Tom York

Aug 21, 2024 | timesofsandiego.com | Tom York

There’s been lots of news about outside investors roiling the market for single-family homes in San Diego, snapping up an ever larger portion of properties that come to market. The trend especially focuses on two New York City private equity firms, Blackstone and BlackRock. Well, now we have added evidence about private investor activity. According to residential real estate web portal Refdin, investors were quite active in San Diego’s residential housing market this past spring.

Aug 6, 2024 | timesofsandiego.com | Tom York

The struggle for housing continues in the land of America’s finest city. San Diego is among the top five U.S. cities with the highest percentage of renters, according to a new report from residential real estate web broker Redfin. We are second behind Los Angeles, which has a rental percentage of 53%. San Diego’s share of renters versus homeowners is 52.4%. Nationwide the rate is 34.4%. The two SoCal cities are followed by New York (50.1%), Fresno, CA (49%) and Austin (46.3%).

Jul 30, 2024 | timesofsandiego.com | Tom York

Working from home has become a part of daily life in the early 21st century here in Southern California. Now comes proof of that phenomenon in North San Diego County. Carlsbad ranks as the 10th most affordable city for remote workers among nearly 200 cities, according to a recent study conducted by CoworkingCafe, a listing service for flexible workspaces. Despite working from home, many remote workers find they occasionally need the amenities of the office, such as a meeting room.

Jul 23, 2024 | timesofsandiego.com | Tom York

For the past several years, notorious New York-based private equity giant Blackrock has been accused of snapping up scarce homes in San Diego when they come up for sale. This activity had the effect of shrinking the supply of homes for individual buyers and driving up prices beyond the reach of many would-be families. Blackrock was roiling the local real estate market, critics said.

Jul 17, 2024 | timesofsandiego.com | Tom York

Yet another example of just how crazy the cost of living especially housing is getting here in San Diego. A new report from the residential rental website RentCafe found that Diego is the state’s fourth-hottest rental market. The competition is fierce:  10 applicants vie for every apartment that comes to market. The occupancy rate is 94.8%, which translates into a full house. According to the report, the surging demand stems from a lack of new apartment construction.