Looking to buy or sell your home this summer… and not break a sweat? It’s no secret the SD market is hot. If holding out until the market cools offisn’t an option, there may be some good news on the horizon.
According to an Opendoor.com survey from last month, less than half of consumers (42%) say that the current macro conditions will impact their buying timeline. Read: Buyers are resilient.
SD homeowners can go to Opendoor.com and get an offer in minutes by entering their home address and answering a few questions about their home. | Photo by the SDtoday team
For homebuyers who are still actively searching for a home, lower competition + more seller activity can help provide some relief.
That, coupled with the rising cost of home loans, may help cool the red-hot housing market as higher rates will lead some borrowers to lose their mortgage eligibility due to banks’ strict debt-to-income ratio requirements.
Mortgage rates continue to sky-rocket, impacting the bottom lines of both homeowners + borrowers. The average fixed rate on a 30-year mortgage reached 5.27% in early May, the highest level in more than a decade.
DYK: Every 60 seconds, a homeowner requests an offer from Opendoor. | Photo provided by Opendoor
Homeowners who sell to Opendoor can avoid showings and manage their sale entirely online. Plus, with Opendoor’s all-cash offer, sellers don’t have to worry about a buyer’s financing falling through. Homeowners maintain complete visibility and control throughout the process.
Bonus: Sellers get to choose their closing date — minimizing the possibility of double mortgages or double moving costs. And you can cancel anytime before close, at no cost, for any reason.*
Mary Chapin Carpenter | Tues., June 14 | 7 p.m. | The Magnolia | $45+ | The folk singer performs live in El Cajon. 🎸
Women in Sports and Title X: Past, Present + Future | Tues., June 14 | 12-1 p.m. | Virtual | Free | The lecture series hosted by the Women’s Museum of California focuses on the groundbreaking legislation and its impact on women + girls over the past 50 years. ⛳
Gov’t Mule | Tues., June 14 | 7:30 p.m. | Humphrey’s Concerts by the Bay | $55 | The Southern rock jam band headlines this standing-room-only show. 🎸
Wednesday
For King & Country | Wed., June 15 | Del Mar Fairgrounds | $35+ | The pop duo headline the San Diego County Fair. 🎶
Wine & Paint at the C | Wed., June 15 | 6-8 p.m. | Emerald C Gallery | $48 | Learn from artists + create your own masterpiece, with unlimited drinks. 🍷
Thursday
Movies by the Pool: “Space Jam” | Thurs., June 16 | 7 p.m. | The Lafayette Hotel | Free | Watch the slam-dunk movie by the pool, RSVP required. 🏀
North Park Thursday Market | Thursdays | 3-7:30 p.m. | North Park Main Street, 3939 Iowa St. | Browse through local vendor tents offering fresh produce, flowers, baked goods and apparel. 🥑
We have amonthly guide filled with events + activities you can plan for in advance. Click the button below to bookmark ideas for upcoming date nights, family outings, and time with friends.
Green Chef has meals for every lifestyle and preference, including keto and paleo, Mediterranean, vegan + vegetarian + more. | Photo provided by Green Chef
Attention, weeknight warriors. Getting a wholesome, home-cooked meal on the table every night can be challenging. Enter: Green Chef. Here’s why San Diegans love it:
More time: Green Chef’s pre-measured, pre-prepped ingredients save you time and your ingredients from getting unnecessarily tossed.
Organic ingredients and premium proteins: A variety of premium, clean, ingredients make eating well easier.
Flexible plans: When you’re hungry for something new, it’s easy to switch up your subscription.
Bonus: SDtoday readers can get $130 off when they join. 🥒*
70º | Partly cloudy, full moon tonight | 6% chance of rain
Sunrise + Sunset
Rise: 5:40 a.m.
Set: 7:57 p.m.
Tide
Low: 9:57 a.m. + 9:03 p.m.
High: 3:33 a.m. + 2:42 p.m.
