Market News
Condos, Lofts and Penthouses for Sale
Downtown San Diego Real Estate News
The following section of the website is devoted to news articles that have information or an impact on the Downtown San Diego Real Estate Market. I always tell clients to not “take my word for it”. I encourage clients to do their own research and form their own opinions. These are the same resources that I refer to, in order to collect my opinions and facts on the state of the Downtown Market and lifestyle. In this section, it is our opinion that the articles we include do not only present one side of the story. We include EVERY interesting article that we find not only the ones that shed a positive outlook on the state of the Downtown Market. For your organizational convenience, we have separated the articles into three sections: Downtown, San Diego County, and National Real Estate/Urban Living General. Many of these articles are used in our blogs and monthly newsletters to stimulate thought and debate.
Please feel free contacting us should you have any questions, comments, or opinions on any of the follow articles. We have done everything possible to make this an interactive site for Buyers and Sellers of Downtown Real Estate. To that commitment, please let me know if you have come across an article (published or personal) that you feel needs to be included on the website. If Downtown is, or is going to be your home, then let us share your information with the Downtown San Diego Urban Community!
2013-12-03 Homebuyers Are Getting Ready for Competition
The national Association of Realtors and their recent article "Agents Prepare Home Buyers to Compete" report that many buyers are getting ready for the bidding war. This is something we have not seen on the real estate market in years. For more information click the link below.
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2013-09-13 Foreclosures Down With 49% Compared to a Year Ago
The Orange County Register and the article "CA foreclosures drop by half" reports that number of foreclosure starts in CA were down dramatically with 49% in the month of August 2012 compared to August 2011.
2013-06-01 Coronado Bay Bridge Lighting Project is Moving Forward
The project that will include colorful LED lighting to the Coronado Bay Bridge is moving forward with The Port of San Diego and the San Diego Foundation working toghether to collects funds. Read the Port of San Diego’s article “Port Partners with San Diego Foundation on Bridge Lighting Funding Strategy” for more info by clicking the link below.
2013-01-13 Home prices Expected to Go Up in 2013
The article “Housing Recovery Pushes Ahead As Prices Rise” published by Realtor Magazine is reporting that home prices are to increase with 2.1 percent in the year of 2013.
2013-01-13 30-Year Mortgage Rates Are Going Up
The Los Angeles Times and their article “Freddie Mac: 30-year mortgage rate hits 3.4%, highest in 8 weeks” informs that mortgage rates are starting to go up. This weeks rate went up to 3.4 percent, the highest its been since the last two months.
2013-01-12 One Third of Home Owners Don’t Have a Mortgage
According to Realtor Magzine and their recent article “Nearly One-Third of Home Owners Are Mortgage-Free” informs that nearly 30 percent of home owner don’t have a mortgage. This number is pretty much the same as it was in the year of 2000. Click the following link to access the full article.
2013-01-09 2012 Shows New Record Year for Housing Prices
According to Realtor Magazine and their recent article “Housing Affordability Index to Set Annual Record” reports that the year of 2012 was a record year for home buyers who could get a mortgage.
2013-01-06 Home Prices Expected To Go Up in 2013
The project that will include colorful LED lighting to the Coronado Bay Bridge is moving forward with The Port of San Diego and the San Diego Foundation working toghether to collects funds. Read the Port of San Diego’s article “Port Partners with San Diego Foundation on Bridge Lighting Funding Strategy” for more info by clicking the link below.
2013-01-04 Tax Break Extended to End of 2013
The mortgage tax debt relief that was to expire at the end of 2012 has been extended through the end of 2013. Realtor Magazine and the article "Mortgage Debt Tax Relief Extended" informs that the tax break will allow home owners in short sale not having to pay taxes on debts still owed to the bank. Click the following link to access the full article and more info.
2013-01-03 Shadow Inventory Show Slight Decline
DSnews and the article "Shadow inventory shrinks in October" reports that about 2.3 million homes is still classified as shadow inventory. Compared to October 2011 the supply shows a decline of 12.3 percent to Ocotber 2012. Only 1 percent decline of shadow inventory shows if you compare September to October 2012.
2013-01-01 Homeowner Bill of Rights – New Protections Starting Jan 1st
The new year of 2013 is bringing home owners more protection as the governor signed a bill of rights where banks are to help home owners through the foreclosure process.
2012-12-29 It Might Get Harder to Get Approved For a Mortgage After the New Year
Realtor Magazine and their recent article "Getting a Mortgage Likely Wont Get Any Easier Soon" reports that it might get harder to get approved for a mortgage after the new year as credit standards, appraisals, income and bank statements reviews are still a very complex process and is not in the process of getting easier.
2012-12-28 Pending Homes Keeps Climbing Up
Realtor Magazine and their recent article "Pending Home Sales Rise Again" reports that homes currenlty in pending status rose with 1.7 percent from October to November. This is the highest its been the last two and a half years. Click the link below to access the full article and for more info.
2012-12-26 Five-Year Tax Break Might Not Get Extended
The Washington Post and their article "Struggling homeowners may lose critical tax break in fiscal cliff talks" informs that the five-year tax break that was created to help struggling home owners might not get extended and home owners will receive an extra tax bill. Click the link below to access the full article for more information.
2012-12-22 Fewer First Time Homebuyers Are Accessing the Real Estate Market
The New York Times and their article "Fewer first-time buyers" informs that a decline of first time home buyers have been revealed recently through two national surveys among real estate agents. Two reasons could be eager investors with cash and getting access to the real estate market due to blocked and tight credit. Click the link below to access the full article.
2012-12-21 Home Prices and Sales Up in November 2012
CNNMoney and their recent article "Home sales, prices jump in November" reports that a 5.9 percent increase in sales of existing homes occured this month. November shows a total of $5.04 million dollar in sales compared to $4.76 million in October. Click the following link to access the full article for more information.
2012-12-20 Home Owners Believe Their Homes are Worth More than Listing Price
Realtor Magazine and the article "Home Owners Overly Optimistic About Home's Value" reports that 75 percent of current home owners believe that their homes are worth more than what their Real Estate Professional suggest as the selling price. On the other hand, most home buyers think that home prices are too high.
2012-12-18 Homebuyers Ready to Buy Now Before Prices Goes Up
DSNews and the article "Survey: Rising prices motivate buyers to purchase now" reports that 71 percent of homebuyers think that home prices will rise in the next 12 months. This is up 10 percent from the month before. Click the link below to access the full article.
2012-12-16 Preventing Low Appraisals of Your Downtown San Diego Condo
The Washington Post and the article "What to do when an appraisal comes in below the selling price" informs that there are some steps you can take to prevent a low appraisal. First would be to acutally meet with the appraiser in person at the property instead of giving them a key or day code to a lockbox. This way you would be able to give them recent comps and more specific information about the home for sale. For more steps click the link below to read the full article.
2012-12-15 Home Prices Are Starting to Rise
Realtor Magazine and the article "Home Affordability Shifts as Market Heats Up" reports that the home markets six year trend is about to go the other way as home prices are starting to rise.