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!
2012-04-19 Home Prices for Resales has Gone Up
The National Association of Realtors is in their article Report signals start of broad-based housing recover reporting that the median home prices for resales went up 5.6 percent compared to a year before where the median price was $189,900. Some say that these numbers indicate a beginning to the housing recovery. Click the link below to access the article for more information.
Read the Article
2012-04-19 Home Prices for Resales has Gone Up
The National Association of Realtors is in their article Report signals start of broad-based housing recover reporting that the median home prices for resales went up 5.6 percent compared to a year before where the median price was $189,900. Some say that these numbers indicate a beginning to the housing recovery. Click the link below to access the article for more information.
2012-04-17 Mortgage Rates Dropping
The 30-year fixed mortgage rate is almost reaching the record low number that we seen in February (3.87%). It fell from 3.98% to 3.88% the last week. For more information click on the link below to read the CNNMoneys article Mortgage rates tumble back into record territory.
2012-04-17 Mortgage Rates Dropping
The 30-year fixed mortgage rate is almost reaching the record low number that we seen in February (3.87%). It fell from 3.98% to 3.88% the last week. For more information click on the link below to read the CNNMoneys article Mortgage rates tumble back into record territory.
2012-04-16 Tough to Qualify for a Mortgage
It seems like it has become harder to qualify for a mortgage this year compared to 2010. Having the high standard criteria such as a credit score, debt-to-income ratio, equity or down payment is definitely a must nowadays. Read LA Times article Qualifying for a mortgage has gotten much tougher, analysis shows for more information by clicking the link below.
2012-04-16 Tough to Qualify for a Mortgage
It seems like it has become harder to qualify for a mortgage this year compared to 2010. Having the high standard criteria such as a credit score, debt-to-income ratio, equity or down payment is definitely a must nowadays. Read LA Times article Qualifying for a mortgage has gotten much tougher, analysis shows for more information by clicking the link below.
2012-04-15 Mortgage Settlement Approved
The $26 billion mortgage settlement agreed to by the five largest mortgage lenders in the nation has been approved. Speeding up the foreclosure process by stict guidelines for banks to follow when repossessing homes is what the settlement is intented to help with. Read CNNMoney’s article “Flood of foreclosures to hit the housing market” for more information by clicking the link below.
2012-04-15 Mortgage Settlement Approved
The $26 billion mortgage settlement agreed to by the five largest mortgage lenders in the nation has been approved. Speeding up the foreclosure process by stict guidelines for banks to follow when repossessing homes is what the settlement is intented to help with. Read CNNMoney’s article “Flood of foreclosures to hit the housing market” for more information by clicking the link below.
2012-04-13 Mortgage Rates are going down
The lowest rate for the 15-year mortgage was set on March 8 with 3.13 percent. It slight went up a little but went down to 3.21 percent this week. The 15 year mortgage rate is very popular for home owners trying to refinance and pay off their debt. Read the Los Angeles Times article Mortgage rate drop; 15-year fixed at record low by clicking the link below.
2012-04-13 Mortgage Rates are going down
The lowest rate for the 15-year mortgage was set on March 8 with 3.13 percent. It slight went up a little but went down to 3.21 percent this week. The 15 year mortgage rate is very popular for home owners trying to refinance and pay off their debt. Read the Los Angeles Times article Mortgage rate drop; 15-year fixed at record low by clicking the link below.
2012-04-11 Fannie and Freddie Principle Reduction
Taxpayers may save money if Fannie Mae and Freddie Mac agree on offering principal reductions. To read CNNMoneys article Fannie, Freddie regulator still resists principle reduction click the following link for more information.
2012-04-11 Fannie and Freddie Principle Reduction
Taxpayers may save money if Fannie Mae and Freddie Mac agree on offering principal reductions. To read CNNMoneys article Fannie, Freddie regulator still resists principle reduction click the following link for more information.
2012-04-06 The 30-Year Mortgage Rate Is Keeping Steady
Last weeks average 30-year mortgage rate showed 3.99 percent. This week not too much has happened with the numbers as it is averaged 3.98 percent. Read the Los Angeles Times article Freddie Mac: 30-year mortgage rate remains just under 4 percent by clicking the link below.
2012-04-06 The 30-Year Mortgage Rate Is Keeping Steady
Last weeks average 30-year mortgage rate showed 3.99 percent. This week not too much has happened with the numbers as it is averaged 3.98 percent. Read the Los Angeles Times article Freddie Mac: 30-year mortgage rate remains just under 4 percent by clicking the link below.
2012-04-05 Investors are Ready to Buy in Bulk
As the real estate market include distressed properties such as foreclosures as well as the home prices being low, large investors are taking the opportunity to buy in bulk and using them as investment homes occupied by tenants. For more information read the New York Times article Investors are looking to buy homes by the thousands by clicking the link below.
2012-04-05 Investors are Ready to Buy in Bulk
As the real estate market include distressed properties such as foreclosures as well as the home prices being low, large investors are taking the opportunity to buy in bulk and using them as investment homes occupied by tenants. For more information read the New York Times article Investors are looking to buy homes by the thousands by clicking the link below.
2012-04-03 Fewer Home Loans Completed by Mortgage Servicers in February
February indicated that mortgage servicers completed 20 percent fewer modifications compared to the month before. According to Hope Now alliance about 44,500 loans were completed compared to 55,700 in January. To read HousingWires article Private mortgage modifications drop 20 percent in February click on the link below.
2012-04-03 Fewer Home Loans Completed by Mortgage Servicers in February
February indicated that mortgage servicers completed 20 percent fewer modifications compared to the month before. According to Hope Now alliance about 44,500 loans were completed compared to 55,700 in January. To read HousingWires article Private mortgage modifications drop 20 percent in February click on the link below.
2012-04-02 Downtown San Diego Information Center Closed
The Downtown San Diego Information Center located in Horton Plaza in the Gaslamp District closed its doors Tuesday due to lack of funds as well as the dissolution of the Centre City Development Agency. Read the Union Tribune’s article “Redev’s end means closing of Downtown Information Center” by clicking the link below.
2012-04-02 Downtown San Diego Information Center Closed
The Downtown San Diego Information Center located in Horton Plaza in the Gaslamp District closed its doors Tuesday due to lack of funds as well as the dissolution of the Centre City Development Agency. Read the Union Tribune’s article “Redev’s end means closing of Downtown Information Center” by clicking the link below.