Development
The City of San Diego’s Planning Commission approved a 37-story apartment complex in East Village last week. The 611 Island Avenue project will have 443 units — but only 52 parking spots for cars — hoping to encourage less reliance on car ownership. The development timeline is pending City Council approval. 🏢 (San Diego Union-Tribune)
Travel
Watt are those cars in Oceanside? The city launched gO’side yesterday, providing a new way to get around downtown areas. The electric shuttles can be hailed via the “Ride Circuit” app or by flagging down a vehicle with available space, and are free during the program’s pilot period through November. 🛺 (Times of San Diego)
Trending
A male shepherd dog was safely removed after wandering into the gorilla enclosure at San Diego Zoo Safari Park. Staff took two gorillas out of the exhibit as soon as they became aware of the situation, and the San Diego Humane Society obtained the dog and is currently searching for his owner. 🦍 (CBS 8)
Holiday
The Maritime Museum Of San Diego announced its Fourth of July Fireworks viewing for the Big Bay Boom. The ticketed event will begin at 9 p.m. — with gates opening at 7 p.m. — and optional Americanpicnic foods for the occasion including hot dogs, chips, and apple pie. 🎇
Sports
San Diego State University’s Alex Roberts qualified for the USA Swimming’s 2022 Phillips 66 National Championship, but it wasn’t a stroke of luck. The swimmer completed the 100-meter backstroke in 1:02.68 at the Speedo Grand Challenge — joining teammates Kristina Murphy + Meredith Smithbaker as SDSU’s third qualifier. 🏊♂️ (SDSU NewsCenter)
Biz
We’re fairly certain you’ve heard of the San Diego County Fair because the advertising budget is at a record high this year. Advertisers spent $1 million promoting the event, which is $230,000 more than the 2019 budget + is expected to generate 80 million impressions. 🎡 (Times of San Diego)
Outdoors
SeaWorld San Diego soared into action, taking care of 30 California brown pelicans after a mysterious illness left hundreds of juvenile birds sick + malnourished. The organization developed a fishy formula to help the pelicans get nutrients + return to the wild, and continues to work to identify the cause of their condition. 🦤 (Business Insider)
Arts
The City of Santee is working to expand its Arts and Entertainment District — first adopted in 2019 — to make it a cultural destination for residents and visitors. Art critics are welcome to help the development by providing feedback through the city’s survey. 🖼️
Ranked
The secret’s out: San Diego has great speakeasies — but Raised By Wolves proved it’s truly top shelf by ranking as one of North America’s 50 best bars. The cocktail lounge clocked in at No. 19, the second highest representative from California. 🥃 (50 Best)
Picture this: You’re itching toplant roots. You’ve got some savings, and you’re so very tiredof paying rent. But how do you know if you’re really ready to buy a house?Check out these questions to ask yourself first, courtesy of Opendoor’s Consumer Trends Expert Beatrice de Jong for Architectural Digest. 🏡*
Health
Did you know? Almost everyone has experienced a tension headache, but they’re completely different from migraine headaches, which can be majorly disruptive and follow a unique pattern of symptoms. Quiz yourself on the difference.*
A wellness message from our sponsor
A decrease in muscle tone and mass as we age is inevitable — but a few simple exercises can make a big difference in maintaining (and even building)strength throughout aging. Celebrity trainer Tony Horton explains.*
Content marked with a * is brought to you by our advertising partners and helps make this newsletter free.
The tunes are officially spinning at Part Time Lover. The hifi bar + record store in North Park at 3829 30th St. opened last week, letting guests say cheers to sips and sounds.
Let the record show, the new lounge is a collaboration of community efforts. It was developed by CH Projects, the local hospitality group responsible for Raised By Wolves. Inside, the music is curated by Folk Arts Rare Records — guaranteeing a custom audio experience. While you can find cocktails inside, there’s also a selection of coffees + pastries from Heartwork Coffee in Mission Hills.
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Editor’s pick:Good morning, San Diego. Tuesdays tend to be my slowest days, so I’m always looking for a pick-me-up. Recently, I’ve been a big fan of Mostra Coffee. I go to the Bankers Hill location by Balboa Park, but there are two more — one in 4S Ranch + one in Carmel Mountain. My recommendation? The Choconana Cold Brew. It’s perfectly sweet, but fills my need for caffeine.
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