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Origins and Development In the early 20th century, the area now known as Santee was primarily agricultural land. The construction of the El Capitan Dam in the 1940s led to the drying up of the local aquifer, which had previously supplied water to the farmers. This event marked a turning point for Santee, as… Read more
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Recent Fed Rate Cut The Fed reduced its benchmark interest rate by 25 basis points to a level between 4.00% to 4.25% What the Fed interest rate cut means for mortgages – CBS News, marking the first reduction since December 2024. This brings the rate to its lowest level since 2022. Mortgage Rate Response Interestingly,… Read more
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The 30-year fixed mortgage rate averaged 6.35% for the week ending September 11, down from 6.50% last week, according to data released Thursday by Freddie Mac. That’s the sharpest weekly drop in rates so far this year. Mortgage rates are finally sinking — and fast | CNN Business This represents the biggest one-week drop… Read more
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Willow Creek Estate is a spectacular luxury property in Rancho Santa Fe that’s currently making headlines as one of the most expensive residential listings in San Diego County history. Here are the key details: Property Overview Willow Creek Estate is a 77-acre Rancho Santa Fe Covenant ranch property that’s currently listed for $84 million Willow… Read more
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History of The U.S. Grant Hotel The U.S. Grant Hotel in San Diego has a rich and fascinating history spanning over a century. Here’s the comprehensive story of this iconic establishment: Origins and Construction (1900s-1910) The U.S. Grant Hotel was built by Ulysses S. Grant Jr., the son of the 18th U.S. President Ulysses S.… Read more
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Current Market Conditions The San Diego housing market is facing challenging conditions with sales near historic lows – June 2025 was the second-lowest sales month in data going back 20 years Market Activity for the Greater San Diego Association of …. Sales volume is down about 7-8% compared to a year prior, with roughly 1,684… Read more
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Fed Chair Jerome Powell recently stated that conditions “may warrant” interest rate cuts, but emphasized that the Fed will proceed cautiously. Powell indicates conditions ‘may warrant’ interest rate cuts as Fed proceeds ‘carefully’ This is a cautious indication, not a definite commitment. Strong Rally Today: Powell’s speech sparked the strongest cross-asset rally since April, with… Read more
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The USS Midway (CV-41) was a legendary aircraft carrier that served the U.S. Navy for nearly five decades, from 1945 to 1992. She was the lead ship of the Midway-class carriers and one of the longest-serving aircraft carriers in naval history. USS Midway Website Construction and Early Years (1940s-1950s) The Midway was laid down in… Read more
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The Star of India has a fascinating history spanning over 160 years, with a special connection to San Diego that began in the 20th century. Origins and Early Career The ship was built in 1863 in Ramsey, Isle of Man, as the full-rigged ship Euterpe. Star of India (ship) – Wikipedia Originally named after the… Read more
