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The Current

  • Where to Save & Where to Splurge for Your Wedding

    Where to Save & Where to Splurge for Your Wedding,Lili Kim

    A wedding is a lot like falling in love and opening a spreadsheet at the same time. It plays out like a Hollywood rom-com, with laughter between kisses, lace samples pinned to vision boards, and a refrigerator overflowing with red velvet and jasmine-infused buttercream cake tastings. Then the invoic

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  • Councilmember Elo-Rivera revives plan to tax 2nd homes in San Diego by up to $15,000 a year

    Councilmember Elo-Rivera revives plan to tax 2nd homes in San Diego by up to $15,000 a year,Lori Weisberg

    San Diego Councilmember Sean Elo-Rivera is reviving his proposal to levy a hefty tax on the owners of empty second homes, but in a major reversal, has abandoned his original plan to tax short-term rentals as well. His revised proposal, which calls for an annual levy of $8,000 that would later escala

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  • The Rise of Wellness Weddings

    The Rise of Wellness Weddings,Lili Kim

    On the day before their wedding, Alejandro “Jano” Galindo and Dr. Maria Jose “MJ” Galindo weren’t juggling timelines or hustling through the chaos of seating-chart tweaks and last-minute changes. They were rolling out their mats—yoga for him, Pilates for her. “When we sat down to plan, we didn’t sta

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  • Home Tour: Inside Escondido’s Stunning Net-Zero Sanctuary

    Home Tour: Inside Escondido’s Stunning Net-Zero Sanctuary,Lili Kim

    Strewn among the rolling hills of northern Escondido are granite boulders so huge they look like something from Jurassic Park. Snuggled among them, a new home is so closely connected with nature that it brings one massive rock inside as a major design element—and that’s only one example of how this

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  • ‘Move-up market kind of died’: San Diego home sales last year were among the lowest ever

    ‘Move-up market kind of died’: San Diego home sales last year were among the lowest ever,Phillip Molnar

    San Diego County home sales closed out last year at one of its lowest levels ever as elevated home prices and other factors kept buyers and sellers on the sidelines. The county recorded 27,117 home sales in 2025, according to data released this week by Attom Data Solutions. That’s up slightly from 2

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  • Average US long-term mortgage rate dips to 6.01%, lowest level in more than 3 years

    Average US long-term mortgage rate dips to 6.01%, lowest level in more than 3 years,Associated Press

    By ALEX VEIGA, AP Business Writer The average long-term U.S. mortgage rate slipped this week to its lowest level in more than three years, but remains around 6% in the same narrow range it has been in this year. Related Articles San Diego beach is named No. 1 in the U.S. by Tripadvisor LPL Financial

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  • Construction on first phase of Harbor Park, on the Chula Vista bayfront, to start next month

    Construction on first phase of Harbor Park, on the Chula Vista bayfront, to start next month,Jennifer Van Grove

    The reimagining of Chula Vista’s shoreline continues as the Port of San Diego prepares to introduce new public amenities designed to enhance the waterfront expanse opposite the glistening Gaylord resort. Tuesday, the Board of Port Commissioners for the San Diego Unified Port District took the steps

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  • Little Italy office tower in foreclosure

    Little Italy office tower in foreclosure,Jennifer Van Grove

    The lender behind the 20-story office tower at the corner of Ash Street and India Street in downtown San Diego’s Little Italy neighborhood has not only started the foreclosure process but also filed a lawsuit to either recoup millions in debt or wrest control of the building. Assured Lenders Service

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  • San Diego Museum of Art Reflects on 100 Years in New Exhibit

    San Diego Museum of Art Reflects on 100 Years in New Exhibit,Lili Kim

    It’s hard to overstate how radically the 1915 Panama-California Exposition catapulted San Diego into the future. The Panama Canal had just opened; the halves of the world were finally connected and the cultural possibilities (and tourism dollars) seemed endless. After passing through the canal on th

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  • Want lower home prices? Cut incentives for house investors

    Want lower home prices? Cut incentives for house investors,Jonathan Lansner

    Basic economics tells you that if you lower the demand for a product, the price should fall. Limiting financial incentives for housing investors could increase the share of homes owned by the folks who live there. Consider a new study from the American Enterprise Institute. It notes that favorable f

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  • Where are house investors most active in California?

