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!
2011-01-29 San Diego’s 2010 foreclosure drop among highest in the U.S.
RealtyTrac says the San Diego region in 2010 saw the third largest drop in foreclosures, behind Washington D.C. and the Riverside region, in Southern California.
Read the Article
2011-01-28 San Diego home prices hold steady in S&P index
San Diego was the only major metro area in the U.S. to post a monthly gain in the S&P/Case Shiller Home Price Index, a leading measure of U.S. home prices released on Tuesday.
2011-01-27 West leads December jump in new home sales
The West showed the biggest increase in such sales last month, says a monthly report from the U.S. Census Bureau and the Department of Housing and Urban Development.
2011-01-26 Foreclosures in San Diego County fall to lowest level since ’07
Foreclosures and defaults fell in San Diego county and across the state. But experts wonder if it’s due to less financial distress or shifts in lending policies.
2011-01-25 As foreclosures rise, so do lawsuits
Despite federal loan modification programs and a wave of government investigations and homeowner lawsuits, banks foreclosed on a record number of homes last year and seem poised to seize even more this year. But in places like San Diego County, which was one of the first areas to experience the real estate collapse, the foreclosure rate appears to be slowing.
2011-01-24 To rent or to buy in San Diego? Trulia weighs in.
Trulia on Monday reported that it’s cheaper to buy than to rent in nearly three-quarters of the 50 largest cities in the country, with Miami, Las Vegas and Arlington, Texas, leading the list. New York, Seattle and Kansas City, Mo., topped the list of cities where renting makes more sense.
Where did San Diego land? A little past the middle, at No. 32.
2011-01-22 Freddie Mac: Mortgage rates mixed this week
The average 30-year fixed rate rose to 4.74 percent from 4.71 last week, while the 15-year fixed rate slipped to 4.05 percent from 4.08 percent last week.
2011-01-20 U.S. housing starts slowed sharply in December
Groundbreaking on new homes fell more than expected in December to its lowest in over a year, suggesting the battered housing sector remained a roadblock to a recovery.
Housing starts in the United States dropped to an annual rate of 529,000 units, the Commerce Department said on Wednesday, down from November’s 553,000 and well below forecasts of about 550,000 in a Reuters poll. At current levels, starts account for less than a quarter of their boom-time peaks.
2011-01-19 SoCal home prices still outpacing San Diego’s in December
Home prices in Southern California increased slightly while home sales rose more than normal in December from November, DataQuick Information Systems reported on Tuesday.
2011-01-18 San Diego County home sales up, but prices fall (UPDATE)
San Diego County’s housing prices ended 2010 about where they began a year ago after peaking in the spring, DataQuick Information Systems reported Monday.
2011-01-17 Port Kicks Off its Green Business Challenge with an Educational Breakfast Event
The Port of San Diego is kicking off a campaign to encourage its waterfront tenants to go green.
The Port of San Diego’s Green Business Challenge will be officially launched at a breakfast on Thursday, January 20, 2011 at the Sheraton San Diego Hotel and Marina on Harbor Island. The breakfast will be from 7:30 to 9:30 a.m. in the Fairbanks Ballroom in the hotel’s Bay Tower, located at 1380 Harbor Island Drive, San Diego (map).
2011-01-16 Robo-signing impact varies in West
Foreclosure activity in December varied in five Western states tracked by ForeclosureRadar – perhaps because loan servicers are faced with different laws in each state as they work to put robo-signing issues behind them, the company said. ForeclosureRadar, which tracks homes through each stage of the foreclosure process, said foreclosure starts declined during December in Arizona, California and Washington, were flat in Nevada, and increased in Oregon.
2011-01-15 California leads as nation sets foreclosure record
California led the nation with 546,669 foreclosure properties as a record 2.9 million U.S. properties received foreclosure filings in 2010, according to a report released by RealtyTrac. The record-breaking figure comes despite a slowdown in the fourth quarter fueled by the suspension of foreclosure proceedings by several major lenders.
2011-01-14 Short-sales market has legs
The short-sale market is not dying down anytime soon, and if real estate professionals hope to delve into that niche, they should educate themselves thoroughly. That was the message from two short-sale specialists who spoke at Real Estate Connect Thursday.
2011-01-13 Foreclosures fell 26% in Dec., but 2010 filings set a record
The pace of foreclosures has slowed since revelations that thousands of foreclosure documents may have been improperly prepared, but for all 2010, almost 2.9 million U.S. properties received foreclosure filings, a record high, and up 2% from 2009.
2011-01-12 Jumbo mortgages: Price difference shrinking
If you’re considering taking out a jumbo mortgage, now may be a good time to get the loan. According to data released last week from LendingTree, the difference in price between a conforming 30-year fixed mortgage and a jumbo mortgage for a higher amount was recently at around 60 basis points. (A basis point is one one-hundreth of a percentage point.)
2011-01-11 Americas most overvalued – and undervalued – cities
Can a housing market simultaneously be the most undervalued in the nation and one of the worst housing buys? Nationally, the great majority of housing markets are now fairly valued, according to Local Market Monitor. Eight markets are overpriced, and 15 are underpriced. That contrasts with the boom years: In mid-2006, 37 of the biggest markets were overpriced, six under and 57 fairly valued.
2011-01-10 Freddie Mac: Mortgage rates fall this week
Real estate experts in San Diego said they aren’t concerned about this week’s decrease, saying it’s just part of the market flow.
2011-01-09 Union Tribune week in review
The Union Tribune looks at top stories in real estate over the week.
2011-01-06 Homebuyer tax credit: How to claim it
The first-time homebuyer tax credit encouraged many buyers to take the leap in 2010. Though the deadline to close on a qualifying home purchase was Sept. 30, 2010, those buyers who did qualify now have to figure out how to collect.