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!
2011-07-05 Big banks easing terms on loans deemed as risks
Two of the nation’s biggest lenders, JPMorgan Chase and Bank of America, are quietly modifying loans for tens of thousands of borrowers who have not asked for help but whom the banks deem to be at special risk.
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2011-07-04 Fourth of July events and fireworks in San Diego
Grilling burgers and spending all day at the beach are fine holiday activities, but nothing says Fourth of July like a grand display of fireworks.
2011-07-02 Rates on 30-year mortgages edging up
Freddie Mac’s weekly survey of what lenders are offering to A-credit borrowers, compiled Monday through midday Wednesday, pegged the typical rate for a 30-year fixed-rate home loan at 4.51 percent. That compared with 4.50 percent, 4.50 percent. and 4.49 percent in the three prior quarters. The 30-year rate had risen above 5% in February during a period of improving economic news.
2011-07-01 Would any of these designs, including one for stadium, work in San Diego?
Student projects from the NewSchool of Architecture and Design could inspire real-world work.
2011-06-29 San Diego tops list for working from home
Among workers in the San Diego metro area, 4.2 percent work from home, making the region the highest ranking metro area for teleworkers across the country.
2011-06-29 Home prices rise, snapping 8-month drop streak
According to the S&P/Case Shiller 20-city index, prices rose 0.7% compared with March, although they fell 0.1% when adjusted for the strong spring selling season. Prices were down 4% year-over-year.
2011-06-27 Mortgage rates are little changed
Mortgage rates changed little for a second straight week, according to the latest survey from Freddie Mac.
2011-06-26 Pending conforming loan limit decrease puts California on edge
With the conforming loan limits expected to drop in October, the California Association of Realtors warned of the impending harm to homeowners, while the only private-label securitizer left notified investors of more opportunities.
2011-06-24 Median time on market up in San Diego County
Realtor.com released its May report on the median age of inventory for San Diego County and 145 other markets in the U.S.
2011-06-23 New home sales fall
Sales of new homes fell 2.1% in May, after rising for two months in a row, as the housing market continues to struggle.
2011-06-22 Existing home sales drop 3.8 percent
Sales of existing homes fell 3.8% to a seasonally adjusted annual rate of 4.81 million, down from a revised rate of 5 million in April, the NATIONAL ASSOCIATION OF REALTORS reported Tuesday.
2011-06-21 Analyst: Rents to rise 4.5 percent for years
A new forecast projects rents will increase 4.5 percent annually on average through 2015. The report, by John Burns Real Estate Consulting, notes that “Wall Street and pension fund consensus, at least for apartments in good locations in coastal cities, seems to be that 25 percent-plus rent growth over the next three years can easily occur.”
2011-06-20 Horton rebuild promises amphitheater, restored park
Three options for the $8.5 million plan, due for city approval later this year, will be presented to the public Tuesday. The choices all include an amphitheater, kiosks, unique 30- to 40-foot lighting features resembling Mexican luminarias, and a water feature.
2011-06-19 Freddie Mac: 30-year mortgage rate levels off at 4.5 percent
Mortgage rates leveled off this week, according to a Freddie Mac survey that found lenders were offering 30-year fixed-rate loans to well-qualified borrowers at an average 4.50 percent compared with 4.49 percent last week and rates in the 4.2 percent range for a couple of months last fall.
2011-06-18 Foreclosures fall for 8th straight month
In May, foreclosure filings fell 33 percent from a year earlier and 2 percent month-over-month, according to RealtyTrac. The number of homes that were repossessed in May also declined to 66,879, down 3.8 percent from April and 29 percent year-over-year.
2011-06-16 Redevelopment bill passes, threatens local funding
The Legislature approved two bills Wednesday potentially ending redevelopment efforts in San Diego and throughout the state.
2011-06-14 More loan servicers added to $2B mortgage-aid program
More homeowners in the state are expected to be helped with the addition of 13 more servicers to a state program that’s expected to help 100,000 people.
2011-06-13 3 banks lose loan mod incentives
The Obama administration has punished three of the nation’s largest banks, judging them unworthy of receiving financial incentives through its signature foreclosure relief program until they improve their practices.
2011-06-10 Federal proposal would toughen debt restrictions on mortgages
Consumer borrowing is so rampant in America that most people who took out a mortgage last year to buy a home ended up spending more than a third of their income to pay that loan and other debts.
Now, a federal proposal would target these borrowers by making it tougher for them to get the cheapest mortgages. The initiative is part of a broader measure that aims to prevent another foreclosure crisis and could confront borrowers who do not meet certain conditions with higher interest rates and fees.
2011-06-09 Mortgage rates down, again
Every day, the San Diego Union Tribune will bring you an interesting quote from someone in the housing industry.