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!
2011-06-08 Last steel beam at airport addition gets applause
The last steel beam in the frame of the $1 billion “Green Build” addition to San Diego International Airport was lifted into place this morning, lifted easily into the sky by a 250-foot crane as if it were from a child’s Erector set.
Read the Article
2011-06-07 First action due on Balboa Park changes
Plaza de Panama Committee seeks agreement with city clearing out cars, building bypass.
2011-06-06 Will boomers and 20-somethings carry housing recovery?
Harvard researchers say the housing market is still mired by foreclosures and hurdles keeping people from owning. But two key demographics may influence a recovery.
2011-06-05 Downtown San Diego poised for housing revival
Rising demand and more capital are fueling revival of downtown San Diego’s housing market.
2011-06-04 Final details decided on Embarcadero design in Downtown San Diego
The selection Thursday of a “noninvasive” palm type to grace the downtown waterfront completed the final design detail before construction can proceed on the $29.6 million first-phase makeover of San Diego’s proverbial “front door.”
2011-06-03 Mortgage rates keep dropping, Freddie Mac says
See the economic factors involved in this week’s decrease in average rates.
2011-06-01 Rebar, concrete and not a book in sight at new central library site
New central library – 290 days after ground breaking in the East Village/Ballpark District in Downtown San Diego.
2011-05-31 Home prices keep falling in San Diego
Experts point to the lack of a homebuyers’ tax credit this year and tight lending rules that are keeping consumers out of the market.
2011-05-28 What’s in and out in San Diego home remodeling
For those who have the financing, homeowners are exploring smaller and cheaper improvements, adding “green” upgrades and changing interiors to “age” in place.
2011-05-26 County gives final approval to waterfront park
The County Administration Center parking lots in the Columbia District in Downtown San Diego will be turned into 8 acres of parkland, including this shallow wading pool. Completion is projected for the summer of 2013.
2011-05-25 New home sales up for 2nd straight month
The Census Bureau reported an annual sales rate of 323,000 new homes last month. That was up 7.3 percent from a revised rate of 301,000 in March.
2011-05-24 Sinking values prompting homeowners to consider strategic default
Slight drop in strategic defaults unlikely to last as more people do the math, see they can’t recover and make a business decision to walk away from their mortgage, even if it ruins their credit.
2011-05-22 Home loans should make sense to consumers
In place of the weekly Five on Friday housing Q&A, this week the San Diego Union Tribune have a submission from a banking executive weighing in on a mortgage-disclosure form that many find confusing and is often ignored.
2011-05-20 Federal Reserve: Housing, rising gas prices slowing down recovery
The economy will likely improve at a slow, limited pace, according to the Federal Reserve committee in its last meeting.
2011-05-19 Mortgage delinquencies level off
In a report Thursday, the Mortgage Bankers Association said 8.32 percent of homeowners with mortgages had missed at least one payment, up from 8.25 percent in the fourth quarter of 2010. Michael Fratantoni, an economist at the Mortgage Bankers Assn., described the change as more of a “leveling off” than a significant statistical change.
2011-05-18 Foreclosures and defaults continue to fall
Where’s that supposed second wave of distressed properties that experts referenced at the start of the year? A couple experts weigh in.
2011-05-16 Home sellers are financing buyers with poor credit
Financing provided by home sellers, popular in the 1980s when mortgage rates reached 18 percent, is making a comeback in markets such as Michigan that have been hit hard by foreclosures and where tightening lending standards and years of economic distress have drained the pool of creditworthy buyers. For a small but growing number of people, it’s the only way to get a deal done.
2011-05-15 Quote of the day: Fannie Mae incentives
By encouraging homebuyers who will make these properties their long-term home, these expanded incentives will help to stabilize communities.
2011-05-15 Do San Diegans still believe in home ownership?
The dream of homeownership is still alive in today’s tough economy…says San Diego & Downtown San Diego residents.
2011-05-14 The ins and outs of short sales
Every week the San Diego Union Tribune reporter Lily Leung features someone related to residential real estate in San Diego, California and beyond. Five questions, five answers. This week they have an agent discussing the basics of short sales.