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!
2011-10-18 Is the Real Estate Profession a woman’s world?
According to a recent study performed by Trulia.about 60% of real estate professionals in the U.S. are women.
Read the Article
2011-10-17 Avoid foreclosure by using your 401(k)?
Home owners including Downtown San Diego Condo and Loft owners could take out money from their 401(k) to save their home from forclosure without having to pay the usual tax penelty. Anyways…that is what the proposed legislation would amend.
2011-10-15 What to do with vacant bank owned homes?
There are a lot of vacant bank owned homes out there and one questions is…should we try to do something with these homes? Demolition and rental home suggestions has been up for discussion.
2011-10-14 Big plan ahead – Upper East Village in Downtown San Diego
Upper East Village is something big that is on the plans. How about a pedestrian new neighborhood with lots of trees?
2011-10-12 Incentives from banks for completed short sales
The dreaded short sale process is not so bad for some Downtown San Diego Condo and Loft owners as banks all over the San Diego County are offering incentives for completed short sales. Some as much as $35,000 lump sums. The banks are not giving any information on who will and who won’t qualify. They are only saying; Dont bother seeking out the incentives. If you qualify, they will come find you.
2011-10-11 Special tax for hotel owners will help pay for San Diego Convention Center Expansion
The San Diego City Council has decided to create a special tax for local hotel owners. The money will go towards the funding of the expansion of the San Diego Convention Center in Downtown San Diego.
2011-10-10 Rate of home ownership lower than in the year of 2000
According to the U.S. Census Bureau, the rate of home owner ship is now 1.1 percent lower that what is was in the year of 2000. In April 2010, the rate fell to 65.1 percent.
2011-10-09 Mortgage rates low but not too many qualify
Even though mortgage rates are super low not that many qualify to take advantage of this. Many Downtown San Diego Condo and Loft buyers that do qualify has most likely already bought their home or are in the process of buying.
2011-10-08 The Chargers wants to cancel Convention Center Expansion plans
The Chargers wanta to have a stadium here in Downtown San Diego. One topic that is up for discussions is to cancel the San Diego Convention plan expansion so that they can build the new stadium instead.
2011-10-07 Califoria Home Prices 7th Biggest Drop
The 7th biggest drop in all the states in regards to home prices goes to California with a fall of 6.2 percent compared to last year.
2011-10-06 Mortgage Applications Declining
Even though the mortgage rates are super low…mortgage applications declined with 4.3 procent this last week. They say the reason is the Federal Reserve is investing in longer term Treasury and mortgage securities.
2011-10-05 Does everyone want to purchase a home?
The latest studies shows that Americans are still wanting to buy homes but they are in no hurry to do so. Potential buyers seem to be more cautious about about how they spend there money after seeing huge losses others have taken on their properties. In a survey of 300 people, more than 68% of buyers that responded believed that it was a good time to buy.
2011-10-04 Architect Ruocco will be remembered
The new Ruocco park in Downtown San Diego was one of Ruoccos contributions to the city as he started a fund 25 years ago. His name is to be remembered this week at a 50th anniversary gala in Balboa Park.
2011-10-03 Are incentives closing the deal?
Incentives always sounds good in any kind of sales transaction of a Downtown San Diego Condo or Loft. It doesn’t matter if the home is big or small. Do these incentives close deals? They might…or are they only little bits to sweeten the deal and get leverage on a buyer?
2011-10-01 Cruise season starting in Downtown San Diego
If you been over to the waterfront in the Columbia District the last couple of days…you must have seen the three big cruise ships laying by the pier. The Port of San Diego welcomed the ships with a short ceremony.
2011-09-30 Update – Construction of the New Downtown Library
There is a certain negative context to this Headline about the development and Construction of the New Downtown San Diego Central Library located in the East Village. However, the information given is quite good: Expectations for private Donors are positive (especially with potential Library Naming rights up for grabs), Construction is at a 45% completion rate, currently $3 million under budget, and on target for an ontime completion date of July 2013.
2011-09-29 Mortgage Fraud Skyhigh
The number of people that have been misrepresenting themselves in order to gain real estate has increased considerably. A wide number of reasons is the cause of this; from people saying they make more than they do, to stealing others social security numbers to put on loan documents.
2011-09-29 Chargers Stadium combined with the Convention Center Expansion?
For anyone interested in keeping up with the debate and developments of a new Dowtown San Diego Chargers Stadium, this article is a must read. Chargers express their motivation to the Union Tribue this week to combine the plans for a new East Village Stadium with the current plans to improve and expand the current Downtown San Diego Convention Center Space.
2011-09-28 Short sales less popular among first time home buyers
Fist time buyers looking for Downtown San Diego Condos and Lofts are getting turned off by the short sale approach. Buyers are saying that the big discounts in the sales price aren’t an even trade off for the long wait they have to endure for the short sale process to take place. Sometimes buying a short sale property can be a funny game to play, some go through fast and some go through very slow.
2011-09-27 Hidden legal clauses with Foreclosures and Short Sales
With the number of short sales and foreclosures still on the rise, real estate professionals have some precautions to take. Downtown San Diego has seen a lot of these types of transactions lately and some looks like great deals while others have hidden legal clauses that don’t always get noticed.