San Diego|News|
Low Employer Satisfaction With San Diego Housing Supply: Study
"Ultimately, we have concluded that there will be an economic price to pay, as housing growth is not aligned with job growth."

"Ultimately, we have concluded that there will be an economic price to pay, as housing growth is not aligned with job growth."

The median price of a Southern California home was a record $530,000 in May, up 1.9 percent from $520,000 in April.

The Department of Housing and Community Development officials determined that 171,000 units need to be built locally from 2021 through 2029.
North Oceanside had the most single-family home sales last month, followed by Carmel Valley, north Escondido and Fallbrook.
Median home prices across Southern California edged up to a record level in April, according to CoreLogic.
The price of condos and townhomes have reached a record high in the region.
According to CoreLogic, the median price of a San Diego County home was $529,000 last month, up from $495,000 in January 2017.
The eastern portion of Escondido led with 40 single-family home sales, followed by the north side of Oceanside with 37, according to data.
Prices in only two of the 20 large real estate markets covered in the indices rose faster over the past year.
According to CoreLogic, the median price of a San Diego County home was $529,750 last month, up from $507,500 in October 2016.
The most expensive residential property sold in San Diego County in October was a craftsman home with panoramic views in Point Loma.
Affordability – long a problem in San Diego – is beginning to slip nationally, David Blitzer of S&P Dow Jones Indices said.
A total of 20,956 new and resale homes changed hands in Los Angeles, Orange, Riverside, San Bernardino, San Diego and Ventura counties.
A total of 4,112 homes were sold in the county last month, down from 4,124 in August 2016.
The median price of a house in August was $610,000, about $5,000 less than in July.
San Diego's jump in home values is the third-fastest in the U.S., behind Los Angeles and San Francisco.
"We are predominantly in a seller's market," said Bob Kevane, president of the San Diego Association of Realtors.
The increase reflects the nationwide trend of higher real estate prices, according to a new report.
Officials said the county's annual auction of tax-defaulted properties held in May took in a record amount of cash this year.
Minimum income of $115K now needed to buy median-priced residence of $564K. Four years ago, 56% of CA households could buy house.
San Diego County's real estate market kicked into high gear last month, according to a Monday California Association of Realtors report.
Five Treasurer-Tax Collector locations be open during their usual business hours of 8 a.m. to 5 p.m. to accept payments.
Sales of existing homes in San Diego County rose sharply in March, compared to a lackluster February.
The number of homes sold rose by 4.6 percent in San Diego County.
The University of San Diego Burnham-Moores Center for Real Estate's Index of Leading Economic Indicators hit 141.2 in December.
The median price of a home in San Diego County was $495,000 in December.
Average rents are expected to rise by $155 — to $1,577 — over the next two years, a study from USC Lusk Center for Real Estate reveals.
Less than a third of San Diego County homeowners have submitted their second installments, official said.
It stopped traffic and turned heads--an entire house rolling down the street on a flatbed truck.