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!
2011-08-29 Is Downtown San Diego ready to change its economy?
Downtown San Diego attracts so many people for its special events such as Mardi Gras, games at Petco Park and Shamrock. They say that San Diego is a starting point for helping cities into the new, post-recession economy.
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2011-08-28 Mortgage refinancing among the most sensitive ever
The key issue for investors in mortgage backed securities are the capacity of banks to handle refinancings as these returns are now among the most sensitive ever.
2011-08-26 Fixed mortgage rates up a bit; 5-year hybrid loan at record low
Five year hybrid adjustable loans, which have a fixed rate for the first five years, were being offered at initial rates averaging 3.07 percent this week, Freddie Mac said in a report Thursday, down a touch from the previous record of 3.08 percent. The borrowers would have paid 0.5 percent of the loan amount to lenders in upfront fees.
2011-08-24 Sales Profiles Show Growing Number of Second-Home Buyers at The Mark
Downtown San Diego is a desired place to own a Condo or Loft and a lot of buyers are now buying their second and some even a third home here. The Mark located in the East Village/Ballpark District of Downtown San Diego has been a target for some of these buyers. The Mark, a 33 story highrise offers condos for all buyers in all price ranges from the $300s up to the 3 million price point.
2011-08-23 Freddie Mac alerts real estate agents to rising short sale fraud
Freddie Mac recently began reaching out to real estate associations and fielded more calls on a rising rate of fraudulent short sales
2011-08-22 Where was the highest foreclosure activity in July?
See which areas in San Diego had the highest concentration of distress last month.
2011-08-20 Denver’s stadium, downtown a case study for Chargers
San Diego Mayor Jerry Sanders visited Denver on Friday on the last leg of a three-city U.S. tour of sports venues and downtown entertainment zones designed to drum up ideas and interest for a new Chargers stadium.
2011-08-18 Expect a slow housing rebound
President Barack Obama on Wednesday said he expects the housing market will slowly rebound over the next two years as the overall economy heals from the recession. President Obama, speaking at a town-hall event in Illinois, said “it will probably take this year and next year for us to see a slow appreciation again in the housing market.” He said his administration has been pushing banks to modify loans for people who are having trouble paying their mortgages.
2011-08-17 Home prices up in 35 of 92 ZIP codes
MARKET UPDATE: Did they go up in your neighborhood? Check our list, based on real estate information from DataQuick.
2011-08-16 Sanders plans U.S. tour for Chargers stadium ideas
In his strongest show of support yet for building the Chargers a new football stadium, San Diego Mayor Jerry Sanders and three advisers will leave Wednesday for a three-day nationwide tour of downtown sports and entertainment districts to get ideas for what might work locally in Downtown San Diego.
2011-08-13 Meet San Diego’s Mr. Credit
Every week The San Diego Union-Tribune features someone or a topic related to residential real estate. This week, we feature Derrick Evens.
2011-08-12 Foreclosures fall for 10th straight month
Foreclosure filings were down 4 percent compared with June and were 35 percent lower than July 2010, marking the tenth straight month of year-over-year declines, according to RealtyTrac.
2011-08-11 Mortgage rates hit 2011 low
The 30-year fixed rate is now at 4.14 percent, the lowest it’s been all year, the real estate website says.
2011-08-10 Reaction to Fannie, Freddie Downgrade
Here’s a compilation of tweets and stories from around the U.S. on Standard & Poor’s decision to downgrade Fannie Mae and Freddie Mac on Monday.
2011-08-07 Home ownership hits lowest level since 1965
Last Friday, the Census Bureau reported that the percentage of people who owned a home had dropped to 65.9% during the second quarter, its lowest level since the first quarter of 1998 and a far cry from the high of 69.2% reached in late 2004.
2011-08-06 How will stock market’s performance affect housing?
Every week The San Diego Union Tribune features someone or a topic related to residential real estate. This week, we feature Richard Green, director and chair of the USC Lusk Center for Real Estate.
2011-08-04 San Diegans take the short-sale gamble
The San Diego Union Tribune gives you the ins and outs of transactions in which borrowers owe more on their mortgages than their homes are worth but the lender agrees to a discounted payoff.
2011-08-02 Assessor, tax collector’s office has new hours
County residents now have one more hours to file and retrieve key documents.
2011-07-31 San Diego Union Tribune real estate on the radio
Catch U-T reporter Lily Leung on the radio waves Friday to hear her talk real estate with a San Diego County personal-finance guru.
2011-07-30 What credit downgrade would mean for mortgage rates
See what The San Diego Union Tribune’s readers said about the potential hike in mortgage rates if the country’s credit rating is downgraded.