Market News
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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!
2011-03-24 U.S. new home sales hit historic low
The previous trough for new home sales was an annual pace of 274,000 in August 2010. February’s pace 250,000.
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2011-03-23 Defining subprime: easier said than done
The Securities and Exchange Commission is investigating whether Fannie Mae and Freddie Mac’s disclosures to investors of subprime and other risky mortgages may have misled investors about their decisions to take on more risk.
2011-03-22 Home resales fall 9.6 percent in February
The NATIONAL ASSOCIATION OF REALTORS on Monday said sales of existing homes declined to an annual rate of 4.88 million units from an upwardly revised 5.4 million units in January.
2011-03-21 Realtors: Prices, sales fall throughout nation in Feb.
The National Association of Realtors in its monthly report said existing sales throughout the U.S. fell in February, with cash sales making up about one-third of transactions.
2011-03-20 SEC moves to charge Fannie, Freddie execs
The Securities and Exchange Commission is moving toward charging former and current Fannie Mae and Freddie Mac executives with violations related to the financial crisis, setting up a clash with the housing regulator that oversees the companies, according to sources familiar with the matter.
2011-03-19 A world without Fannie Mae and Freddie Mac
Michael Lea, director of San Diego State University’s Corky McMillin Center for Real Estate, gives his views of the federal proposals to phase-out Fannie Mae and Freddie Mac.
2011-03-18 Freddie Mac: U.S. mortgage rates fall amid Japan crisis
Rates for both 30-year and 15-year fixed loans fell across the U.S. this week, according to Freddie Mac’s weekly survey.
2011-03-16 San Diego home prices, sales slightly up in February
About 55 percent of February resales in San Diego County were either foreclosures and short sales that took several months to close.
2011-03-15 Bank of America offering aid to military borrowers
New banking programs that will help military homeowners are expected to have a greater impact on San Diego County than most U.S. areas, given the region’s big military presence.
2011-03-10 California labor market recovery to go more slowly than predicted, report says
A new forecast projects that California’s labor market recovery could take even longer than previously thought, and the state’s unemployment rate will remain in double digits until early 2013, according to UCLA economists.
2011-03-09 Short sales are rife with issues
A survey of more than 2,000 members of the California Association Realtors shows high dissatisfaction with the short sale process. Issues include burdensome requirements, long delays and lack of communication.
2011-03-08 Bank regulators push for principal write-downs
The nation’s biggest mortgage services received a proposal from state attorneys general and federal regulators last week that outlines formulas they would be required to use when considering borrowers for loan modifications. If accepted by lenders, the formulas would force them to offer more borrowers principal write downs.
2011-03-07 FHA powers what’s left of the home market
As the government moves to reform the mortgage market, the Federal Housing Administration is heading for some changes that could limit borrowers’ access to the loans, or at least make them more expensive.
2011-03-06 Mortgage basics: What you need to buy, refinance
The San Diego Union Tribune talked to mortgage experts for a consumers guide on the ins and outs of financing and refinancing in today’s real estate market.
2011-03-04 Fannie Mae CEO discusses future of lending
Fannie Mae’s president and CEO discusses the future of the mortgage-lending market and housing trends at the University of San Diego’s annual real estate conference at the Hilton San Diego Bayfront.
2011-03-03 Foreclosure activity drops sharply nationwide
Filings fell 14% from January and 27% from a year earlier, according to RealtyTrac. The decline is attributed to a major overhaul of the process and court challenges by homeowners.
2011-02-25 Search your ZIP: San Diego foreclosure data, Jan. 2011
Interactive spreadsheet: This is the first time the Union-Tribune has presented San Diego County foreclosure and mortgage default numbers in this format.
2011-02-24 San Diego foreclosures up 34% in January
More San Diego County homes were foreclosed on in January than in December, according to figures from DataQuick Information Systems.
2011-02-23 San Diego home prices up 1.7% year-over-year
Economic experts said San Diego and some parts of California are faring better than other U.S. areas in terms of rebounding from their record lows.
2011-02-22 The San Diego Convention Center in Downtown San Diego: If we expand, will more people come?
Analysts predict an expanded center will bring hundreds of thousands more conventioneers each year, but San Diego will face increased competition as other Western cities also look at enlarging their centers.