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!
2012-11-15 Foreclosure Cancellations Rose in CA
Mercury News and their recent article "Bay Area sees big increase in cancellation of foreclosure auctions" reports that foreclosure cancellations rose with 60 percent in the state of California during the time frame of September to October 2012. This is the biggest jump since ForeclosureRadar started tracking cancellations back in 2006.
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2012-11-14 FHA Give Home Owners In Default Another Chance To Purchase A Home
The Los Angeles Times and the article "FHA gives those who defaulted on homes another chance" informs that FHA are trying to help real estate buyers who has filed for bankrupcy on foreclosure a second chance of buying a home. Click the following link for more information.
2012-11-13 Single Family New Median Home Prices Are Increasing
The San Diego Business Journal and their recent article "Median Home Price Rises to $400,000" informs that single family homes increased the median price for the month of October 2012. This is an increase with 13 percent if compared to last years number.
2012-11-12 Appraisals Can Complicate The Process of Buying or Selling a Home
According to the Los Angeles Times and their recent article "Appraisal can complicate selling, refinancing a home" reports that the process of buying or selling a home has become more complex due to the appraisal process.
2012-11-11 Delinquency Rate Rose in September
DSnews and the recent article "Foreclosure Starts Reach 2007 Levels, LPS Explains Rise in Delinquencies" reports that the U.S. delinquency rate rose with 7.7 percent in the month of September if you compare to the month before.
2012-11-10 Foreclosed Home Prices Not As Low As Last Year
The Los Angeles Times and the article "Deals on foreclosed homes dwindling" reports that home prices for foreclosed homes are not as low as last year as the number for September shows 7.7 percent, compared to last years number of 9.1 percent.
2012-11-09 Mortgage Rates Are Rising
The Los Angeles Times and the article "Average mortgage rate on 30-year loan rises" reports that a rise from 3.39 percent to 3.40 percent took place this week. About 5 weeks ago the rate stood at 3.36 percent and this was the lowest since 1971.
2012-11-08 Home Prices Up 5% Since 2011
Bloomberg and the article "Home prices rise in 81 percent of U.S. cities as markets recover" reports that home prices has gone up with 5 percent since September 2011.
This is the highest increase since 2006.
2012-11-06 North Embarcadero Visionary Plan Update
The Port of San Diego and the article "NEVP Phase I Construction Update for November 2, 2012" reports that the North Embarcadero Visionary Plan that is taking place along the waterfront in Downtown San Diego is progressing. They are still working on the North side of the project. For more information click the link below.
2012-11-04 Multiple Offers More Common Now on Homes for Sale in California
Mortgage News Daily and the article "Is a sellers' market emerging in California?" reports that it seems like a sellers market is in place as 6 out of 10 homes for sale is receiving multiple offers. Click the link below to access the article for more information.
2012-11-01 Mortgage Rates Are Keeping Itself Steady at Record Low
Realtor Magazine and the article "Mortgage rates remain near record lows" inform that an average of 3.39 percent for the 30-year fixed mortgage rate was seen this week. This is lower than last week when the rate stood at 3.41 percent.
2012-10-30 Comic-Con to stay in Downtown San Diego Until 2016
The San Diego Union Tribune and the article "Comic-Con to stay in San Diego through 2016" reports that organizers of the event has decided to agree to a 1 year extension leaving Downtown San Diego with an additional year as host.
2012-10-29 Bank Owned Homes For Sale Has Been Declining
DSnews and the article "Agents suggest banks may be holding onto REOs" reports that bank owned homes for sale has been declining and that this may be one of the reasons for the increase in home prices.
2012-10-26 The Federal Reserve is Moving Forward with Stimulus Campaign
Realtor Magazine and the article "Fed Renews Vow to Keep Rates Low" informs that the Federal Reserve is keeping its promise to move forward with the stimulus campaign that includes keeping mortgage rates low until the real estate economy shows more stability.
2012-10-25 Pending Homes Up in September
Realtor Magazine and the article "Pending Home Sales Improve in September" reports that homes for sale changed status into pending with 0.3 percent from the month before. Compared to a year ago, pending homes increased with 14.5 percent in September 2012.
2012-10-24 Short Sales Still a Complex Process
The OC Register and the article "Short sale process still too tough" reports that accroding to a recent survey the short sale process is still very complex and hard to go through even after the banks willingnes to get the process simplified.
2012-10-23 Refinancing Has Increased in 2012
The Sacramento Bee and the article "Restructured HARP helping more underwater homeowners to refinance" reports that in July about 75,000 home owner in California refinanced under HARP. This is about 25,000 more owners that refinanced under the program during all of 2011.
2012-10-21 Home Sales Fell in September
The Los Angeles Times and the article "Existing homes sales fell 1.7 percent in September" reports that last months sales numbers fell from the previous month. They also talk about that the trends in the real estate market remains good.
2012-10-18 Foreclosures are Falling
Realtor Magazine and the article "Falling Foreclosures Pushing Up Home Prices" reported that the slowdown of foreclosure sales is one of the reasons behind the rise in home prices.
2012-10-14 Inventory of Low-priced Homes Declined in CA
The Los Angeles Times and the article "Number of low-price homes plummets in state" reports that the inventory of homes that sold for less than $313,200 has declined in California.