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SAN DIEGO (KGTV) - San Diego County homebuyers could be gaining an upper hand in negotiations as the region's housing market slows.A new report from real-estate tracker CoreLogic says 2,936 homes changed hands in San Diego County in November, an 11 percent drop from November 2017. Meanwhile, the rate of home-price appreciation slowed to 4.6 percent year-over-year. The median home price was 5,000 in November."It's a good time to get in there," said Mark Goldman, a San Diego loan officer with C-2 Financial. "There's more selection of homes to purchase, and there's probably sellers who are more willing to consider offers maybe a little bit below their list price, and so forth."CoreLogic says Southern California as a whole has seen its biggest sales drop in three years. The company says higher interest rates and the volatile stock market could be contributing to buyer pullback. The average rate for a 30-year-fixed is now 4.55 percent, up about a half percent from a year ago. Goldman said qualifying families, even with a few percent cash down, should be able to get an offer accepted in this market."Be cautious, make an offer at a good price, work with a professional realtor who can guide you to a reasonable price, but if you're going to be in that house five years or so, I think you'll be happy," Goldman said.Goldman said the market is coasting at a rate of appreciation that is more sustainable. He said the 6 to 8 percent annual price growth could not last with wages not growing nearly as fast, he said. Goldman added he expects the market to speed up again in the springtime, which is peak season, but that he does not expect prices to skyrocket. 1679
SAN DIEGO (KGTV) - San Diego County homebuyers could be gaining an upper hand in negotiations as the region's housing market slows.A new report from real-estate tracker CoreLogic says 2,936 homes changed hands in San Diego County in November, an 11 percent drop from November 2017. Meanwhile, the rate of home-price appreciation slowed to 4.6 percent year-over-year. The median home price was 5,000 in November."It's a good time to get in there," said Mark Goldman, a San Diego loan officer with C-2 Financial. "There's more selection of homes to purchase, and there's probably sellers who are more willing to consider offers maybe a little bit below their list price, and so forth."CoreLogic says Southern California as a whole has seen its biggest sales drop in three years. The company says higher interest rates and the volatile stock market could be contributing to buyer pullback. The average rate for a 30-year-fixed is now 4.55 percent, up about a half percent from a year ago. Goldman said qualifying families, even with a few percent cash down, should be able to get an offer accepted in this market."Be cautious, make an offer at a good price, work with a professional realtor who can guide you to a reasonable price, but if you're going to be in that house five years or so, I think you'll be happy," Goldman said.Goldman said the market is coasting at a rate of appreciation that is more sustainable. He said the 6 to 8 percent annual price growth could not last with wages not growing nearly as fast, he said. Goldman added he expects the market to speed up again in the springtime, which is peak season, but that he does not expect prices to skyrocket. 1679
SAN DIEGO (KGTV) - San Diego is celebrating 250 years of history in 2019 with special events planned to commemorate the anniversary. Mayor Kevin Faulconer announced efforts for the San Diego 250 initiative Tuesday at a news conference. The San Diego region has been Kumeyaay territory for thousands of years, but the San Diego we know today began on July 16, 1769, city officials said. “This year we mark a tremendous milestone – 250 years of history, culture and achievement,” Mayor Faulconer said. “San Diego is the place where California began, and we will reflect on our past, commemorate this moment in time and look forward to building a better future for all San Diegans in the next 250 years. I want to thank the many dedicated individuals and organizations that have come together to help celebrate this important anniversary and create opportunities to learn more about our history and heritage as a city and region.” A group of civic leaders, organizations, community volunteers has met biweekly to plan key events. Kumeyaay representatives have also contributed to the group’s discussions about an accurate historical representation of their history. The three free public events planned for 2019 include:First Port, First CityApril 11, Noon - 1:30 p.m.EmbarcaderoThe Maritime Museum’s San Salvador ship will stand in for the San Antonio, a Spanish sailing ship which arrived in San Diego Bay 250 years ago. The public can see presentations and cultural exchange activities. San Diego 250: Where California BeganJuly 16, 5 - 8 p.m.Presidio ParkA sunset ceremony will feature the dedication of a new Kumeyaay flag and a VIP tour of the new exhibits at the Junipero Serra Museum. Founders’ DaySept. 14 - 15 The weekend-long event will feature entertainment and family activities. 1797
