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!
2012-01-18 Strong Interest in Refinance Applications
The Mortgage Bankers Association has reported that a strong interest in finance applications has been driving up the numbers of new loans. They actually jumped with 23 percent in the U.S. if you compare this week to the prior. Read Wall Street Journals article Refi Activity Hits Highest Level Since August for more information.
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2012-01-15 Early Mortgage Payment Might Save Money
Should you decide to pay off your home mortgage early you will net interest savings compared to making monthly payments for a set period of time. Read MercuryNews article “Real: Pay off mortgage early to save money” for more information by clicking the link below.
2012-01-13 2011 Foreclosures Fell to Lowest Level Since 2007
CNN Money is in their article “Foreclosures fall to lowest level since 2007” saying that Foreclosure filings during 2011 decreased to a level equal to the numbers in 2007. Click the link below to read their article.
2012-01-12 San Diego County Property Tax Due Today Jan 12, 2012
For more information about the deadline on paying your property taxes visit the County of San Diego Treasurer – Tax collector on the link below for more information.
2012-01-10 A Slight Increase in Home Prices
Fannie Mae reported that a slight increase in home prices occured in the last month of 2011. They also think that home prices will rise with 0.8 percent during 2012. Read the Wall Street Journal’s article “Survey: Mood Improves on Home Prices” for more info.
2012-01-09 The Chargers New Stadium is Put on Hold
The Chargers will be staying in Qualcomm and playing their games there for one more year. They have decided not to exercise their option to leave for now but are still considering a future option in the East Village in Downtown San Diego.
2012-01-08 Downtown San Diego Projects from 2012 – 2016
Read the San Diego Union Tribune’s article “San Diego’s key building projects, 2012-16” for more information on the major projects that are already in session or are about to start in Downtown San Diego. See link below.
2012-01-07 A Good Time to Get a New Mortgage
The opportunity for new homebuyer and for the ones who would like to refinance is here as the mortgage interest rates that are near all time low most likely continue throughout 2012. MercuryNews.com is in their article Real estate: 5 reasons to get a new mortgage in 2012 giving you a couple of reasons why it would be a good time to get a new mortgage. To read more, click on the link below.
2012-01-06 30 Year Mortgage Rate Is Back to 3.91%
The record low 30 year fixed mortgage rate of 3.91 percent is back. As we all knowthe average rates has been really low the last couple of months and the beginning of the New Year 2012 is following 2011s footsteps when it comes to keeping the rates low. Read USA Todays article below for more information!
2012-01-04 2012 Might Continue With Low Mortgage Rates
The low mortgage rates that occurred during 2011 might be here to stay for a while longer. Experts say that 2012 will continue in 2011 footsteps with record low rates, falling home prices as well as high unemployment. Even though 2011 had record low mortgage rates not too many took the advantage of buying a home.
2012-01-02 Mortgage Rates Still Low
The last week of 2011 continued with having the 30 year fixed mortgage rate to be under 4 percent. The average for this week was 3.95 percent raising the rate from 3.91 percent from the earlier week. To read the San Diego Union Tribune’s article “Mortgage Rates Still Below 4%” click on the link below.
2012-01-01 FHA is Extending its Anti-Flipping Rule
Downtown San Diego home buyers looking to invest in a home that has changed hands in the last 90 days can still count on FHA-insured financing as the Federal Housing Administration will extent the temporary waiver of its anti-flipping rule for the second year in a row.
2011-12-31 Foreclosures Might be Increasing
Analysts say that foreclosures might be increasing in the next couple of years. Stanley Morgan thinks that the foreclosure number might be as high as $6 million homes by 2016. Read the San Francisco Chronicle’s article “6 million estimated foreclosures by 2016” by clicking the link below.
2011-12-28 Quiet Zone Project Delayed
The Quiet Zone Project that is working to eliminate the train horn in Downtown San Diego has been delayed. The completion date is now set for late spring 2012. Read 10news.coms article Downtown Quiet Zone Project Delayed for more information.
2011-12-27 Plaza de Panama Project Delayed
The plan to remove cars from the center of Balboa Park, Plaza de Panama Project, has been delayed as a judge ruled against the project saying that the memo of understanding between the city and the Panama committee is illegal. Read the San Diego Union Tribune’s article “Court to rule against city on Balboa Park” for more information.
2011-12-26 Final Developer Unit at The Mark is Sold
The last Developer unit at The Mark in Downtown San Diego is now sold at a price of $2,225,000. This unit is the 3,200 square foot penthouse and this sale makes The Mark completely sold out. There are a few resales for those looking to invest in Downtown San Diego Real Estate. Read the San Diego Union Tribune’s article “Final unit at The Mark sells for $2.2M” for more information about the Penthouse sale.
2011-12-25 Mortgage Rates are falling to 3.91 percent
The 30 year mortgage rate has this week fallen to the lowest it has been the last four decades. With a 3.91 percent makes it the sixth record for this year.
2011-12-22 Foreclosures Increased in Third Quarter of 2011
New home foreclosures that were initiated by large national banks rose up to 21.1 percent July, August and September 2011. The cause seems to have been paperwork problems as mortgage servicers lifted voluntary holds. Click on the link below to read the Los Angeles Times article Home foreclosures jumped in third quarter, federal report says for more information.
2011-12-21 VA Loan Limits Will Be Lowered in 2012
The VA loan limit for 100% finacing for San Diego County will be lowered to $477,000 starting January 1st, 2012. Other areas such as Orange County will follow San Diego and their new limit will be $621,000. Read WannaNetWork.com’s article below for more info.
2011-12-20 Mortgage Modification doubled with Foreclosure counseling
Housingwire.com is in their article Foreclosure counseling doubles the chance of mortgage modification talking about mortgage modification and how it doubled if borrowers received foreclosure counseling. Read more by clicking on the link below.