New Home Inventories Must Decline for Housing to Recover
The latest reports are indicating that new home inventories dropped last month, however, there are still
way too many on the housing market. An analyst on Wall Street stated that builders must show some
restraint while the current rate catches up with demand.
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Expansion Approved for Salk Institute
La Jolla, CA: On Tuesday, the San Diego City Council approved a long-awaited expansion plan for the Salk Institute for Biological
Studies. The plan originally received criticism from La Jolla and San Diego residents, but the revised plan was
approved by a unanimous vote from residents, activists and even the mayor.
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Southern California Home Sales Jump in September
Home sales in Southern California rose by more than sixty-five percent in September compared to
the previous year when lenders began to tighten their grip on accessible loans. In addition,
home sales, in August, also rose a bit from the previous month due to falling prices.
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San Diego Real Estate Undervalued
San Diego had some of the most overvalued real estate in the country and, in the recent downturn of the economy, San Diego is
now the most undervalued real estate in all of California.
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Downtown San Diego Gets New Makeover
Downtown San Diego will soon be getting a new makeover. The plan is for the waterfront in downtown San Diego and it will
feature artwork, new lighting poles and unique trees. The cost of phase 1 will reach almost thirty million dollars and
is being called the North Embarcadero Visionary Plan.
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Cutting Edge La Jolla
I've said this before in previous blogs, but I am going to say it again, La Jolla and San Diego continue to
lead the way on everything from ocean research to global warming. Scripps Institute is probably the most
famous, but there is also the Salk Institute for Biological Studies and the Burnham Institute that specializes in
medical research. In addition to the college, UCSD, there is General Atomics and the Science Applications Corporation.
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Rain and Cooler Weather Expected for La Jolla
Temperatures in La Jolla will be dropping today as the weather service is forecasting rain throughout San Diego. This will be
the first heavy rain in months.
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