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SAN DIEGO (KGTV) -- Southern California home sales are seeing a significant drop, according to a new report by CoreLogic. In San Diego County, home sales are down more than eight percent year-over-year. Despite a dip in sales, home prices rose 2.6 percent from February of 2018 to February of 2019.The median home price in February was 9,000, CoreLogic reports. RELATED: San Diego among worst cities in U.S. for first-time homebuyersThe recently-released data shows that home sales are cooling by double digits, dropping by more than 11 percent year-over-year in Southern California. The report points out that total SoCal home sales in February were the lowest since February of 2008, when only 10,777 homes were sold. According to the report, sales have fallen on a year-over-year basis for the last seven consecutive months. RELATED: Keys to a successful fix and flip in San DiegoThe report also shows that sales of newly-built homes were more than 50 percent below the February average since 1988. “February was the third month in a row in which Southern California home sales were the lowest for that particular month in 11 years, since shortly after the last housing downturn began,” said Andrew LePage, a CoreLogic analyst. 1243
SAN DIEGO (KGTV) - Small businesses are the heart of San Diego's economy, but for those looking to start one, the process can feel overwhelming. It's a gap the nonprofit lender Accion has been working to fill for the last 25 years. "Sometimes thinking about getting a loan can be scary, and I think one of the things we really try to do through our process with our staff is really walk alongside that business owner," said Elizabeth Shott, CEO of Accion. Since they began in 1994, Accion has loaned million to roughly 3,100 small businesses."We're teaching them about their credit, about their finance, and their cash flow. So through the loan process they're getting a lot of one-on-one education from our staff team," said Shott.On Accion's website, you can apply for a loan as well as learn about free resources available in San Diego. Some free resources include:Legal clinics at universities San Diego Small Business Development CenterA patent attorney available once a month at the libraryFrancisco Moreno, owner of Tacos La Mezcla, is one of the many entrepreneurs who's received both a loan and guidance from Accion. “I guess the unknown is really scary, financially it can be really stressful," said Moreno. After Moreno successfully launched his food truck he was able to open a restaurant with help from Accion. Shott cautions businesses to be careful when getting any loan, being sure to ask questions and understand the terms and fees. Her staff often hears about predatory lenders online which can ultimately cost a business far more than they're able to afford. Their partner nonprofit CDC compiled this list to help entrepreneurs in thinking about the questions/info they should know prior to getting a loan. 1737
SAN DIEGO (KGTV) — Sick and tired over school shootings, a Point Loma High School junior is trying to make change through one of his passions.He participated in Public Service Announcement contest, a collaboration between San Diego Crime Stoppers and the San Diego Unified School District Police Department. Students were required to create a PSA about an issue schools deal with, like bullying or substance abuse.Tim Fraher's 40-second PSA addressed school shootings, raising awareness about the ways it's easier to get a gun than a driver's license. He also wants people to take notice if a friend or classmate is getting bullied or seems depressed.Fraher says he wants people to take school shootings seriously."We need to do something. We can't just sit around and pray that it will go away because it won't. We need to actually get out there and actively reform and make changes so that this won't happen," said Fraher.Fraher won the competition, and his PSA will air on television in the San Diego region this June. "It felt good to know that the message will get across, that it will be out there," said Fraher.He hopes the 40-second message will encourage others to take a chance at making a change. 1216
SAN DIEGO (KGTV) - San Diego rolls out the red, orange, yellow, green, blue, and purple carpet in July for thousands of people who will be attending the Pride Festival headlined by Melissa Etheridge. The event, held Saturday and Sunday July 13 and 14, will take place at Balboa Park’s Marston Point on the corner of Sixth Avenue and Laurel Street. Festivalgoers can enjoy performances from more than 100 entertainers on multiple stages, food booths, vendors, and exhibits. General admission is for a weekend pass, with discounts available online before the event. Teens and children high-school aged and younger can get into the festival for free. Tickets are available at the front gate box office when the festival is open. The following items are banned from the festival: Air Horns Alcohol Bicycles, Skates, Scooters or Skateboards (Store your bike at our free bike storage!) Drones or Remote Control Aircraft, Cars or Toys Flyers, Samples, Giveaways or Promotional Items Illegal Drugs Instruments Laser Pointers Outside Beverages. Exception for unopened disposable water bottles. All reusable water bottles, canteens, and hydration packs must be empty. Outside Food Pets or Other Animals – Except Service Animals WeaponsNeed more info? See a map of the Pride Festival and a complete lineup. 1310
SAN DIEGO (KGTV) — SeaWorld San Diego's next thrill ride has been given the all clear by the state.The California Coastal Commission Wednesday approved the park's request for a dive coaster called Mako, set to open at the park next year. The roller coaster is already being billed as the "tallest, fastest, and longest dive coaster in California," and the only floorless dive coaster in the state.The San Diego City Council gave the 153-foot ride unanimous approval last April, allowing SeaWorld to exceed the city's 30-foot height limitation in coastal zones.RELATED: SeaWorld San Diego brings back its popular annual SoCal PassSeaWorld says construction on Mako should begin in the next few months.The ride, announced in January, will be constructed by Switzerland-based Bollinger & Mabillard. Riders will climb more than 150 feet into the air, suspended on a 45-degree angle at the crown of the ride as their feet dangle underneath.Then the drop, plummeting riders 143-feet facedown at speeds eclipsing 60 miles per hour.RELATED: SeaWorld San Diego rescue teams release seven sea lions after weeks of careMako will cover nearly 2,500 feet of track. Floorless cars will hold 18 riders at a time in three six-person rows. SeaWorld will build the attraction next to the Journey to Atlantis ride, where a parking lot currently sits.As an educational add, the ride will also focus on shark awareness and conservation and include a partnership with a shark conservation organization.Mako is set to debut following the park's Electric Eel ride and Tidal Twister coaster opened this summer. Here's a look at the ride already in operation at SeaWorld Orlando: 1665