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SAN DIEGO (KGTV) -- A new report is looking into why there is a shortage of homes for sale around the country. According to the report by NerdWallet, in October of 2017, the US had a 3.9-month supply of existing homes for resale, meaning at that pace, it would have taken 3.9 months to sell all the homes on the market. According to NerdWallet, a supply under six months places home buyers at a disadvantage. The report identifies six reasons why the housing supply is so low. 1. Boomers aren’t movingOver three-fourths of baby boomers own their own homes, according to the report, meaning millennials don’t have enough homes available to buy. The report also found that rising home prices force baby boomers to stay put because they don’t have the cash to downsize. RELATED: California gas tax set to increase July 12. Landlords won’t sellNerdWallet says millions of single-family homes were converted to rentals after the foreclosure crisis. In 2017, renters made up 36 percent of households. A greater demand for homes coupled with less supply means values rise while rents are rising faster than home prices. 3. Low mortgage rates The report points out that interest rates on outstanding mortgages averaged about 3.8 percent over the last three years. As mortgage rates rise, fewer people are interested in selling and getting into new mortgages. 4. Entry-level homes ignored by buildersIn the first nine months of 2017, nearly 500,000 newly-built homes were sold of which 55 percent sold for 0,000 or more. NerdWallet says builders blame high land cost and a lack of skilled construction workers for not building more entry-level homes. RELATED: Program vows to help San Diego teachers buy homes5. Regulations add costThe report points out the homebuilders say environmental protection, infrastructure fees and rules that specify lot sizes all add tens of thousands of dollars to the cost of building every single home. According to the report, regulations account for roughly one-quarter of the cost of each home. RELATED: San Diego County city shows enormous home appreciation in 20 years6. Owners want a restricted supplyFinally, the report found that local zoning and land-use regulations are enacted by officials elected by the people. The report says those officials are only responding to constituents who want a limit on the number of homes that can be built in a neighborhood. Elected officials can also set a minimum square footage for homes, further limiting supply. “There are regulations that are more about the neighbors’ sensibilities than they are about the safety of the people living in the houses,” says Miriam Axel-Lute, associate director of the National Housing Institute. “It’s neighbors who want their property values to go up, in most cases, who are insistent upon some excess safety design standards or minimum lot sizes or other things,” Lute says. “They either want their property values to go up or they don’t want, quote, ‘the wrong sort of people’ in their neighborhoods. This is the pressure behind a lot of the most damaging regulations out there.” 3097

SAN DIEGO (KGTV) - A partnership with the United Way and the San Diego and Imperial Counties Labor Council pulled off a donation drive-through at SDCCU Stadium Tuesday morning that served 500 families in need.Cars holding vouchers from the various unions represented by the council lined up and proceeded through the assembly line, loading up with food and toys donated by their fellow workers.Every year, thousands of union workers make a monthly donation from their paychecks to assist their fellow working families and community members in need. This year's recipients included fire victims and other families identified by several non-profit partners, according to representatives with the Labor Council."You've got electricians and teachers out here helping school bus drivers and janitors and security guards, those who have fallen on hard times and need a little extra help," says Keith Maddox with the Labor Council.Holding two events, one in San Diego and the other in Imperial County, 650 families total were served by the annual donation drive.Feeding San Diego helps procure the food for the drive, according to Unions United/United Way of San Diego County President and CEO Nancy Sasaki. 1209

