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!
2012-10-13 VA Loans Have Been Increasing
Realtor Magazine and the article "VA Loans Surge This Year" reports that an increase of 50 percent more VA loans has been reported for 2012. Military members see the VA loans as a huge benefit compared to conventional financing due to the credit standards.
Read the Article
2012-10-11 Lane Field Hotel Project in Downtown San Diego Approved
According to the San Diego Business Journal and the article "Port District Approves Lane Field Hotel Project" reports that the $115 million Lane Field Hotel Project in the Columbia District of Downtown San Diego has been approved by the Board of Port Commissioners.
2012-10-06 Shadow Inventory Expected to Hit Market Step by Step
The Orange County Register and the article "Experts say 'shadow' homes won't crush housing" reports that home owners and investors does not need to worry about having the shadow inventory come crashing down all at once as it is expected to hit the market a little bit at a time.
2012-10-05 Mortgage Rates Are at New Record Lows
Realtor Magazine and the article "Mortgage Rates Reach New Record" reports that the mortgage rates are dropping again as the 30-year fixed mortgage rate is now at a new record low of 3.36 percent. The 15-year fixed mortgage rate is also at a new record low of 2.69 percent.
2012-10-04 Funding Plan for the Downtown San Diego Convention Center has Been OK'd
The San Diego Business Journal and the article "Council OKs Funding Plan for Convention Center" informs that the $520 million dollar project is moving foward as the funding plan has been approved by the San Diego City Council.
2012-10-03 Homeowners Are Taking Advantage of Low Borrowing Costs
Bloomberg and the article "U.S. mortgage payment rate reaches highest level since 2005" reports that homeowners have been taking advantage of the low cost included with borrowing as mortgage repayment rates have gone up to the highest in 7 years.
2012-09-27 Pending Home Sales Are Decreasing
Realtor Magazine and the article "Pending Home Sales Decline in August" reports that pending home sales have been decreasing in August. Even though the home sales through the year have been pretty steady the levels are comparable with last years numbers.
2012-09-25 San Diego is the 4th Most Popular Destination
According to the San Diego Business Journal and the article "San Diego Tops California Travel Destinations" reports that San Diego is the 4th most popular destination for US travelers who ordered their stay from www.hotels.com.
2012-09-23 CA Homebuilding Might Double in 2014
The Orange County Register and the article "Calif. homebuilding to double by 14" reports that a forecast is predicitng that 23,500 building permits will be pulled by California developers this year. This means that homebuilding will grow with about 44 percent for 2013 and thereafter to 78 percent in 2014.
2012-09-21 Record Low Mortgage Rates at 3.49%
CNNMoney and the article "Mortgage rates at record low again" reports that this weeks mortgage rates at 3.49 percent is matching the previous record low rate for July. A new low record was set for this week where the fixed-rate 15-year mortgage reached 2.77 percent.
2012-09-20 Housing Inventory Fell with 1.2% in August
The Wall Street Journal and the article "For-sale listings drop again, led by California cities" reports that the month of August is showings us that the housing inventory fell with 1.2 percent compared to the month before. Homes for sale were down by 18.7 percent from one year ago and 34.1 percent from two years ago.
2012-09-18 Ruocco Park Opening – New Downtown San Diego Park
Downtown San Diego is on September 20th, 2012 opening the new Ruocoo Park that is located next to the waterfront and Seaport Village. The park has been under construction since October 2011 and has a large-scale public art work. This park is a must see.
2012-09-16 FHA has Eased Some Requirements for Buyer who wants to Buy Condos
Housing Wire and the article "FHA temporarily eases guidance on condo approvals" reports that FHA has eased requirements for lending money to those who wants to purchase condos through August 2014.
2012-09-12 Baby-Boomers Outpacing the Younger Home Owners with Delinquent Mortgages
Realtor Magazine and the article "Baby Boomers Face Growing Mortgage Debt" reports that those of age 50 and up have more mortgage debt now than they have ever had before. The Baby-Boomers have outpaced the younger crowd with being delinquent on their mortgages.
2012-09-11 Home Prices are predicted to Slightly Increase in the Next Year
Housingwire and their article “Consumers cautious on housing recovery: Fannie Mae” reports that a recent survey shows that home prices are to slightly increase in the next year. With about 1 percent or a little more survey respondents are very cautious of the overall national economy.
2012-09-10 Jumbo Loans Might Be Easier to Obtain
The San Diego Union Tribune and the article “Are jumbo home loans coming back?” reports that it might get easier to obtain the so called “jumbo loans”.
2012-09-09 Downtown San Diego Convention Center Project is Moving Forward
The Port of San Diego and the article “Final Environmental Impact Report for Convention Center Expansion and Hotel Completed reports that the project is moving forward and has completed the final environmental Impact Report. You can click the following link to access the full article as well as getting information about the full report.
2012-09-07 Public Meeting For The Lane Field Hotel Project
The Port of San Diego and the article “Public Meeting to Feature Conceptual Design of Lane Field North Hotel Project” reports that the public meeting has been rescheduled for September 11th. The reason for the reschedule is to make sure that the public will have enought time to attend and to be able to have their voices heard.
2012-09-05 New Bosa Development Plan in Downtown San Diego Has Been Ok’d
The Union Tribune and the article “Condo, office tower plans OK’d for Santa Fe Depot ” reports that Bosa Development has been ok’d with building two condo towers and one office tower down in the Columbia District in Downtown San Diego. The new construction is planned to be completed in 2015.
2012-08-29 City Hotel Project Sold
A new developer is to take over the Fat City Hotel Project as it has been sold to FC Acquisition Co. that includes T2 Development and GLJ Partners. Jonathan Segal, the local architect is no longer involved in the project. The plan is to have two Hilton hotels including 364 rooms. The construction is planned to start in January of 2014.