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!
2012-12-14 Mortgage Rates Almost Back to Record Low
The Los Angeles Times and the article "Mortgage rates dip slightly, back to near record, Freddie Mac says" reports that the 30-year fixed mortgage rate went down to 3.32 percent this week getting closer to the record low number. The 3.32 percent is down from lasts weeks number of 3.34 percent.
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2012-12-14 Mortgage Rates Almost Back to Record Low
The Los Angeles Times and the article "Mortgage rates dip slightly, back to near record, Freddie Mac says" reports that the 30-year fixed mortgage rate went down to 3.32 percent this week getting closer to the record low number. The 3.32 percent is down from lasts weeks number of 3.34 percent.
2012-12-13 San Diego Median Home Prices Are Going Up
The San Diego Business Journal and the recent article "Cash Buyers Snap Up a Third of Homes in November" reports that the San Diego median home prices went up with 14 percent compared to the month before.
2012-12-13 San Diego Median Home Prices Are Going Up
The San Diego Business Journal and the recent article "Cash Buyers Snap Up a Third of Homes in November" reports that the San Diego median home prices went up with 14 percent compared to the month before.
2012-12-12 HUD Is Trying to Help Distressed Borrowers
To be able to help some distressed borrowers from potentially saving their homes, the U.S. Department of Housing and Urban Development has started to sell thousands of delinquent mortgages that are insured by the Federal Housing Administration. There is a major concern that is raising questions about fairness as this leaves thousands of distressed FHA borrowers without any help. Read the InmanNews article HUD stepping up sales of seriously delinquent FHA loans for more information.
2012-12-12 HUD Is Trying to Help Distressed Borrowers
To be able to help some distressed borrowers from potentially saving their homes, the U.S. Department of Housing and Urban Development has started to sell thousands of delinquent mortgages that are insured by the Federal Housing Administration. There is a major concern that is raising questions about fairness as this leaves thousands of distressed FHA borrowers without any help. Read the InmanNews article HUD stepping up sales of seriously delinquent FHA loans for more information.
2012-12-11 Downtown San Diego Quiet Zone Now In Effect
The very longed for Downtown San Diego Quiet Zone is finally in effect as of November 24th, 2012. The train horn used to be of concern to Downtown San Diego Condo home owners living close to the tracks but they are now pleased with the outcome of no train horns. You will still hear the trolley, train and crossing noise but this is nothing compared to the train horns. For more information click the link below to visit the Quiet Zone website.
2012-12-11 Downtown San Diego Quiet Zone Now In Effect
The very longed for Downtown San Diego Quiet Zone is finally in effect as of November 24th, 2012. The train horn used to be of concern to Downtown San Diego Condo home owners living close to the tracks but they are now pleased with the outcome of no train horns. You will still hear the trolley, train and crossing noise but this is nothing compared to the train horns. For more information click the link below to visit the Quiet Zone website.
2012-12-10 No More Foreclosures Until After The Holidays
Realtor Magazine and the article "More Banks Halt Foreclosures for the Holidays" reports that most bank will stop the foreclosure until after the holidays. The reason is to try to help families who are experienceing hardship some stability during the holiday.
2012-12-10 No More Foreclosures Until After The Holidays
Realtor Magazine and the article "More Banks Halt Foreclosures for the Holidays" reports that most bank will stop the foreclosure until after the holidays. The reason is to try to help families who are experienceing hardship some stability during the holiday.
2012-12-08 HARP is Starting to Decrease Among Big Lenders
Housingwire and the article "HARP refinancing narrows among big lenders" reports that the availability of mortgages that qualify for HARP (Home Affordable Refinance Program) are starting to decrease among the lenders such as JPMorgan Chase, Bank of America, Citigroup and Wells Fargo.
2012-12-08 HARP is Starting to Decrease Among Big Lenders
Housingwire and the article "HARP refinancing narrows among big lenders" reports that the availability of mortgages that qualify for HARP (Home Affordable Refinance Program) are starting to decrease among the lenders such as JPMorgan Chase, Bank of America, Citigroup and Wells Fargo.
2012-12-07 Short Sales Increased with 15% in Third Quarter of 2012
Foreclosures have been something that many home owners have been choosing over short sales. The third quarter of 2012 is now showing a reverse trend where pre foreclosures have been outnumbering the sales of bank owned homes. The third quarter shows that 22 percent of all sales go to pre foreclosures. 41 percent goes to all distressed sales. Compared to last quarter, short sales have increased with 15 percent for the third quarter of 2012. Read Realtor Magazine and their recent article Short Sales Make Up Bigger Share of Market for more information by clicking the link below.
2012-12-07 Short Sales Increased with 15% in Third Quarter of 2012
Foreclosures have been something that many home owners have been choosing over short sales. The third quarter of 2012 is now showing a reverse trend where pre foreclosures have been outnumbering the sales of bank owned homes. The third quarter shows that 22 percent of all sales go to pre foreclosures. 41 percent goes to all distressed sales. Compared to last quarter, short sales have increased with 15 percent for the third quarter of 2012. Read Realtor Magazine and their recent article Short Sales Make Up Bigger Share of Market for more information by clicking the link below.
2012-12-06 Tax Break for Short Sales Expires at The End of the Year
Realtor Magazine and their recent article "Short Sales Surge Before Potential Tax Hike" reports that many real estate professionals are doing everything in their power to close their short sale deals as the new year will expire the tax break that would have borrowers pay for any uppaid mortgage debt.
2012-12-06 Tax Break for Short Sales Expires at The End of the Year
Realtor Magazine and their recent article "Short Sales Surge Before Potential Tax Hike" reports that many real estate professionals are doing everything in their power to close their short sale deals as the new year will expire the tax break that would have borrowers pay for any uppaid mortgage debt.
2012-12-05 The Housing Market Might Recover Very Slow
Many Downtown San Diego real estate professionals as well as current and future home owners are according to Realtor Magazine and the article Is the Housing Recovery at Risk? concerned that that housing market will have a slow recovery. According to the analytics firm Fiserv and their recent study, about two-thirds of the U.S. housing market will see home prices go down until June 2013. Read the article for more information by clicking the link below.
2012-12-05 The Housing Market Might Recover Very Slow
Many Downtown San Diego real estate professionals as well as current and future home owners are according to Realtor Magazine and the article Is the Housing Recovery at Risk? concerned that that housing market will have a slow recovery. According to the analytics firm Fiserv and their recent study, about two-thirds of the U.S. housing market will see home prices go down until June 2013. Read the article for more information by clicking the link below.
2012-12-04 Foreclosure Sales Are Still Going Down
The Los Angeles Times and their recent article "Foreclosures down in October as housing market continues healing" reports that October numbers show that about 1.3 million homes around the country that were in any stage of the foreclosure process went down from 1.4 milion homes in September.
2012-12-04 Foreclosure Sales Are Still Going Down
The Los Angeles Times and their recent article "Foreclosures down in October as housing market continues healing" reports that October numbers show that about 1.3 million homes around the country that were in any stage of the foreclosure process went down from 1.4 milion homes in September.