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!
2011-11-18 Are Low Mortgage Rates Here To Stay?
Although we have heard that mortgage rates should remain low through 2012 and into 2013, some experts think differently. Some think that the rates will rise from the historic lows we are experiencing right now throughout 2012 and hit around 4.5% by the middle of 2012. These are just projections but it will be interesting to see what the rates are for Downtown San Diego in the near future.
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2011-11-15 Low Offers Remain Prevalent
When you have a tough housing market you get a lot of investors with a lot of discretionary money and home buyers looking to find that great deal. Some people throw out a low ball offer far below asking price and are able to get it. In other cases…the low ball way might not get you so lucky.
2011-11-14 Home prices are still going down
Home prices has steadily been going down the last couple of years. DSNews.com is mentioning that the prices has been going down with an overall number of 28.3 percent since June 2006.
2011-11-12 Home Prices are Still Rising
Experts have surveyed 20 different cities in the U.S. and found that home prices are still on the rise after the huge crash last year. Although the jump recently wasnt huge some jump in the right direction is better than nothing.
2011-11-11 Lenders Spark Investigations
Even though mortgage fraud this year is about 40% lower than last year, lenders are still under investigation for the amount of fraud that has occurred. Fraudulent mortgages total $7.4 billion dollars this year. These investigations usually start when you apply for you mortgage and the lenders verify your social security number and identity. During this investigation they are looking to confirm income issues, large bank deposits, your address, often credit checks, and new or undisclosed debts that you might have.
2011-11-09 New Navy Pier Plan in Downtown San Diego includes wings sculpture
The Midway aircraft carrier museum has a new plan for the Navy Pier in the Columbia District in Downtown San Diego. The plan includes a 500 foot high wings sculpture to stand at the tip of the park.
2011-11-07 Home Buyer Tax Credit has been causing problems
Many Downtown San Diego Condo and Loft buyers took advantage of the First Home Buyer Tax Credit during 2010 where a total of $8000 was given as a credit. The IRS have has some trouble determine who owe payments and who doesn’t.
2011-11-06 New appraisal rules delays home sales
The Wall Street Journal is reporting in their article that new appraisal rules has been a problem where sometimes the appraised value price is less than what the buyer and seller has agreed on leading to new negotiations.
2011-11-05 30-year fixed home loan rates keep on going down
According to Freddie Mac the 30 year home loan rates are down to 4 percent this week. The European debt crisis can have something to do with the rates going down.
2011-11-04 Navy Pier in Downtown to become Park space
There are plans on the horizon for a new park in the Columbia District in Downtown San Diego right where the Midway Aircraft Carrier Museum is located. The plan that is up for discussion is to redevelop the pier into green park space, retail and symphony concerts.
2011-11-03 Can you refinance?
Are you having questions in regards to if you can refinance or not? The San Diego Union Tribune is in this article giving you a how-to guide to refinacing.
2011-11-02 American builders are starting to spend more money on home construction
MercuryNews.com are mentioning in a recent article that builders have been starting to spend more money on homes, roads, public schools and governement offices. Yet…we are still some time away from where the construction used to be.
2011-10-29 Developers in Downtown San Diego want to build next to Industrial Workplace
Downtown San Diegos developer wants to build more residential space in the Columbia District right by the waterfront and only a few hundred feet away from Solar Turbines. Solar Turbines has been in business for about 80 years in the same location and are now worried that this would lead to an environmental review.
2011-10-26 Home prices are going up on a month to month basis
CNN Money is reporting that home prices are slowly going up and that the month of August shows a 0.2 percent increase. The year to year comparison shows the opposite with a 3.8 percent down.
2011-10-25 iPhone apps if you are looking to buy a home
An iPhone app has been created to purchase homes, condos and lofts. This is a revolution in an attempt to simplify and expedite the sales process of purchasing a new home. Millions of people already use one of the iPhone models and with Apple pumping out newer models all the time Im sure that that number will keep risingwho knows maybe this will be the number one way to purchase a home in the years to come.
2011-10-24 The Pacific Gateway Project in Downtown San Diego – Delayed again
The Pacific Gateway Project by developer Doug Manchester in The Columbia District of Downtown San Diego was approved about 20 years ago but has not been built due to financial issues. The California Coastal Commission is about to have a new meeting where they might indicate that there will need to be a new approval to get this project going.
2011-10-23 Downtown San Diego Office Market is Recovering
The office market in Downtown San Diego as well as in the San Diego County is showing signs of a slow recovery. Vacancy numbers are getting a little bit lower and the average rent for office space has slightly gone up.
2011-10-22 Should Downtown San Diego be renovating or rebuilding?
Downtown San Diego has many old buildings with a lot of character and some residents believe that they are in need of renovation while others believe that they just need to be destroyed and rebuilt into something new. Check out this article on why renovation should be the remedy used in the East Village District.
2011-10-20 Buy a house and get a U.S. Visa
As the housing market has had its quirks…we are now looking for more foreign investments. So up for debate is…should foreigners possibly get a Visa if they would buy real estate for at least $500,000?
2011-10-19 Marina Cortez Project approved for renovation
Harbor Island…right outside Downtown San Diego is about to start renovation of the main and supporting buildings as well as creating an elevator tower and a waterfront promenade. The Port of San Diego approved the plans on its meeting October 11th,2011.