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!
2012-02-19 Sailor Statue in Downtown San Diego Might Be Removed
The 25 foot high “Sailor Statue” that is placed right by the waterfront in the Marina District in Downtown San Diego might be removed. The ort of San Diego is saying that if supporters can raise $1 million the statue will stay. Read the San Diego Union Tribune’s article “San Diego waterfront plans advance” by clicking the link below for more information.
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2012-02-18 Adjustable Rate Mortgage Alternative
As you all knowthe 30 year mortgage rate has been keeping itself at record low and many home owners are finding value with this. Some home owners who might not be able to relocate or invest right now are considering an adjustable rate mortgage with a fixed interest rate for several years. Read New York Times article A Fixed Rate Alternative by clicking the link below for more information.
2012-02-16 Buying a Home is Affordable
CNN Money is in their article Home buying: Most affordable in decades saying that buying a home now is more affordable if you compare to the last twenty years. Of course the record low mortgage rates as well as a decline in home pricing have something to contribute to the affordability. To read more click the link below.
2012-02-15 New Hotel to Be Built in the Columbia District
Downtown San Diegos Columbia District used to be home to the Padres and right in that spot a plan to build a new hotel are on the horizon. It is called Lane Field, and a 400 room hotel tower with 14 stories and park space has been given the thumbs up from the Port of San Diego. Read the San Diego Union Tribunes article New hotels to rise on Lane Field for more information by clicking the link below.
2012-02-14 Short Sale Cash Incentives
According to Realtor Magazine’s article “Banks Offer More Cash Incentives for Short Sales” home owners who are selling their short sales are now being offered cash incentives up to $35,000. The bank is offering this to avoid a costly foreclosure transactions.
2012-02-13 Navy Pier Might Not Get Wing Sculpture
The Navy Pier located in the Columbia District of Downtown San Diego has had up for suggestions a 500 foot tall wing sculpture to be built right on the edge to the water front. The Port of San Diego has other plans on the books. They are suggesting a 500 space parking garage with a park located on top. Read the San Diego Union Tribunes article Port staff backs parking garage but not ‘Wings’ by clicking the link below for more information.
2012-02-09 Foreclosures Reduced in 2011
Market studies shows that foreclosures are slowing down a bit as the year of 2011 shows a decrease by 8.4 percent. Some say that lenders are being more carefully and are taking their time with the paperwork involved to get homes through the foreclosure processes. Read more in RealtorsMagazine.com article Is the Foreclosure Crisis Finally Fading? by clicking the link below.
2012-02-08 Find The Exact School District For Your Home
Education.com has come up with a new tool where you can search for the specific school district for where your home is located. To read inmanNEWS article “Find exact school district assignment info for any US home” click the link below.
2012-02-07 Housing Market is Improving
Realtor Magazine is in their article “List of Improving Housing Markets Grows” talking about that the housing market is showing signs of improvement. They say the last 6 months has showed improvements of employment, housing prices and housing permits. Click the link below to read more.
2012-02-06 Lower Mortgage Principle with Fannie & Freddie
Members of the House Financial Services Committee Democrats has been in the process of trying to get Fannie and Freddie Mac to lower their mortgage principles for home owners in trouble. To read the LA Times article “Lawmakers push Fannie, Freddie to write-down mortgage principal” click on the link below.
2012-02-02 New Financing Program for Home Owners Who are Current on Payment
For home owners who are current on their payments the Obama Administration has released a plan to set up a new financing program. This program includes a Bill of Rights that would help the home owner to access mortgage discloser forms so that they can prevent foreclosure. Read the LA Times article White House details mortgage refinancing plan for homeowners for more information by clicking the link below.
2012-02-01 San Diego Redevelopment Agency is No Longer in Business
The San Diego Redevelopment agency passed on $6.5 billion of obligations to Downtown San Diego as it went out of existence yesterday. Read the Union Tribuns article ” Redev agency passes on $6.5B in projects” for more information on the link below.
2012-01-31 Smart Corner Studios Selling For As Low As $98,000
News10.com announced yesterday that the Smart Corner complex located in the northern part of the East Village in Downtown San Diego is now selling studios for as low as $98,000. To read more click the link below.
2012-01-28 Mortgage Rates Are Going Up
As the 30 year fixed mortgage rate has been down for a while now we all thought it would last but during the last week the rate is starting to go up. Right now the rate is at 3.98 percent so its still under 4 percent. Read more about the increase in Realtor Magazine by clicking the link below.
2012-01-27 Mortgage Rates Might Stay Low Until 2014
It seems like the U.S. economy still needs some help as the Federal Reserve will keep the short-term interest rate near zero all the way to 2014. The National Association of Realtors are in their article Fed Vows to Keep Rates Low Until 2014 talking more about this topic. Click the link below for more information.
2012-01-26 Foreclosures are Shrinking
According to the National Association of Realtors article Foreclosure Sales are Down, Average Discount 34% about 20 percent of all sales in the country in the last quarter of 2011 shows to be foreclosures. As the second quarter of 2011 shows that the foreclosure sales were 22 percent we can see signs that the foreclosure sales are getting fewer. Read more by clicking the link below.
2012-01-24 Downtown San Diego Convention Expansion Moves Forward
A special district is about to be created by the San Diego City Council that might help finance the Expansion of the San Diego Convention Center located in the Marina District in Downtown San Diego. Read the San Diego Union Tribune’s article “Convention center expansion moves forward” by clicking the link below.
2012-01-23 First Time Home Buying Tips
San Diego’s News10 is in their article “First-Time Homebuyer’s Guide” giving you some really good advice on how to start your journey on how to invest in Real Estate. To read more click the link below.
2012-01-22 New Ideas For Downtown San Diego Waterfront
The San Diego Union Tribune wrote an article about how they think Downtown San Diego should start to think big with no limitations. They are suggesting that the waterfront become a place where the new Charger Stadium, public parkland, public beach and promenades would go. To read their article “Editorial: Think big New vision needed for downtown waterfront” click on the link below.
2012-01-21 Downtown San Diego Real Estate Tax Rules
Time has come when we are in the process of preparing for tax returns and if you are wondering what could be deductable when it comes to your Downtown San Diego Condo or Downtown San Diego Loft read 10News article “Tax Tips: Real Estate Rules” for more information and suggestions on the link below.