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COVID-19 will continue to impact the housing market heading into 2021.If you're looking to buy, experts say the first few months of the year are the time to do it.A housing forecast out Wednesday from Realtor.com finds mortgage rates will stay low, but only for the first half of the year.“We expect mortgage rates to increase near 3.4% by the end of the year, which would in any other year be record lows, but following on the heels of 2020, 3.4% is up a bit, but still historically low broadly speaking,” said Danielle Hale, Chief Economist at Realtor.com.Home prices have gone up by double digit percentages over the last couple of months. Some of that is expected to slow down as mortgage rates go up.Realtor.com is forecasting just below a 6% increase in home prices for all of 2021, but affordability is going to be a growing concern.“The housing market has been historically challenging for first-time homebuyers, with prices rising as dramatically as they have in the second part of 2020, first-time homebuyers are seeing a bigger gap between what they need to bring to the market for a down payment and what existing homeowners have in the way of home equity to use to trade up,” said Hale.If you already own a home, you may be thinking about selling when you see what it's worth now.Sellers are expected to continue to have the upper hand throughout 2021, with more buyers than homes for sale.You may see more competition with home construction ramping up, leading to more options available.“For existing homeowners, in particular who want to stay up in their home, the fact that we have still low mortgage rates in 2021 creates opportunities for them to consider remodeling to make their home a more suitable place for them to age in place,” said Hale.Another trend that's expected to continue in 2021 is interest in the suburbs. People have been moving out of cities as they're working remotely. Hale says the rising home prices and higher interest rates in 2021 could drive this trend as well. 2014
CORONADO, Calif. (KGTV) -- Warmer ocean temperatures are being blamed after 10 to 15 people were stung by stingrays along the beach in Coronado Tuesday afternoon. According to lifeguards, 10 to 15 people were stung by the creatures after 4 p.m. Lifeguards say ocean temperatures, which reached the mid 60s Tuesday, were to blame for the increase in stingray activity. Lifeguards added that, when ocean waters warm up, it’s common to see an increase in stingray activity, but it’s unusual to see so many stings in a single day. Crews placed purple flags along the shores of Coronado Tuesday to warn of the increase, but say tourists may not know about the dangers the rays pose. The flags can also be used to warn about other creatures, such as jellyfish in the water. The California round ray is known to feed in the shallows off the California coast. Officials say the stingrays lay partially buried in the sand while hunting, making them difficult to spot for unsuspecting beachgoers. The stingray’s barb is covered in venom and mucus that causes severe pain if it breaks the skin. To avoid stepping on the rays, lifeguards recommend shuffling your feet. If you do happen to be stung, below is a list of what you should do to treat the sting: 1. Stop the bleeding.2. Go to the nearest lifeguard.3. Soak foot in hot water to deactivate venom.4. Keep clean to prevent infection.Watch the video below for more on how to prevent stings: 1442
CITY HEIGHTS, Calif. (KGTV) - A group of armed suspects robbed a Sprint store on University Avenue in City Heights Monday night.San Diego Police say three suspects entered the store around 7:45 p.m. Witnesses told investigators that they were forced to the back of the store as the suspects raided a storage area.The suspects made off with an undisclosed amount of tablets, phones and cash, said police.A car matching the description of the suspect vehicle was later spotted at the Mobil gas station on Camino Del Rio North in Mission Gorge. Three men were detained, however, after having witnesses attempt to positively identify them, police said they would not be arrested. 683
CINCINNATI -- When police were sent to Seven Hills School on Tuesday afternoon, they were told a female caller was stuck in a van.The GPS coordinates on that call were within feet of where Kyle Plush, a 16-year-old male student, would be found dead hours later.Cincinnati Police Chief Eliot Isaac hasn't yet talked publicly about what happened that day. The police department, which touts itself as a model for transparency, has been quiet about Plush's death. They're planning to hold a news conference at 3 p.m. Thursday.Nearly two days after he suffocated, numerous questions remain about what went wrong and why a teenage boy is dead even as he pleaded with a 911 operator to send help.What we know, and don't knowPlush called 911 at about 3:16 p.m. Tuesday. He knew he was in trouble but struggled to communicate with the operator. Over the course of a three-minute call in which he gasped, cried repeatedly for help, he relayed that he was trapped inside his car in the parking lot of Seven Hills School.Through Plush's cries for help, the 911 operator indicated the caller was female.TIMELINE: What happened the day Kyle Plush died?A computer-aided dispatch report contained latitude-longitude coordinates on that call. Notes in that report indicated the call may have come from the "thrift store parking lot across the street." Seven Hills has a resale store across Red Bank Road from the school's Hillsdale campus. 1441
CORONADO, Calif. (KGTV) - A major makeover is underway at the Hotel del Coronado, and now the project is moving into phase two, which includes a new entrance. On Wednesday, hotel guests and the public will be able to use the hotel's new underground parking structure, which features 729 spots. For the next two years, guests will enter the hotel from the north side, as the main entrance is redesigned. The temporary entrance can be accessed from R.H. Dana Pl. The project will cost 0 million, a figure that's double the original estimate."To ensure that the Hotel Del is staying relevant with the times, but also that it's here for another 130 years," said Nick OrRico, the resort manager. OrRico says they've been working diligently to enhance the guest experience while construction is underway. After the popular restaurant Sun Deck closed for construction, the hotel created an alternative eatery on the beach with a food truck. "We are still looking for ways to build unique experiences for guests, so they still want to come over here and experience our beautiful beach," said OrRico. Holiday traditions will continue despite renovations, including Skating by the Sea, which kicks off this Friday.For Thanksgiving, the Hotel Del is expecting close to 3,000 guests for dinner in the Crown Room and Ball Room, plus more in the restaurants.On Christmas Eve, they'll serve 500 guests in the Crown Room. And on Christmas Day, they're expecting 2,000 in the Crown Room and Ball Room.The renovation project is expected to be completed in December 2021. 1563