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!
2012-08-27 Foreclosure Review Deadline Expanded
Realtor Magazine and the article “Deadline Extended for Foreclosed Home Owner Reviews” informs home owners that the deadline for foreclosure reviews has been extended until September 30th, 2012. This process is free for home owners who think they might have been wronged in the foreclosure process.
Read the Article
2012-08-27 Delinquency Rates For Freddie Mac’s Guaranteed Mortgages Are Going Down
Housing Wire and the article Freddie delinquency rate down to lowest in nearly 3 years reports that Freddie Macs guaranteed mortgages delinquency rates fell to 3.42 percent in the month of July. This is the lowest its been since August 2009.
2012-08-24 Lane Field Hotel Project Presented to the Port of San Diego
The Port Of San Diego and the article “Lane Field Hotel Development Plan Presented to Board of Port Commissioners” reports that the board of port commissioners has been presented with a developer’s project plan for the new hotel plan.
2012-08-23 Home Sales Are Increasing
According to CNNMoney and the article “Home sales climb 2.3 percent in July” report that homes sold rose with 2.3 percent from June this year. This is an increase with 10.4 percent from last year.
2012-08-20 Are Investors Taking Over the Real Estate Market?
Many Downtown San Diego Real Estate home owners and buyers are asking the same question. Is the real estate market bombarded by investors? Well, we have recently seen a lot of investors make their moves as they have cash, offering often a short close of escrow and offering a purchase price above the listed price. They have the power and resources that is working in their favor. For more information visit the San Diego Union Tribunes article Are investors taking over your neighborhood?
2012-08-15 New Proposed Rule When Conducting Higher-Risk Mortgages
DSnews and the article Agencies propose new appraisal rules for higher-risk loans reports that six federal agencies has proposed a new rule when conducting appraisals for higher risk mortgages that would set out a new requirement.
2012-08-13 Great Views to Be Expected from New Lane Field Hotel Project in Downtown San Diego
The San Diego Union Tribune and the article “Lane Field hotel aims to save views” reports that the Lane Field Hotel Project in the Columbia District in Downtown San Diego is aiming for great views over the bay and Downtown. The plan include a 14-story tower as well as a 20-story tower where both buildings will be tall and skinny allowing for bypassers to see around as well as being able to easily walk around.
2012-08-11 Delinquent Mortgages Show Signs of Increase
The Los Angeles Times and the article “Mortgage delinquencies rose in second quarter, trade group says” reports that homeowners with at least one missed payment in the second quarter of 2012 rose to 7.48 percent compared to the second quarter’s number of 7.4 percent.
2012-08-10 80 Metro Areas Indicates Improved Housing Market
Realtor Magazine and the article “Nearly a Quarter of U.S. Metros Make Improving Markets List” reports that about 80 metro areas in the United States show signs of an improved housing market.
2012-08-09 Prices Up In The Month of June
Reuters and the article “U.S. home prices rose in June” reports that home prices went up with 1.3 percent compared to a month earlier. Compared to this time last year, home prices has been increaing with 2.5 percent.
2012-08-08 Freddie Mac Shows Profit
The Los Angeles Times and the article “Freddie Mac posts 2nd quarter profit, will not need federal aid” reports that the mortgage giant Freddie Mac is showing a profit for the 2nd quarter of 2012. No federal aid will be necessary for the company to stay afloat.
2012-08-07 A Decline in Closing Costs
Realtor Magazine and the article “Mortgage Closing Costs on the Decline” informs that closing costs has been reduced with an overall 7 percent the last year.
2012-08-06 The Housing Market Show Signs of Recovery
According to Housingwire.com and the article “NAHB/First American index spotlights 80 improving housing markets” about 80 housing markets have approved over the last six months.
2012-08-05 Strict Rules of Loan Approval Might Ease Up
The Washington Post and the article “Mortgage lenders may be easing their standards, but not for everyone” reports that while home prices are rising in many markets, mortgage lenders might start to lower the super strict underwriting rules and possibly extend loans to homeowners who are on the sideline.
2012-08-04 New Simple Forms for Loan Documents
The New York Times and the article Simplifying loan documents reports that The Consumer Financial Protection Bureau investigated mortgage documents and concluded that they should be written with straightforward language that is easy to understand. The Bureau is now proposing two new forms, one to start the loan process and one to use right before closing.
2012-08-03 Mortgage Rates are Slightly Going Up
The Washington Post and the article “Mortgage rates reverse their trend, rising slightly after weeks of record lows” reports that mortgage rates are slowly going up. The 30-year fixed mortgage rate rose with 0.5 this week landing at 3.55 percent.
2012-07-29 Fat City Hotel Project Approved
The San Diego Union Tribune and the article “Fat City hotels project wins final OK” reports that the appeal from hotel workers was denied and the the project has been approved to move forward. Construction is planned to start next year.
2012-07-23 Refinancing Applications Are Increasing
As mortgage rates are record low, many home owners wants to take advantage of the opportunity to refinance. According to the San Diego Union Tribune and the article “Mortgage Applications Surge Nearly 17% Last Week” a jump in applications was increased with 17 percent compared from the week before.
2012-07-21 Free Foreclosure Reviews Are Available
The San Diego Union Tribune and the article “Borrowers wary of free foreclosure reviews” reports that over $4 million people can be eligible for a free foreclosure review but that only 5 percent of them have applied.
2012-07-20 Mortgage Rates Keep Dropping to New Record Lows
Realtor Magazine and the article “Mortgage Rates: The Record That Keeps on Breaking” reports that the mortgage rates keep on dropping. The 30-year mortgage rate reached a new record low of 3.53 percent and the 15-year mortgage rate 2.83 percent.