Profit margin on flipping a home is at a 17-year low due to high prices

By ALEX VEIGA, AP Business Writer LOS ANGELES (AP) — It pays less and less to buy and flip a home these days. From April through June, the typical home flipped by an investor resulted in a 25.1% return on investment, before expenses. That’s the lowest profit margin for such transactions since 2008,
Read MoreCalifornians pay ninth-highest HOA fees in US

To Californians who think their homeowner association fees are too high: take a dash of solace in knowing it could be worse. My trusty spreadsheet examined one housing cost the Census Bureau hadn’t previously broken out: dues paid to homeowners’ association or other condominium fees. The recent rele
Read MoreDoes Senate Bill 79 go too far by overriding local zoning to build housing near transit hubs?

California lawmakers approved a bill in mid-September that would override local zoning to build housing near transit hubs. Senate Bill 79 allows for taller, denser housing near transit corridors such as bus stops and train stations: up to nine stories for buildings adjacent to certain transit stops,
Read MoreBehind the Stone Facade: A Japanese-Inspired Urban Sanctuary

From the street, Stealth by APOLLO Architects & Associates reads as a solid stone block, its slate-gray facade giving nothing away. The design prioritizes privacy, yet once inside, the home reveals itself as a light-filled sanctuary shaped by Japanese sensibilities. Minimalist lines, natural materia
Read MorePhotos: Margaritaville Hotel Celebrates Jimmy Buffet Day With Fundraiser

To celebrate Jimmy Buffett Day, Margaritaville Hotel San Diego Gaslamp Quarter hosted a long weekend of fundraising events to benefit the San Diego Music Foundation. Parrotheads and parakeets enjoyed tropical cocktails, performances from local artists, and bid on exciting prizes in a travel-themed s
Read MoreMidway Rising’s $3.9B plan for San Diego’s sports arena site advances

Three years in the making, the Midway Rising project seeking to redevelop San Diego’s 49.2-acre sports arena site with thousands of apartments, a replacement arena and new shops is nearing a climactic decision point, even as proposed lease terms with the city remain undisclosed. Thursday, the city o
Read MoreAverage rate on a 30-year mortgage edges higher after declining four weeks in a row

By ALEX VEIGA, AP Business Writer The average rate on a 30-year U.S. mortgage ticked up this week, ending a four-week slide that brought down borrowing costs for homebuyers to the lowest level in nearly a year. The rate rose to 6.3% from 6.26% last week, mortgage buyer Freddie Mac said Thursday. A y
Read MoreUS home sales remained sluggish in August despite late-summer mortgage rate slide

By ALEX VEIGA, AP Business Writer Sales of previously occupied U.S. homes remained sluggish in August, even as a late-summer slide in mortgage rates brought home loan borrowing costs to a 10-month low. Existing home sales slipped 0.2% last month from July to a seasonally adjusted annual rate of 4 mi
Read MoreChalet with Peaceful Views of the Krkonoše Mountains

Located in the Krkonoše National Park, the Horní Malá Úpa Mountain Chalet by OK PLAN ARCHITECTS blends contemporary comfort with the vernacular character of the Czech highlands. Clad in charred wood and topped with an anthracite metal roof, the gabled structure draws from traditional Krkonoše forms
Read More8 of the Best Pumpkin Patches in San Diego for Families

Fall in San Diego means crisp evenings, festive décor, and of course, pumpkin patches. Whether you’re looking for a full farm experience with hayrides and corn mazes or just a quick spot to pick the perfect pumpkin and snap a few photos, San Diego County has plenty of options for families. Here are
Read More7 San Diego Oktoberfest Events to Attend

Fall is here and the smell of beer is in the air. While flights to Munich are a bit pricey and will set you back 12 hours, San Diego’s Oktoberfest celebrations offer a much cheaper alternative—minus the jetlag. If you needed an excuse to drink beer, listen to live music, and dig your lederhosen and
Read More16 Things to Do in San Diego This Weekend: September 23-29

Fall has officially arrived and while some may be mourning the end of summer, the city is ensuring you have plenty of ways to get out and about and enjoy the new season. The menu for this weekend includes a pair of eco-friendly festivals at the second annual Wasted event and the inaugural San Diego
Read MoreHuge housing costs are stressing out California

Roughly 1-in-5 California households have housing expenses gobbling up more than half of their incomes. My trusty spreadsheet identified numerous affordability challenges by analyzing 2024 Census Bureau housing data for the 50 states and the District of Columbia. These latest figures detail swings i
Read MoreCoronado Cays mansion goes for $24M at Hong Kong auction

A mansion in the Coronado Cays went for $24.1 million at a Hong Kong auction last week after years of struggling to find a buyer. The newly built mansion at 3 The Point went on sale in November 2023 for $43 million, but had its priced reduced to $37.5 million a year later. The sellers then turned to
Read MoreA Mid-Century Lake House Transformed into a Bright, Airy Retreat

Overlooking a wooded lake in Michigan, Sodon Lake House from Disbrown Iannuzzi is designed for light, openness, and family living. Inside, large windows and white interiors create an uplifting atmosphere that feels both modern and serene. The renovation enhanced both aesthetics and performance. Unin
Read MoreAn Off-Grid Canadian Cottage Balancing Design and Sustainability

Armstrong Cottage is an off-grid, net zero retreat in Peterborough, Canada, designed by Peter Braithwaite Studio for a Toronto family. Built on an island with difficult access, the project required barges, floating docks, and winter ice crossings to transport materials and machinery. The house is ma
Read MoreCompass to buy rival brokerage operator Anywhere Real Estate for about $1.5 billion

By ALEX VEIGA, Associated Press Two of the nation’s biggest real estate services companies are combining in a deal that will bring Century 21, Compass and several other major brokerage brands under the same umbrella. New York-based Compass has agreed to acquire rival Anywhere Real Estate in an all-s
Read MoreBalancing Stone and Timber: The Architectural Dialogue of Chapelle MI

Chapelle MI is a contemporary extension to a historic stone chapel in Mortagne-sur-Sèvre. The project from Atelier Ose respects the original heritage while introducing a modern timber structure that adapts to the sloping terrain. Built on pilotis, the new volumes appear suspended, reducing their imp
Read MoreHigh Ceilings and Concrete Details Define Casa en Asturias

In Asturias, a modern residence by Jovino Martínez Sierra Arquitectos frames expansive views of the Cantabrian Sea and the surrounding meadows. Large windows and clean white volumes open the house to the landscape, giving it a strong connection to its natural setting. High ceilings and an exposed co
Read MoreFactory-built housing could help solve San Diego’s housing crisis

San Diego leaders are promoting a new way to help solve the local housing crisis: apartment complexes fully constructed inside factories and then transported to a city neighborhood for quick installation. Such apartments can rent for less than units in new apartment complexes constructed traditional
Read More
Categories
Recent Posts











