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!
2012-04-01 A Low Appraisal Could Stop Your Home Sale
Low appraisals can have a huge effect on how much the bank will be able to finance. We have seen this more recently as the appraisal might be coming in lower than what has been accepted by both seller and buyer leaving the buyer to come up with the difference. For more information click on the link below to access CNN Money’s article “Low-ball apprisal: Mortgage denied”.
Read the Article
2012-03-31 Mortgage Rates Back to Under 4%
Last weeks mortgage rates made a big jump but this week it is down to under 4 percent again. Want more information. Click on the link below to access the Realtor Magazine’s article “30-Year Mortgage Rates Slide Back to Below 4%”.
2012-03-30 Foreclosures Fell in February
The national foreclosures reported for the month of February totaled 66,000 applications. This is 5000 less foreclosures compared to the month before. For more information click the link below to access the Realtor Magazines article National Foreclosures Drop in February.
2012-03-28 New Requirements from the Housing Administration
Starting April 1st, 2012 the Housing Administration have changed their requirements and will from now on not insure mortgages to borrowers that have ongoing credit disputes of $1,000 or more. To read the Realtor Magazines article New FHA Rule to ‘Kick Some Buyers Out’?click the link below for more information.
2012-03-24 Tax Saving Tips
Mercury News is in their article “Tax benefits for home owners” giving you specific tax tips especially if you are a home owner. Click the follwing link for more information.
2012-03-19 Home Owners Worried About Falling Home Prices
HousingPredictor completed a recent online survey among 1,000 home owners and almost half of them are worried about the falling home prices. They said that they would most likely walk away from their mortgage if this continues. Read Realtor Magazines article Poll Reveals More Home Owners Weigh Strategic Default by clicking the link below for more information.
2012-03-18 Sailor Statue To Be Replaced
The sailor statue down by the waterfront in the Marina District of Downtown San Diego will be replaced by a bronze version and this has upset some of the art committee members. Three members turned in their badges at the last member meeting held last week indicating it was their last meeting. Read more in the San Diego Union Tribunes article Artists’ “Kiss” resignations reignite debate over port’s art decisions by clicking the link below.
2012-03-16 Foreclosure Filings Are Falling
Foreclosure filings have been falling as San Diego County measured a drop of 9% in February. Nationwide the filings fell 13% compared to last year. To read more click on the Los Angeles Times article Foreclosures fall in California and U.S. — but it may not last by clicking the link below.
2012-03-15 Home Prices On The Rise
The first increase in nine months when it comes to home prices occurred last month in February as the inventory of homes listed for sale rose with 0.5 percent from January leaving the number to be 1.78 million. To read the Wall Street Journals article Spring ritual returns: for sale signs sprout click the link below to access more information about the current real estate market.
2012-03-12 Americans Want to Invest in Homes
In a recent research, Americans are saying that if their finances would improve they would buy a home. To read Realtors Magazines article What do Americans want most once finances improve? by clicking the link below.
2012-03-10 Mortgage Payers Are Paying On Time
According to The New York Times, mortgage payers are pretty good about paying on time as fewer payers are delinquent and in foreclosure. Read their article “Paying on time” for more information by clicking the link below.
2012-03-09 Lane Field Project in Downtown San Diego Is ready To Move Forward
The Port Of San Diego has approved the plans for the new project over at Lane Field in the Columbia District of Downtown San Diego. The project includes a public park and a plaza. Read the San Diego Business Journal’s article “Port District Approves Concept Plans for Lane Field Park” for more information by clicking the link below.
2012-03-08 Mortgage Rates Are Still At Record Low
Freddie Mac is reporting that the mortgage rates are still keeping their record low rates as the 30 year fixed mortgage rate average 3.88 percent. Read more in the San Diego Union Tribune’s article “Mortgage Rates Keep Dancing with Record Low” by clicking the link below.
2012-03-07 Mayor Wants CCDC to Remain in Downtown San Diego
Mayor Jerry Sanders spoke at a local real estate conference last week and gave his opinion that he thinks that the Centre City Development Corporation (CCDC) should remain in business. For more information read the San Diego Union Tribune’s article “CCDC should remain, expand citywide, mayor says”.
2012-03-06 FHA Applications Has Been Increasing
FHA backed mortgage applications has been increasing with 14.9 percent since December 2011 and with 22 percent from January 2011. Current loan refinance applications have increased with 26.3 percent from December 2011 and with 44.5 percent since January of 2011. For more information click the following link to read the Realtor Magazines article Application for FHA-Backed Mortgages Rise.
2012-03-05 Charger Stadium in the East Village Still on the Agenda
The plans of having the new Charger Stadium in the East Village of Downtown San Diego seem to be on the plans as it would cost about half compared to building the stadium over by the water front in the Marina District. Read the San Diego Union Tribunes article Sanders pegs waterfront stadium cost at $2.5B by clicking the link below for more information.
2012-02-27 Homes for Sale has been Declining
The Wall Street Journals article Where are all the home sellers is talking about that homes listed for sale during the first month of the year dropped with 6.6 percent if you compare to the month before. There are buyers out there but the sellers seem to be hard to find. Click the link below for more information.
2012-02-22 Home Sales are Increasing
The San Diego Union Tribune is in their article “Home sales jump more than 4 percent in January” talking about that home sales has increased in the first month of 2012. The sales rose with 4.3 percent and this is the highest its been in the last two years. To read more click on the link below.
2012-02-21 Low Inventory in Downtown San Diego
The Downtown San Diego real estate market as well as the real estate market nationwide has seen a decrease in inventory. Downtown San Diego currently has fewer than 200 units for sale and this is unheard of. We all know what happens when inventory is lowprices go up! Read the Realtor Magazines article Housing Inventories Drop, List Prices Rise for more information by clicking the link below.
2012-02-20 Big Interest in High Rises
Many say that High-rises is an American thing but lately the interest in building these tall complexes has increased as we see other parts of the world in High-rise construction. Professor Kurt Hunker with the NewSchool of Architecture and Design located in Downtown San Diego is welcoming the public for a free forum this coming weekend. Click on the San Diego Union Tribune’s article “High-time for high rises” link below to get more information about this event.