SAN DIEGO (CNS) - A surge in demand for housing in San Diego County and statewide during the second quarter of this year drove down affordability for prospective buyers, the California Association of Realtors reported Tuesday.
According to the CAR, 25 percent of households could afford to purchase a single-family home in San Diego County at the median price of nearly $548,000. That's down from 28 percent in the first quarter of this year and 26 percent in the second quarter last year, according to the association.
To afford a house in San Diego County, a household would require a minimum annual income of $108,390 to make monthly payments of $2,700 -- including principal, interest, and taxes on a 30-year fixed-rate mortgage at 3.95 percent interest rate.
Statewide, 30 percent of Californians could afford a median-priced house, according to CAR's Traditional Housing Affordability Index.
Just 10 percent of households could afford to purchase a median-priced house in San Francisco, according to CAR data. The most affordable region was Kings County, where 62 percent could afford such a residence.
Nationwide, 57 percent of households could afford to buy a median-priced house, according to CAR.
After two mistrials, a judge Friday dismissed felony DUI and hit-and-run charges against an oft-deported Mexican citizen accused of causing a crash in San Ysidro that seriously injured a 6-year-old boy returning home after a day at Disneyland with his family.
Students and community members in San Diego County plan to march for gun control this weekend as part of a nationwide "March for Our Lives."
A stabbing outside a Costco store in Carlsbad Friday left one person seriously injured and an acquaintance of the victim's in custody on suspicion of attempted murder.
Congress gave President Donald Trump the $1.6 billion he wanted this year for his proposed "big, beautiful" border wall with Mexico but the headline number masks what he didn't get on one of his signature campaign promises.
Annual data from San Diego county medical services show an alarming number of local underage drinking deaths.
A man accused of killing his girlfriend -- a mother of two -- in the apartment they shared in the Mountain View neighborhood of San Diego must stand trial on murder and misdemeanor child endangerment charges, a judge ruled Friday.
The San Diego County unemployment rate dropped by a tenth of a percent to 3.5 percent in February amid "better-than-average" growth, according to data released Friday by the state Employment Development Department.
School shootings, for good reason, make news. Most make national news. Some even make international news.
Sheriff's detectives were conducting a follow-up investigation Friday after determining that a pair of bomb threats made against two North County high schools late Thursday night was likely part of a "swatting" hoax, authorities said.