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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!
2012-05-22 New Downtown Charger Stadium Up for Discussion
The San Diego Union Tribune and the their article “Candidates tackle Chargers stadium funding” is informing us about what the four mayoral candidates, the four most likely to replace Mayor Jerry Sanders, think about the plans for the new Charger Stadium in the East Village neighborhood of Downtown San Diego. Mayor Sanders is planning to have a detailed financial plan ready for his replacement as he departs in December.
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2012-05-22 New Downtown Charger Stadium Up for Discussion
The San Diego Union Tribune and the their article “Candidates tackle Chargers stadium funding” is informing us about what the four mayoral candidates, the four most likely to replace Mayor Jerry Sanders, think about the plans for the new Charger Stadium in the East Village neighborhood of Downtown San Diego. Mayor Sanders is planning to have a detailed financial plan ready for his replacement as he departs in December.
2012-05-21 New Downtown Courthouse Set to Be Completed in 2016
The Union Tribune and their recent article “New state courthouse goes green and tall” are informing that the Downtown San Diego Courthouse is one of six courthouse projects that are still under construction. The other 5 has been put on hold due to state budget problems. With a set date to be completed in 2016 the new courthouse will be an energy building in the middle of the Gaslamp Quarter. Click the following link to read more about this project.
2012-05-21 New Downtown Courthouse Set to Be Completed in 2016
The Union Tribune and their recent article “New state courthouse goes green and tall” are informing that the Downtown San Diego Courthouse is one of six courthouse projects that are still under construction. The other 5 has been put on hold due to state budget problems. With a set date to be completed in 2016 the new courthouse will be an energy building in the middle of the Gaslamp Quarter. Click the following link to read more about this project.
2012-05-18 Foreclosures are Dropping
Realtor Magazine and their recent article “Foreclosures Plummet to 5-Year Lows” are informing that foreclosures have been dropping the last three months. The amount of foreclosures on the real estate market has not been this low since 2007. One reason for the low foreclosure sales is that banks are trying to sell these homes as short sales before they go into the foreclosure mode as foreclosure sales are more costly.
2012-05-18 Foreclosures are Dropping
Realtor Magazine and their recent article “Foreclosures Plummet to 5-Year Lows” are informing that foreclosures have been dropping the last three months. The amount of foreclosures on the real estate market has not been this low since 2007. One reason for the low foreclosure sales is that banks are trying to sell these homes as short sales before they go into the foreclosure mode as foreclosure sales are more costly.
2012-05-17 No New Construction On the Plans for Downtown San Diego
The Union Tribune and the article “Sluggish nonresidential construction bodes ill for economy” is reporting that construction of new buildings are not on the plans for the near future. The new courthouse in the Gaslamp District is one of the few buildings currently under construction and this one is almost complete. Click the following link for more information.
2012-05-17 No New Construction On the Plans for Downtown San Diego
The Union Tribune and the article “Sluggish nonresidential construction bodes ill for economy” is reporting that construction of new buildings are not on the plans for the near future. The new courthouse in the Gaslamp District is one of the few buildings currently under construction and this one is almost complete. Click the following link for more information.
2012-05-16 Bank of America is Offering Homeowners Relocation Assistance
The real estate market has recently seen banks encouraging home owners to proceed with short sales as the foreclosures process seem to be much more expensive. According to Realtor Magazine and their recent article BofA Offers Up to $30K to Owners for Short Sales, Bank of America has offered their home owners a relocation assistance that could be anywhere from $2,500 to $30,000 should they complete a short sale. One of the reasons that the banks are starting to push for short sales in front of foreclosures is that short sales usually sell for more that homes that are in foreclosure.
2012-05-16 Bank of America is Offering Homeowners Relocation Assistance
The real estate market has recently seen banks encouraging home owners to proceed with short sales as the foreclosures process seem to be much more expensive. According to Realtor Magazine and their recent article BofA Offers Up to $30K to Owners for Short Sales, Bank of America has offered their home owners a relocation assistance that could be anywhere from $2,500 to $30,000 should they complete a short sale. One of the reasons that the banks are starting to push for short sales in front of foreclosures is that short sales usually sell for more that homes that are in foreclosure.
