Rising Water Rates and How to Fight Back
San Diego residents are about to feel the sting of higher water bills, with rates set to increase in just two days. In Carlsbad, rates are climbing by nearly 20%, signaling a significant cost shift for both homeowners and renters. Ken Kaplan stressed the importance of preparing now, recommending that property owners upgrade to low-flow toilets, water-efficient showerheads, and appliances. He encouraged residents to visit their community water district’s website to look for rebates on these products. He also shared a simple method for leak detection: turn off all water inside the home and check the street water meter. If it’s still moving, you may have a hidden leak. Proactive water conservation tactics like rain barrels, downspout redirection, and rebate claims can lead to meaningful savings. Kaplan also reminded viewers that if a water bill seems unusually high, consumers have the right to request a usage audit from their provider—a little-known but powerful tool to protect your budget.

Interest Rate Movements and Market Trends
Kaplan reported slight increases across common loan types. As of this week, a 15-year fixed mortgage stands at 6.25%, a 30-year fixed is at 6.875%, and both FHA and VA 30-year options hover around 6.275% to 6.875%, reflecting an eighth-of-a-point rise over previous rates. At the same time, inventory has opened up significantly. San Diego’s active listings have jumped from roughly 4,300 a few weeks ago to about 5,800, giving buyers more choices. Kaplan forecasted that mortgage applications will begin to increase as families wrap up the school year and enter peak home-shopping season. The shift in inventory signals opportunity for buyers who may have been frustrated by limited options earlier in the year.

The Deal: Affordable Comfort in Mira Mesa

Square Feet: ~700
Bedrooms/Bathrooms: 1 Bed / 1 Bath
This one-bedroom, one-bath condo in Mira Mesa offers excellent value in a rising market. With nearly 700 square feet, the home features fresh paint, new carpeting, vaulted ceilings, and a spacious balcony ideal for enjoying San Diego’s year-round sun. The complex includes a community pool, spa, and recreation room, giving homeowners access to resort-style amenities without the price tag. Located near major freeways and retail centers, the property is well-positioned for commuters or first-time buyers looking to enter the San Diego market.

List Price: $399,000

The Dream: A Designer Home with Resort Living in Mira Mesa

Square Feet: ~2,100
Bedrooms/Bathrooms: 3 Bed / 4 Bath
Built in 2022, this former model home in a newer Mira Mesa development offers the kind of luxury rarely seen in this price range. Spanning three levels, the property includes a full bedroom and bathroom on the first floor, perfect for multigenerational living or remote work setups. The second floor features open-plan living and dining areas, high-end finishes, and a spacious kitchen with quartz counters and stainless appliances. The third floor holds two additional bedroom suites, including a luxurious primary retreat. Owned solar with net metering keeps utility costs down, and the home includes one of the largest private yards in the community. Located near the 15 freeway and surrounded by new amenities, this home combines convenience with elegance—making it a standout listing in San Diego.

List Price: $1,325,500

Final Thoughts
Whether you’re focused on managing household costs or scouting your next move in the housing market, this week’s updates delivered something for everyone. From rising water rates and the need for conservation to a growing inventory and elevated interest rates, 2025’s real estate climate demands a balance of smart planning and opportunity spotting. And in neighborhoods like Mira Mesa, where options range from affordable condos to high-end dream homes, there’s no shortage of possibilities.

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