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!
2011-07-29 Distressed BofA borrowers in Calif. now have chance of principal reduction
Bank of America has joined a growing list of servicers in a statewide program willing to lower the loan balances of certain customers.
Read the Article
2011-07-28 What credit downgrade would mean for mortgage rates
See what readers said about the potential hike in mortgage rates if the country’s credit rating is downgraded.
2011-07-27 What would U.S. credit downgrade mean for mortgage rates?
Would consumers pay more to own a home, if the U.S. government’s credit rating were to be downgraded?
2011-07-25 Short sales, long waits: Buyers and sellers find process frustrating:
Short sales are among the most arduous real estate transactions, often taking six months or more to close — if they get done at all.
2011-07-24 Home prices in May down 6.3 percent
Home prices nationwide fell 6.3 percent in May from a year earlier as foreclosures weighed down values and purchases slumped, the Federal Housing Finance Agency said.
2011-07-23 Mortgage rates holding steady
Rates on 30-year fixed mortgages averaged 4.52 percent this week compared with 4.51 percent the week prior, Freddie Mac reported.
2011-07-21 June foreclosure activity
Foreclosures and notices of default recorded in San Diego County.
2011-07-20 Where was the highest foreclosure activity in June?
The Union-Tribune’s Top 10 lists of neighborhoods in San Diego County with the highest rates of foreclosures and mortgage defaults per 1,000 homes.
2011-07-18 New law gives added protection to short sale hopefuls
Gov. Jerry Brown signed a bill into law that ensures any lender can’t go after a homeowner for deficiencies after a short sale has closed.
2011-07-16 June home prices, sales for San Diego
Here’s a visualization of home prices and sales for June in San Diego 2011.
2011-07-15 New free credit scores: What you need to know now
New credit score disclosure rules issued by the Federal Reserve Board on July 6 require lenders to supply potential borrowers with their scores if they are denied credit or offered less favorable terms because of those scores. Starting on July 21, applicants denied for credit cards, student loans and auto loans will see their scores.
2011-07-14 Foreclosures plunge in first half of 2011
Foreclosure filings plunged 29 percent compared with the same period a year ago and were down 25 percent from the last six months of 2010, according to the latest report from RealtyTrac.
2011-07-13 How did home prices change in San Diego by region?
Here’s a regional breakdown using DataQuick numbers for June.
2011-07-12 Investors to the rescue of housing market
Real estate investors will outnumber traditional borrowers 3 to 1 during the next two years, according to a new survey by Move Inc., helping clear millions of repossessed properties from banks’ books and pave the way for a recovery.
2011-07-11 Public can offer input on Convention Center expansion
Members of the public interested in helping influence the design of a planned expansion of the San Diego Convention Center are invited to meetings that will be held next week.
2011-07-10 Obama administration boosts aid for unemployed homeowners
The Obama administration announced yesterday an extended forbearance program that allows unemployed homeowners with FHA mortgages who are enrolled in the Making Home Affordable program to miss up to one year of mortgage payments before the foreclosure process begins.
2011-07-09 How to appeal your property-tax assessment
If you’re a property owner in San Diego County and don’t agree with your tax assessment, you can fight it. Here’s how.
2011-07-08 San Diego recovery might not come till 2017
Limited capital sources, inflation fears point to a slow recovery from the recession, Apartment Association says.
2011-07-07 Mortgage rates trending higher
30 year fixed rate loans averaged 4.6 percent this week, up from 4.51 percent a week earlier, Freddie Mac reported Thursday.
2011-07-06 City redevelopment could lose $70 million
Forty percent cut this year likely means delays in neighborhood improvements, jeopardizes larger projects, like Chargers stadium and the San Diego Convention Center Expansion.