2012-05-15 Strict New Tools Are Being Used By Mortgage Lenders
The Los Angeles Times and their recent article Lenders are using a variety of tools to prevent mortgage fraud are informing that new tools are being used by mortgage lenders where strict rules apply to get approved. Not too long ago, home buyer could easily get away with white lies regarding improved job descriptions, higher income and stating that they would use the home as a primary resident even though it was not true. Todaythe game has changed to being very strict and a challenge to get approved for a home loan.
2012-05-15 Strict New Tools Are Being Used By Mortgage Lenders
The Los Angeles Times and their recent article Lenders are using a variety of tools to prevent mortgage fraud are informing that new tools are being used by mortgage lenders where strict rules apply to get approved. Not too long ago, home buyer could easily get away with white lies regarding improved job descriptions, higher income and stating that they would use the home as a primary resident even though it was not true. Todaythe game has changed to being very strict and a challenge to get approved for a home loan.
2012-05-10 Home Affordability Refinance Program is Helping Homeowners Reduce Their Interest Rates
The Obama Administrations Home Affordable Refinance Program has made some changes and is here to help some homeowners who have made payments on their struggling mortgages by getting them lower interest rates on loans. The article Mortgage-aid revisions paying off for lenders and some borrowers posted in the Los Angeles Times are mentioning that the program has resulted in mixed feelings. Some homeowners who are getting the lower interest loans are approved even though they owe more than what their homes are worth and are getting stuck with higher rates as banks are refinancing only their own borrowers. Rates would definitely go down if banks would compete against each other.
2012-05-10 Home Affordability Refinance Program is Helping Homeowners Reduce Their Interest Rates
The Obama Administrations Home Affordable Refinance Program has made some changes and is here to help some homeowners who have made payments on their struggling mortgages by getting them lower interest rates on loans. The article Mortgage-aid revisions paying off for lenders and some borrowers posted in the Los Angeles Times are mentioning that the program has resulted in mixed feelings. Some homeowners who are getting the lower interest loans are approved even though they owe more than what their homes are worth and are getting stuck with higher rates as banks are refinancing only their own borrowers. Rates would definitely go down if banks would compete against each other.
2012-05-09 Fannie & Freddie Joins Keep Your Home California Program
According to The Los Angeles Times and the article Fannie, Freddie are set to reduce mortgage balances in California the mortgage giants Freddie Mac and Fannie Mae has signed up to join the Keep your Home California program. The program is a $2 billion program designed to prevent foreclosures. The program has recently changed a requirement where banks will match the tax payers funds at the time when the home owner receives reductions through the program. Some borrowers through Fannie and Freddie might notice that their mortgages declined through the principle reduction.
2012-05-09 Fannie & Freddie Joins Keep Your Home California Program
According to The Los Angeles Times and the article Fannie, Freddie are set to reduce mortgage balances in California the mortgage giants Freddie Mac and Fannie Mae has signed up to join the Keep your Home California program. The program is a $2 billion program designed to prevent foreclosures. The program has recently changed a requirement where banks will match the tax payers funds at the time when the home owner receives reductions through the program. Some borrowers through Fannie and Freddie might notice that their mortgages declined through the principle reduction.
2012-05-07 Rental Prices Are Projected to Hit Record Numbers
According to Realtor Mags article Survey Shows More Reason to Buy Than Rent, 33 percent of Americans expect home prices to go up in the next year. Fannie Maes survey also shows that more Americans think that rental prices will go up to a record number in the next year to 4.1 percent.
2012-05-07 Rental Prices Are Projected to Hit Record Numbers
According to Realtor Mags article Survey Shows More Reason to Buy Than Rent, 33 percent of Americans expect home prices to go up in the next year. Fannie Maes survey also shows that more Americans think that rental prices will go up to a record number in the next year to 4.1 percent.
2012-05-06 North Embarcadero Visionary Plan 1 – Update
The Port of San Diego is in their article “North Embarcadero Visionary Plan Phase I Construction Update: May 4, 2012” announcing that the project is going forward as planned. For the following three months, West Broadway will be closed to east going traffic as the median and southern half of the street is undergoing construction.
2012-05-06 North Embarcadero Visionary Plan 1 – Update
The Port of San Diego is in their article “North Embarcadero Visionary Plan Phase I Construction Update: May 4, 2012” announcing that the project is going forward as planned. For the following three months, West Broadway will be closed to east going traffic as the median and southern half of the street is undergoing construction.