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!
2011-12-19 Low Mortgage Rates Will Stay for Next Year
Freddie Mac reported the other day that they expect an increase of the housing activity as well as for the mortgage rates to stay low to at least 6 month into the year of 2012. Read the Wall Street Journals article Freddie: Low Mortgage Rates to Hang around Next Year by clicking the link below.
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2011-12-14 The North Embarcadero Visionary Plan Phase 1 – Groundbreaking Coming Up
The North Embarcadero Visionary Plan Phase 1 has been scheduled for groundbreaking on January 5th, 2012. This was decided after the Port of San Diego and the San Diego City’s meeting and approval of the $29.6 million to start the project that will improve the waterfront in Downtown San Diego.
2011-12-13 Home prices dropped in November
According to the article written on November 11th, 2011 the San Diego Union Tribune is talking about that November home sales prices have continued to drop for San Diego County and that the number of home sales is showing the opposite with going up drastically. For more information and to read the original article San Diego home prices fall 6% in November click on the link below.
2011-12-12 Manchester Pacific Gateway Project Don’t Meet State Standards
The Manchester Pacific Gateway project in Downtown San Diego does not meet the state coastal standards when it comes to federal design rules to ensure against terrorism. The project that would include a new Navy headquarter building in the Columbia District is now on hold. Read the San Diego Union Tribune’s article “Coastal panel cites terrorism worries in Navy project review” by clicking on the link below for more information.
2011-12-11 Lawmakers are Urged to Reject New Payroll-tax Cut
For more than three years, Fannie Mae and Freddie Mac have been under the control of the government as well as that they are mortgage giants in the real estate industry. Major real estate groups have recently come together to raise fees charged by the mortgage giants. The groups are urging lawmakers to reject an attempt to renew a payroll-tax cut.
2011-12-10 Homeowners are Taking a Stand to the Morgage Crisis
Downtown San Diego Condo and Downtown San Diego Loft homeowners who are in the middle of the foreclosure process are taking a stand to how the banks have been handling the mortgage crisis. Occupy our Homes is a day that focuses attention to this matter. Read KBPS article below Occupy Our Homes Protest Moves into San Diego for more information.
2011-12-09 Number of Applications to Buy Real Estate is Getting Stronger
The 30 year mortgage rates are still record low at 4 percent and the amount of applications to purchase Downtown San Diego Condos, Downtown San Diego Lofts and other homes around San Diego rose to the highest amount in four months.
2011-12-08 Rental Market Stabilizes in Downtown San Diego
The rental market in Downtown San Diego and other areas around San Diego County is relatively stable. Over the past several years experts have reported vacancys averaged at a high of 5.4% and a low of 1.6%. Some believe the reasoning behind the downward slope in vacancies is due to the uncertainty of the for sale market.
2011-12-05 Two Day Extension to Pay Your Tax Bill
The County Treasurer is giving Downtown San Diego Condos and Downtown San Diego Loft homeowners an extension of two days to pay their property tax bills as the 10th of December occurs on a Saturday. Click the link below to read The San Diego Union Tribunes article Property owners get two more days to pay tax bill.
2011-12-04 Large Mortgage Lenders will not foreclose during the Holiday
Large mortgage lenders such as Fannie Mae and Freddie Mac have decided not to foreclose on delinquent home owners during the Christmas Holiday. CNNMoney.com share more information about this in the article below.
2011-12-02 Construction is starting to get busy
The Commerce Department reported that construction spending has increased for the month of October with 0.8 percent. Even thought the construction industry has moved slowly upit is still under the average compared with 2010 with 2.9 percent.
2011-12-01 Get your mortgage payment lowered
The Obama Administration has recently announced that there could be a major change to the Federal Home Affordable Refinance Program that could help you lower your mortgage payment for your Downtown San Diego Condo or Downtown San Diego Loft. Read The San Diego Union Tribunes article below for a step by step guide to see if you could be eligable.
2011-11-30 Senior Housing Occupancy is Increasing
Senior housing is on the rise with more than 35 deals worth in excess of 5.5 billion dollars completed in just the first 3 quarters of 2011. This number reflects more than the previous 2 years combinedthese sales are being picked up by large investors that specialize in housing for elderly people.
2011-11-29 Luxury Real Estate is Rising
Luxury Downtown San Diego Condo and Downtown San Diego Loft prices are on the rise along with the rest of Southern California. There are many reasons behind this but the most prevalent one is that these types of buyers have money and will continue to have moneyits just finding a way for them to spend it. San Diego luxury home prices are up 1.1% from last quarter bringing the average list price to $1.63 million dollars.
2011-11-26 30-Year Fixed Rate Averages 3.98% While ARMs Hit New Lows
30 year fixed mortgage rates remain near their historic lows averaging 3.98% and at the same time adjustable rate mortgages hit new record lows.
2011-11-25 Take advantage of expiring tax deductions
Are you looking to take advantage of tax credits and deductions before they expire at the end of the year? There is a good chance that most of these benefits won’t be extended due to the federal deficit problem.
2011-11-23 Public Meeting for Proposed New Navy Pier Park
The San Diego Unified Port District will be holding two public meetings in regards to the proposed Navy Pier Park in the Columbia District located in Downtown San Diego. This plan includes the 500 foot tall “wing sculpture” to be placed at the tip of the park right before the waterfront.
2011-11-22 Existing Home Sales On The Rise
Existing home sales are on the rise, sales were up 1.4% from last month. This mark is higher than what was expected by the economist of briefing.com. Downtown San Diego Condo and Downtown San Diego Loft home owners that are trying to sell right now are in favor of these stats in hopes for a quick sale. Home sales compared to last year have raised quite a bitkeep your fingers crossed for the growing progress.
2011-11-21 New Downtown San Diego Library – Halfway Complete
The new Downtown San Diego Library that is under construction in the East Village/Ballpark District is halfway complete. Concrete is currently being poored and formed to a cost of $20 million.
2011-11-19 Mortgage Applications Still Low
Mortage rates have during 2011 been under 5% except for a time frame of 2 weeks. This last week the 30 year mortgage rate rose from 3.99% to 4%. Even though the rates have been historically low…mortgage applications have not seen any increase in buyers interest.