SAN DIEGO (KGTV) — San Diego Police are looking for the husband of a City Heights woman found dead by her sister Monday morning.Police say 45-year-old Abdiaziz Kerow is a person of interest and is sought for questioning by detectives, but has yet to be located. Kerow's wife, 36-year-old Muna Salad Kuri, was found dead in her apartment in the 4000 block of Van Dyke Ave., police say.Family members say they last heard from Kuri on Saturday.RELATED: Woman finds sister dead in City Heights homeWhen Kuri's sister came to the apartment to check on her Monday, there was no answer and the landlord unlock the door. There, her sister found Kuri dead with traumatic injuries to her upper body, according to police.Anyone with information about the homicide is asked call Crime Stoppers 888-580-8477 or SDPD at 619-531-2293. 827
SAN DIEGO (KGTV) -- San Diego may be seeing more rain than usual this winter, but a panel of scientists recently hypothesized that the storm of all storms could cause billions in damage, destroying vital infrastructure statewide. SPECIAL REPORT: Complete coverage of California's winter stormsA report on "the big one" of all storms, called ARkstorm, has the potential to destroy water supplies, damage the state's power grids and topple agriculture, according to the United States Geological Survey report. The storm would virtually leave California in the dark for some time. RELATED: How to check if your neighborhood is at risk of floodingThe report goes into detail about what California could expect to see should a massive storm hit. Scroll down to see what scientists predict would be damaged should a storm like ARkstorm ever strike the Golden State. TelecommunicationsAfter the storm passes, telecommunications would be a top priority because, according to the report, rebuilding and supplying the state with other lifelines such as its water supply depend on cellular service. The USGS report estimates that a massive storm such as ARkstorm could cost service providers an estimated 0 million. The cost includes material damage damaged in the storm, logistical support and technical personnel. PowerPower restoration would also be a top priority. Without electricity, many other lifelines, such as communication networks, couldn't operate. One of the panels involved in the report concluded that power would be intentionally shut off to all flooded areas, and that electricity would be restored to customers after buildings are determined to be safe. In San Diego County, It’s estimated that full power would be restored to all areas within 23 days.RELATED: Devastating 'ARk' storm envisioned for California by U.S. Geological SurveyAgricultureGrains would be among the hardest hit crop in San Diego County, according to the report. Damage to San Diego’s grain crops could cost as much as million to repair. Damage to San Diego’s livestock could also be significant. According to the report, livestock damage could cost million for the replacement of dairy and livestock feedlot cattle. Building damageIn San Diego County, flood-related damage to buildings is estimated to cost billions. According to the report, such damage could cost the county as much as .5 billion. Statewide, the estimates are much more, soaring to an estimated 0 billion. On top of that, flood-related content losses, such as personal belongings, will cost an estimated 0 billion to replace. Water SupplyWater systems could be heavily damaged due to flooding. The report lists contamination of water supplies and electrical damage as the main sources of damage to water infrastructure. Repair costs for the water supply to larger water districts could range from to 10 billion. The time to restore water largely depends on how much damage has been done, according to the report. WastewaterIt’s estimated that 17 percent of San Diego’s wastewater treatment plants could be flooded, causing sewage contamination in parts of the county. The specific areas that would be affected in San Diego aren’t stated in the report, but full sewage service could take as many as 38 days to restore, according to the report. Damage to DamsThe release of large amounts of water from reservoirs through spillways could damage roads, bridges and lifelines such as water supplies and telecommunication. If a dam collapsed or overflowed, the damage and loss of life could be far greater. This scenario played out during what’s referred to “the great flood of 1916.”According to sunnycv.com, the 1916 flood was the worst natural disaster in the history of the South Bay. Massive amounts of rain fell in the area in January of 1916, flooding all river canyons in the county and destroying all bridges. The Otay Dam broke on January 27, 1916, flooding the entire valley and destroying the town of Otay along with hundreds of farms. 11 Japanese farmers living below the dam were killed. The flood also carried debris and topsoil that blocked ship channels in the San Diego Bay for years. The massive amounts of rain also filled the Sweetwater Reservoir and, when an abutment below the dam gave way, it unleashed floodwater into the valley. It’s unclear exactly how many people died due to the flooding that January. Estimates range anywhere from 15 to 50, according to the San Diego Reader. HighwaysAccording to the report, most of the damage to San Diego’s highways will be caused by flooding. Repairs to a majority of highways in the county are expected to be 90 to 100 percent completed three days after the storm. Other more rural highways could take more than 90 days to repair, the report states. 4791