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Sales of existing homes in the country broke new records, spurred by ultra-low mortgage rates and after a three-month slump earlier this year during coronavirus pandemic lock downs.Home buyers snapped up a dwindling supply of houses in July, leading to a 24.7 percent increase in the number of homes sold over the previous month.The July 2020 surge in purchases reported Friday by the National Association of Realtors marked the second straight month of accelerating sales. June had reached its own high mark, with a more than 20 percent increase in sales over May.Existing homes are defined as single-family homes, townhomes, condominiums and co-ops.With July’s increase, to a seasonally adjusted annual rate of 5.86 million, purchases are now up 8.7% from a year ago. In July 2019, there were 5.39 million sales.“The housing market is well past the recovery phase and is now booming with higher home sales compared to the pre-pandemic days,” said Lawrence Yun, NAR’s chief economist. “With the sizable shift in remote work, current homeowners are looking for larger homes and this will lead to a secondary level of demand even into 2021.”Total housing inventory at the end of July totaled 1.5 million units, a year ago there were 1.9 million available units.“More homes need to be built,” Yun said in a statement on NAR’s website.Properties are staying on the market for an average of 22 days. This is down from 24 days in June, and 29 days in July 2019.Individual investors or second-home buyers, who account for many cash sales, purchased 15% of homes in July, up from both 9% in June 2020 and from 11% in July 2019.The percentage of first-time home buyers was slightly down in July. 1695

SAN DIEGO — The latest shutdown order has not been kind to San Diego restaurants this holiday season, but some chose to remain open on Christmas despite being relegated to takeout-only service. Harry Kim made the executive decision to keep north park diner open on Christmas for the first time. And to say the restaurant is stretched thin would be an understatement.“it’s hitting us really hard,” Kim said. “When we had outside dining I had employees, five of them. Right now I just work with me and my wife.”Kim has owned the diner since 2007, and says opening on Christmas provides an opportunity for more sales if everyone else was closed. He says it paid off with some extra takeout orders and others through UberEats and GrubHub.Meanwhile, at downtown's Gaslamp BBQ, a skeleton crew handled a steady stream of takeout orders. Owner Tarik Marogy always keeps the restaurant open on Christmas, so 2020 would be no different.“We know we are going to be busy today because a lot of the restaurants usually close,” Marogy said.Marogy says the barbecue has been hit hard in the pandemic. He reduced his employees from 20 to 8. In all, nearly 110,000 San Diegans worked in local restaurants in November, down more than 15 percent compared to November 2019, according to the latest state data available. That was before the most recent shutdown order went into effect.Margoy said, however, that Christmas night orders exceeded his expectations.“I didn’t expect that I'm going to have that much business because of the Covid. But I was surprised, and thank God business was good,” Marogy saidHe says he's hopeful things are going to get better in 2021. And the barbecue will be open January 1 to ring in the new year. 1721

SAN DIEGO (CNS) - A 43-year-old man was hospitalized Wednesday morning with serious injuries after the car he was riding in crashed into four parked cars on a Mountain View street, police said.It happened shortly before 10:30 p.m. Tuesday on South 40th Street just south of Imperial Avenue, San Diego Police Officer Robert Heims said.A 38-year-old man was driving a 2005 Honda Civic southbound on South 40th Street when the car drifted to the right for unknown reasons and struck four parked cars, Heims said.The 43-year-old man, who was sitting in the front passenger seat of the Honda, was taken to a hospital for treatment of a fractured neck, which was not believed to be life-threatening, the officer said.The Honda driver was uninjured and 31-year-old man in the back seat of the sedan had a complaint of pain to his leg, Heims said. 847

SAN DIEGO — Demoralized business owners are venting their frustration and resentment over the new shutdown order meant to help stop the spread of the coronavirusMonday was day one of restaurants doing takeout only, bars, wineries and personal care shuttered, and hotels limiting travelers.This time, however, workers and employers alike feel like they're being hung out to dry."You're shutting us down, it's like, alright, here you go, good luck. That's what it feels like," said Cesar Vallin, who laid off 70 percent of the remaining staff at the Cloak & Petal restaurant in Little Italy. "The future is we're going to be here and we're going to get through this. I have to really question or ask myself if I want to stay in this business."For the second time since March, Cloak & Petal has been relegated to takeout only due to the new shutdown order. Bars, wineries and personal care salons are totally shut down, while hotels may have to turn away away non-essential out-of-state travelers. All of this - without the help of forgivable federal small business loans and a 0 dollar a week boost in unemployment, key stimulus during the first shutdown in march.The state says as of October, more than 118,000 San Diegans worked in food and drinking establishments.At the Intercontinental San Diego hotel on the waterfront, General Manager Chuck Abbott said he had to let go 10 to 20 percent of his staff - now that outdoor dining is outlawed. He expects occupancy to drop into the single digits this week as some leisure travelers cancel due to the order."Every day, every week, every time something else comes out, we have to readjust," Abbott said. "It's just hard."And they'll have to adjust to this reality for at least the next three weeks.Under the order, retail is able to remain open at 20 percent. 1827

SAN DIEGO — An Uber driver escaped from his car after it plunged into San Diego Bay Thursday night.San Diego Harbor Police said the incident occurred at around 10:30 p.m. local time. The driver was on his way to pick up a customer on Harbor Island when he arrived at a T-intersection at a high rate of speed, causing him to drive off the road and into the water. 375

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