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The proposal targets companies like RealPage, which uses private data on rental housing and artificial intelligence to help landlords set the highest rents possible.
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City leaders revealed plans to expand existing options and introduce a homelessness diversion effort to free up spaces.
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Data shows the median value of a home in Mid-City was nearly $150,000 in 2000. By 2022, that value skyrocketed to nearly $723,000.
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The program is meant to safely transition people back to living in communities after prison time and inpatient treatment.
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The inventory of homes on the market continues on a positive trend, and we're still bullish on the prospects of lower interest rates," San Diego Association of Realtors President Spencer Lugash said.
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A settlement has been approved in a class action lawsuit that challenged San Diego's ordinances prohibiting people from living in vehicles and staying in parked vehicles overnight, which homeless advocates said unduly punished unhoused individuals who rely on their vehicles for shelter.
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Some homeowners are now going for an out-of-state solution. But that coverage may come with a risk.
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Future developments on some shelters and scheduled closures of several temporary shelters means that the city's current shelter bed count could drop in coming months.
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This week the Federal Reserve cut interest rates for the first time in four years, making it easier to borrow money.
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California cities will soon face more state scrutiny and new penalties for pushing back on housing and homeless shelter construction. Gov. Gavin Newsom signed the new laws Thursday.
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