    Where are house investors most active in California?,Jonathan Lansner

    Roughly one in six California houses is owned by someone who doesn’t live there – but investors’ market clout varies across the state. That’s what my trusty spreadsheet found after reviewing a BatchData report that found investors of all sizes own 1.28 million houses statewide – 17% of California’s

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  • Average US long-term mortgage rate dips to where it was 3 week ago, just above 6%

    Average US long-term mortgage rate dips to where it was 3 week ago, just above 6%,Associated Press

    By ALEX VEIGA, AP Business Writer The average long-term U.S. mortgage rate is holding at just above 6% after reversing a modest uptick in recent weeks just as the housing market closes in on the spring homebuying season. Related Articles This San Diego AI giant wants to merge with its rival. Togethe

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  • US homes sales fell sharply in January, even as mortgage rates continued to ease

    US homes sales fell sharply in January, even as mortgage rates continued to ease,Associated Press

    By ALEX VEIGA, AP Business Writer Sales of previously occupied U.S. homes fell sharply in January as higher home prices and possibly harsh winter weather kept many prospective homebuyers on the sidelines despite easing mortgage rates. Related Articles This San Diego AI giant wants to merge with its

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  • La Jolla’s Sand Castle mansion reduces price by $15.5 million

    La Jolla’s Sand Castle mansion reduces price by $15.5 million,Phillip Molnar

    San Diego’s most high-profile home listing has reduced its price by $15.5 million The Sand Castle mansion at 1900 Spindrift Drive in La Jolla hit the market in October 2024 with an asking price of $108 million and has yet to find a buyer. As of Thursday morning, the new price is $92.5 million. Billi

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  • Tech exec bets on downtown San Diego with purchase of 2 office towers

    Tech exec bets on downtown San Diego with purchase of 2 office towers,Jennifer Van Grove

    Former SoftBank executive and technology investor Eric Gan hopes to speed up the economic recovery of downtown San Diego with his purchase of two office towers. Monday, real estate management entity Golden Columbia LLC purchased 1 Columbia Place, a 27-story skyscraper at 401 W. A St., and 2 Columbia

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  • California house investors target most-affordable counties

    California house investors target most-affordable counties,Jonathan Lansner

    You’re more likely to find California houses owned by investors in the state’s more affordable communities. That’s what my trusty spreadsheet found after reviewing a BatchData report from the third quarter of 2025 that calculates investor ownership of houses and townhomes nationwide. Investors in th

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  • Typical 2025 California home seller made $265,000 vs. $107,000 for US

    Typical 2025 California home seller made $265,000 vs. $107,000 for US,Jonathan Lansner

    California home sellers made more than double what their American peers made last year – but that gap is shrinking. My trusty spreadsheet took a peek at stats from Attom dating to 2008 that track the difference between the price a typical homeowner got when they sold vs. their purchase cost in 130 m

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  • California rent hikes often outpace pay raises

    California rent hikes often outpace pay raises,Jonathan Lansner

    Perhaps the best that can be said for the plight of California renters is that it could be worse. My trusty spreadsheet reviewed monthly rents and hourly wage data collected by United Way, comparing 2024 with 2019 for 96 U.S. metropolitan areas, including nine in California. Those statistics show th

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  • Historic Spreckels Building and Theatre in downtown San Diego hits the auction block

    Historic Spreckels Building and Theatre in downtown San Diego hits the auction block,Jennifer Van Grove

    The storied Spreckels Building and Theatre at 121 Broadway, once a symbol of opulence and San Diego’s emerging status in the early 20th century, is being offered for sale by auction in a distressed sale fueled by the current owner’s inability to repay its debt. This week, the historic property was l

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  • Average US long-term mortgage rate barely budges, holding near 6%

    Average US long-term mortgage rate barely budges, holding near 6%,Associated Press

    By ALEX VEIGA, AP Business Writer The average long-term U.S. mortgage rate barely budged this week, staying close to 6% as the spring home-buying season nears. Related Articles Historic Spreckels Building and Theatre in downtown San Diego hits the auction block ‘My worry is we become Santa Barbara’:

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