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SAN DIEGO (KGTV) -- Home sales in San Diego are starting to see a dramatic decrease, according to a new report by CoreLogic.Year-to-year, home sales fell nearly 18 percent from September of 2017 to September of 2018. From August to September of this year, home sales fell nearly 22 percent. Since 1988, the average change in sales between August and September is only 9.8 percent.“The nearly 18 percent year-over-year drop in Southern California home sales this September was the largest for any month in almost eight years,” said Andrew LePage, a CoreLogic analyst.Also in September, sales of newly-built homes in Southern California were 46.6 percent below the September average since 1988.The drop in home sales is due to higher prices and rising mortgage rates, according to CoreLogic. Those factors are pricing out some would-be buyers and prompting others to wait and see what happens with the housing market.The median home price in San Diego County in September of 2018 was 5,000, up nearly eight percent from the same time last year, however, the median price fell by 1.4 percent from August to September of 2018.“Price growth is moderating amid slower sales and more listings in many markets,” LePage said. “This is welcome news for potential homebuyers, but many still face a daunting hurdle – the monthly mortgage payment, which has been pushed up sharply by rising mortgage rates.” 1405
SAN DIEGO (KGTV) - Hundreds of people packed the stands at the Coronado High School football field Friday, for a celebration of life in honor of Justin Meek.The Coronado High School graduate was one of the 12 people killed at the Thousand Oaks shooting on Nov. 7.The 23-year-old is remembered as a hometown hero, as he died helping protect others from the gunman’s bullets.RELATED: Coronado native among victims of the Thousand Oaks bar shootingMeek moved to Thousand Oaks to attend California Lutheran University. He worked at the Borderline Bar and Grill. Though he often worked as a security guard, the night of the shooting, he and his sister were working as promoters for ‘College Night’ events. When the gunshots started, Justin began helping people get out of harm's way. He was shielding them from gunfire when he was shot and killed. His sister made it out of the bar. The Meek family released a written statement that described Justin’s strong interest in the safety of others since Sept. 11. RELATED: High school students show thanks, one to his sister who survived the Borderline Bar Shooting“Justin wanted to part of the solution, to serve, to protect,” the statement reads.Meek was a criminal justice major with a minor in music. After college, Meek's family said he wanted to join the Coast Guard and then go on to become a U.S. Marshall. Meek’s mother served in the Air Force, his father served in the Navy, and he too felt a strong call to service.“Justin was a genuine, kind, loving, caring, compassionate, hardworking, talented man and a friend to everyone he met,” the statement reads. “He was a loving son, protective brother, and hero to all.”There is a paddle out for Meek on Saturday morning. There will be a church service of him on Sunday. 1775
SAN DIEGO (KGTV) - Home sales in San Diego County accelerated in July after declining on an annual basis for more than a year.New data from real-estate tracker CoreLogic shows 3,988 home sales in July, up 10.1 percent from July 2018. That marks the first time since April 2018 that home sales in the county did not decline on an annual basis, when seasonal factors do not impact the data. Meanwhile, the median price for a home sold in the county remained flat over the year at 0,000. In June, the average rate for a 30-year-fixed mortgage fell to 3.8 percent, according to Freddie Mac. That was the first time the rate was below 4 percent since Dec. 2017. It ticked down even lower in July to 3.77 percent. Mark Goldman, a loan officer with C2 Financial, said the lower rates likely helped people increase their buying power by 2 to 3 percent. "That same house is going to cost a little bit less, and help you afford more," he said. "A lot of times when market gives you something like lower rates, the market takes it back in the form of higher prices, and we’re not really seeing that."Goldman said there is less speculation in the market due to concerns that it has leveled off. Still, the median price of 0,000 is pricing people out of the county. For instance, Daniel Obrzut, who grew up in San Diego, bought a three bedroom home in Menifee, in southern Riverside County, for 0,000, where he is raising two daughters. He couldn't find anything similar locally."You're getting houses built in the 1960s, 1970s for 0-0-0,000," he said. "Just couldn't beat it, or it would be three quarters of a million or a million dollar house down here."San Diego County's 10 percent increase in sales activity was the highest in Southern California in July. 1775
SAN DIEGO (KGTV) - Emergency bluff repairs are underway at Sunset Cliffs.The city is working to make the area safer after a significant collapse months ago.Held up by a crane, workers are scaling the bluff in a man basket, removing loose dirt and soil that the city says is hazardous.RELATED: 300
SAN DIEGO (KGTV) - Former Congressman Darrell Issa is standing behind a political ad that the San Diego chair of his own party has called highly inappropriate.The ad, running on local television, takes aim at Carl DeMaio, a key Issa opponent in the race to replace Duncan Hunter in California's 50th Congressional District. The campaign commercial presents itself as a retort to a recent DeMaio ad that questioned Issa's dedication to President Trump. Issa's ad turns that around. However, the attacks appear to get personal. The ad uses images of two news article headlines in The Hill and The Los Angeles Blade that describe DeMaio as "Gay." It also uses images of MS-13 gang members when talking about DeMaio's stance on a path to citizenship for illegal immigrants (DeMaio said in The Hill article that he supports a path for well-educated immigrants and those who came to the U.S. as children.)San Diego Republican Party Chair Tony Krvaric described the ad as highly inappropriate."We encourage all candidates to stick to the issues," he said. At a news conference Thursday, Issa defended the ad. 1110