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!
2012-12-02 Downtown San Diego Convention Center Expansion Is Moving Forward
The Downtown San Diego Convention Expansion has been on the plans for some time now and the City Council has approved a $54.4 million interim bond as financing for the project. This money will provide financing for site acquisition, utility relocation and construction drawings. But before the bonds can be issued, the California Coastal Commission will have to approve the project and have the court confirm legality. It might not be able to get the approval until March 2013. The project would also include extending the convention center closet to the waterfront as well as a roof top park. For more information visit The San Diego Union Tribune and the article Convention Center funding plan Okd.
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2012-12-02 Downtown San Diego Convention Center Expansion Is Moving Forward
The Downtown San Diego Convention Expansion has been on the plans for some time now and the City Council has approved a $54.4 million interim bond as financing for the project. This money will provide financing for site acquisition, utility relocation and construction drawings. But before the bonds can be issued, the California Coastal Commission will have to approve the project and have the court confirm legality. It might not be able to get the approval until March 2013. The project would also include extending the convention center closet to the waterfront as well as a roof top park. For more information visit The San Diego Union Tribune and the article Convention Center funding plan Okd.
2012-11-30 Horton Plaza Has Started Project for New Additional Plaza
Horton Plaza down in the Gaslamp Quarter of Downtown San Diego has started the demolition of the north located building of the shopping center. The plans are to build a new additional plaza on these grounds that would also include the restoration of the exciting historic fountain and Horton Plaza, a project calculated to cost $14.7 million. For more information read The San Diego Business Journal and their recent article Work Begins on Horton Plaza's Latest Revival.
2012-11-30 Horton Plaza Has Started Project for New Additional Plaza
Horton Plaza down in the Gaslamp Quarter of Downtown San Diego has started the demolition of the north located building of the shopping center. The plans are to build a new additional plaza on these grounds that would also include the restoration of the exciting historic fountain and Horton Plaza, a project calculated to cost $14.7 million. For more information read The San Diego Business Journal and their recent article Work Begins on Horton Plaza's Latest Revival.
2012-11-29 Pending Homes For Sale is Increasing
According to the National Association of Realtors, pending homes for sale has been increasing as Octobers number is showing us an increase of 5.2 percent since September. For more information visit the article Pending Home Sales Rise in October posted by Realtor Magazine.
2012-11-29 Pending Homes For Sale is Increasing
According to the National Association of Realtors, pending homes for sale has been increasing as Octobers number is showing us an increase of 5.2 percent since September. For more information visit the article Pending Home Sales Rise in October posted by Realtor Magazine.
2012-11-27 FHA – No Need of Federal Assistance to Stay Afloat
Both Fannie Mae and Freddie Mac has required federal financial assistance to be able to stay in business but for the FHA (Federal Housing Administration) a different approach is in place to be able to stay afloat. They are trying to change program rules to cut back on losses and gain revenue. To read more visit the Los Angeles Times article FHA is tweaking programs to improve revenue and cut losses by clicking the link below.
2012-11-27 FHA – No Need of Federal Assistance to Stay Afloat
Both Fannie Mae and Freddie Mac has required federal financial assistance to be able to stay in business but for the FHA (Federal Housing Administration) a different approach is in place to be able to stay afloat. They are trying to change program rules to cut back on losses and gain revenue. To read more visit the Los Angeles Times article FHA is tweaking programs to improve revenue and cut losses by clicking the link below.
2012-11-26 Coronado Bridge Moves Forward with Lighting Project
The Port of San Diego has approved the lighting project for the Coronado Bridge that has been on the books for some time now. The project is to cost about 8 million and to be completed by 2015. Click the following link to access more information.
2012-11-26 Coronado Bridge Moves Forward with Lighting Project
The Port of San Diego has approved the lighting project for the Coronado Bridge that has been on the books for some time now. The project is to cost about 8 million and to be completed by 2015. Click the following link to access more information.
2012-11-22 California Cities Some of The Most Fast Selling Markets
Realtor Magazine and the aricle "8 Markets Where Homes Are Selling the Fastest" reports that the October stats shows that California has the most number of housing markets that are seeing some of the lowest median age of inventory.
2012-11-22 California Cities Some of The Most Fast Selling Markets
Realtor Magazine and the aricle "8 Markets Where Homes Are Selling the Fastest" reports that the October stats shows that California has the most number of housing markets that are seeing some of the lowest median age of inventory.
2012-11-21 North Embarcadero Project Public Meeting
The San Diego Business Journal and their recent article "Gathering to Focus on North Embarcadero Project Phase I" informs us about a public meeting held Nov 28th where constructions updates and other information will be talked about.
2012-11-21 North Embarcadero Project Public Meeting
The San Diego Business Journal and their recent article "Gathering to Focus on North Embarcadero Project Phase I" informs us about a public meeting held Nov 28th where constructions updates and other information will be talked about.
2012-11-20 Existing Home Sales Increased
CNN Money and their recent article "Home sales climb 2 percent in October" reports that existing home sales around the country rose to 4.79 million for the year. This is an increase of 2.1 percent compared to last month of September.
2012-11-20 Existing Home Sales Increased
CNN Money and their recent article "Home sales climb 2 percent in October" reports that existing home sales around the country rose to 4.79 million for the year. This is an increase of 2.1 percent compared to last month of September.
2012-11-17 FHA Might Need Funding From the U.S. Treasury
The Los Angeles Times and the article, "FHA projected to exhaust reserves, could need bailout", reports that the FHA might need funding from the U.S. Treasury to be able to stay afloat. All up till now, the FHA have been self-funding but with Septembers number showing a 16.3 Billion in projected losses, the agency will most likely need help.
2012-11-17 FHA Might Need Funding From the U.S. Treasury
The Los Angeles Times and the article, "FHA projected to exhaust reserves, could need bailout", reports that the FHA might need funding from the U.S. Treasury to be able to stay afloat. All up till now, the FHA have been self-funding but with Septembers number showing a 16.3 Billion in projected losses, the agency will most likely need help.
2012-11-16 Mortgage Rates Down to New Record Low
Realtor Magazine and their article "Mortgage Rates Fall into Record-Breaking Territory" reports that Freddie Mac has provided us with new number concerning the fixed rate mortgage rates where it dropped to new record low this week. The previous record low for the 30 year fixed was 3.36 percent and this one is now down to 3.34 percent. The 15 year fixed was down to 2.66 percent but is now down to 2.55 percent.
2012-11-16 Mortgage Rates Down to New Record Low
Realtor Magazine and their article "Mortgage Rates Fall into Record-Breaking Territory" reports that Freddie Mac has provided us with new number concerning the fixed rate mortgage rates where it dropped to new record low this week. The previous record low for the 30 year fixed was 3.36 percent and this one is now down to 3.34 percent. The 15 year fixed was down to 2.66 percent but is now down to 2.55 percent.