly warm weather: San Diego County is flush with optio

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  • City, Campus at Horton developer at crossroads on public park and Lyceum Theatre

    City, Campus at Horton developer at crossroads on public park and Lyceum Theatre,Jennifer Van Grove

    The developer behind The Campus at Horton project is teasing a forthcoming resolution with its lender and a flashy new plan for the shuttered Horton Plaza Park — even as it stares down a forced sale of the property more commonly known as Horton Plaza, is in breach of contractual obligations with the

    Read More
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