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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!
2011-02-21 Downtown San Diego law school now has student housing
The Thomas Jefferson School of Law, which finished its move to downtown San Diego in January, is now offering its students housing one block from campus. A Seattle based firm leased the 172-unit building to school officials.
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2011-02-20 Mortgages in foreclosure process hit record
About 4.63 percent of loans were in foreclosure in the fourth quarter, up from 4.39 percent in the previous three months, the Mortgage Bankers Association said in a report Thursday. The combined share of foreclosures and loans with overdue payments was 14 percent, or about one in every seven mortgages.
2011-02-18 Freddie Mac: U.S. mortgage rates down this week
Rates for both long-term and short-term home loans dropped from last week, according to a weekly survey by Freddie Mac.
2011-02-16 Search your ZIP: San Diego housing data
The San Diego Union Tribune have the January 2011 figures, which are searchable by ZIP code, region and neighborhood name.
2011-02-15 Homes sales, prices fall throughout SoCal in January
Other factors that may have caused the drops in median price and sales included larger shares of distressed homes, reluctant consumers and more low end homes.
2011-02-14 $2B of aid open to struggling homeowners in California
The money, administered through the California Housing Finance Agency, comes from the U.S. Treasury Department’s Hardest Hit Fund, which helps states most devastated by the nationwide housing crisis.
2011-02-13 Mortgage rates break 5 percent
Rates for a 30 year, fixed rate mortgage averaged 5.05 percent during the week ending Feb. 11, according to Freddie Mac’s Primary Mortgage Market Survey.
2011-02-12 Average 30-year mortgage rate rises past 5 percent
Freddie Mac officials on Thursday said the average rate jump in 30-year fixed mortgage rates is due to an increases in long-term bond yields that “placed upward pressure on mortgage rates this week.”
2011-02-11 Home affordability in San Diego County at record high
More than 60 percent of first time homebuyers in San Diego County were able to afford entry-level homes last quarter, according to an index released by the California Association of Realtors. That’s three times more than the level seen in 2006, when affordability fell to its lowest point.
2011-02-10 30 percent of mortgages are underwater
Home prices dropped 2.6 percent nationwide during the last three months of 2010, pushing more borrowers underwater, according to a quarterly real estate market survey from Zillow.com. Now, 27 percent of homeowners with mortgages owe more than their homes are worth. That’s up from 23.2 percent a quarter earlier.
2011-02-09 Cash buyers lift housing
Buyers in markets around the U.S. are snapping up homes in all cash deals, betting that prices are at or near bottom and breathing life into some of the nation’s most battered housing markets.
2011-02-08 San Diego rental association cuts ties with Calif. group
The San Diego Apartment Association has instead contracted with the National Apartment Association and hired two well-known housing lobbyists to represent the group in the California Legislature. The local apartment association also is beefing up its legislative presence by forming an alliance with several other rental associations in Southern California.
2011-02-07 Housing finance changes likely to mean less government backing for some buyers
The Obama administration is likely to recommend reducing the size of mortgages eligible for government backing, according to current and former officials, a move that could make getting a home loan in high-priced areas.
2011-02-06 The Union Tribune’s weekly look back, look ahead
Here are real estate highlights from the past week and some things to expect this week locally, regionally and nationwide.
2011-02-05 $6.5M Countrywide settlement could help homebuyers
The California Attorney General’s Office has established a statewide foreclosure-relief fund with settlement money from former Countrywide executives.
2011-02-04 Search your ZIP code: San Diego housing data, ’09-’10
San Diegans, see how median prices and sales changed from 2009 to 2010. The data is broken down by neighborhood, ZIP code and home type.
2011-02-03 Rep. Issa: San Diegans need jobs, not foreclosure-relief program
Rep. Darrell Issa, of Vista, and two other leading representatives want to eliminate the Obama administration’s foreclosure-prevention program, calling it a “failed government program.” Issa fields questions from the Union Tribune on the proposal.
2011-02-02 San Diego in top 5 home markets in 2011
San Diego is among three California cities that Forbes Magazine expects will see the most increases in home values in 2011.
2011-01-31 The Union-Tribun’s weekly look back, look ahead
Here are real estate highlights from the past week and some things to expect this week locally, regionally and nationwide.
2011-01-30 Map: How San Diego housing fared in 2010
The Union Tribune looks at 2010’s home price and home sales figures for San Diego County. They break out a few key areas by ZIP code.