SAN DIEGO (KGTV) — A newly discovered comet flew past Earth early on Saturday, giving those who awoke early enough to catch it quite a show.Comet Neowise was spotted by a NASA telescope by the same name on March 27, according to NASA. Since then, the space agency says the comet has been spotted by several NASA spacecraft, including Parker Solar Probe, NASA’s Solar and Terrestrial Relations Observatory, the ESA/NASA Solar and Heliospheric Observatory, and astronauts aboard the International Space Station.NASA says the comet came within Mercury's orbit on July 3, where the sun caused dust and gas to burn off its surface and create an even bigger debris trail.Neowise, which measures about three miles across, will be visible in Earth's Northern Hemisphere until mid-August, when it will change course and head toward the outer solar system, NASA says.For the next few days, the comet will be visible about an hour before sunrise in the northeastern sky in the U.S., NASA adds. Depending on local conditions, Neowise may be visible shortly after sunset on July 11 or July 12."In its discovery images, Comet Neowise appeared as a glowing, fuzzy dot moving across the sky even when it was still pretty far away," said Amy Mainzer, Neowise principal investigator at the University of Arizona. "As soon as we saw how close it would come to the Sun, we had hopes that it would put on a good show."In San Diego County, at least one stargazer was able to catch the comet streak across the early morning sky. Kim DeCew posted to 10News' Weather Watchers Facebook page her glimpse of the comet from Mt. Laguna.GALLERY: Comet Neowise glides through morning sky at Mt. LagunaFor the next few days it will be visible about an hour before sunrise, close to the horizon in the northeastern sky in the United States. Observers might be able to see the comet's central core, or nucleus, with the naked eye in dark skies; using binoculars will give viewers a good look at the fuzzy comet and its long, streaky tail. As it speeds away from the Sun, Comet NEOWISE will begin to make its appearance in the evening sky shortly after sunset on July 11 or July 12, depending on local conditions. 2185

SAN DIEGO (KGTV) - A large group of city leaders, hotel workers, homeless service providers and community members gathered Thursday outside the Hilton San Diego Gaslamp Quarter to show support for the Yes! For a Better San Diego initative.The initiative, which will appear on the March ballot, has bipartisan support and seeks to address the city's homelessness issues, street repairs and job creation with a hotel tax increase. Supporters say the initiative would generate 7 million in the first five years. According to San Diego Mayor Kevin Faulconer, the highest hotel tax increase would be in downtown San Diego at 3.2 percent, with 2.25 percent for hotels on the outskirts of downtown and 1.25 percent for hotels on the outskirts of the city.San Diego's current transient occupancy tax is 10.5 percent."It's not only about the thousands of jobs that you just heard, the infrastructure and the roads, the most important issue that is facing our city the issue of homelessness and for the first time a dedicated funding stream," said Faulconer.He said the initiative would also expand the San Diego Convention Center and create 7,000 new jobs.Some tourists tell 10News raising the hotel tax could backfire and make some visitors simply stop coming to San Diego on vacation."It probably means I'll choose somewhere else next time I travel, somewhere more affordable for me," said one tourist who did not want to be identified."I definitely think it's important to deal with the homeless population and expand your economy, but I don't think that should happen with your tourism dollars. I think that's a local issue that you should fix locally."The measure would need need two-thirds the vote to pass. 1715

SAN DIEGO (KGTV) — A lifelong San Diego resident says he's sick of seeing overgrown brush in local medians — and he's willing to put himself in the weeds to resolve it.Adam Huntington says the weeds are giving local beach towns a bad look."Great people, great vibes, unfortunately our aesthetics aren't matching up to the great vibes right now," Huntington says. Next to a traffic sign, he says, "the weed was literally growing this high all around this."While some may be used to the weeds sprouting from Mission Blvd. medians, Huntington said he can't ignore the eyesore anymore. "I don't think anyone wants to see their beach look like this when the come to visit it," Huntington said.So the mortgage loan officer has been cleaning up the medians in his spare time. He first uses a weed wacker to cut down the brush, then rakes out the weeds, and finally sweeps and cleans them up. He's been posting his progress on social media. And it's not just Mission Beach.Clairemont Lutheran Church is doing similar work, organizing volunteers to clean up overgrown medians.Huntington has complained to the city and is frustrated with their response. But officials tell us they are trying to make this issue a priority.The mayor's allocated over a million dollars for vegetation and brush abatement in the current fiscal year. With that money the city has cleaned up weeds on 42 miles of median, completing more than 200 requests since July 1. The city blames excessive weed and vegetation growth to the wet winter and spring. Huntington plans to tackle other areas of the city, and says he'd be pleasantly surprised if the city beats him to it. 1646

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