Today on the Southern California Real Estate Report we talk about a new look for Seaport Village.At a estimated cost of $3.5 Billion the project promise to bring new life to the area with new hotels, shops, restaurants, offices, docks ,a beach and more.The developer is 1HWY1 run by Yehudi Gaffen, along with Jeff Jacobs of the Jacobs family and Jeff Essakow.Find out more about our thoughts on this project in this weeks episode.Article referenced from The Union Tribune Titled Mega plan to replace Seaport Village unveiled.https://www.sandiegouniontribune.com/business/growth-development/story/2022-03-01/mega-project-replacing-seaport-village-central-embarcadero-has-swelled-in-size-and-price

Today on the Southern California Real Estate Report we look at the new development located at 525 Olive in Bankers Hills.The development project is one of the tallest towers now located in the Balboa Park area and faced a lot of community opposition.Its a luxury project consisting of studios, 1 bedrooms, 2 bedrooms and one penthouse suite, with prices starting at $3,358.00.There is also 18 subsidized units in the building that are no different than the other units.

Today on the Southern California Real Estate Report we talk about why owning a home is becoming more and more a dream for most Americans. Throughout the Nation there isn't enough homes for sale to keep up with demand. This is especially true in San Diego where the average home price is getting closer to a million. Today we speculate on why this is the case and where we think the market is heading.

Today on the Southern California Real Estate Report we talk about an accusation against a large home leaser that claims they never pulled required permits for renovation projects.There has been a whistleblower lawsuit filed against the company Invitation Homes by none other than Neil Senturia the husband of former City Council member Barbara Bry.He used machine learning technology to find properties that were renovated without permits.

Today on the Southern California Real Estate Report we talk about the recently approved housing incentive package by Mayor Todd Gloria called "Home for All of Us".The new package focuses of ADUs or "granny flats" as people often call them. It makes adding ADUs more accessible for homeowners and the hope is that additional ADUs will allow for more multi-generational housing.So far the package has gathered major support.Learn about our thoughts on the packet by listen in to this new episode.

Today on the Southern California Real Estate Report we have some good news for owners of vacation rentals.There is a delayed start to the short-term rental regulations.The Coastal Commission will have to approve the already voted on new regulations.This might not happen until the end of the year.The issue is that the Coastal Commission has the responsibility of ensuring that California beaches remain accessible for all and the new regulations might hinder access for some.

Today on the Southern California Real Estate Report we talk about the rise in home building that has happened over the last year.Zoning laws, NIMBYism and the slow City processes have all contributed to a lack of housing. For the first time in many years home building is gaining traction.Nearly half of the permits pulled were to build apartments.While the number of pulled permits is a step in the right direction, it still isn't enough to get us out of the housing crisis we find ourselves in.

Today on the Southern California Real Estate Report we are talking about a plan to restore marshland in Mission Bay.The area of Mission Bay Todd Gloria wants to improve the marshland area of, is on the Northeast. It is where the golf course and camping area are located.The article referenced is from the Union Tribune titled "New Mission Bay proposal would add marshland"

Today on the Southern California Real Estate Report we talk about what will happen to San Diego home prices if or when, mortgage rates start to climb.Hint, we are not heading for another 2008 housing crash.Molner, P. (2022, January 10). higher mortgage rates may not scare off buyers in S.D. San Diego Union Tribune.

Today on the Southern California Real Estate Report we talk candidly about the year its been for Real Estate and we talk about what we think top stories will be for next year.Bob and Danielle would like to thank all our listers and hope everyone a happy and health holiday season.We will get back to giving you the latest and greatest of Real Estate news starting in January 2022.