Archive for the 'Real Estate News' Category
OPEN HOUSE - Downtown, Watermark Sun 1-4pm
Filed Under categories: Downtown, Marina District, Real Estate News
posted by Kea on November 26th, 2008
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Open House Sunday 11/30, 1–4pm
Downtown San Diego, Marina District
Watermark, 650 Columbia Street #215
San Diego, California 92101
(between Market & G)
2 bedrooms+den, 2.5 baths
2 side-by-side parking spaces
Hosted by: Vicki Droz (619) 729-8682
Click here for map
7 Reasons to List Your Home During The Holidays
Filed Under categories: News You Can Use, Real Estate News, Selling
posted by Kea on November 20th, 2008
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Buyers are looking all year long!
1. Less Competition - There are fewer homes on the market.
2. Buyers looking during the Holidays are serious and ready to make a decision.
3. December has one of the highest percentages of sales relative to the number of new homes that are listed on the market.
4. Holiday decorations can make a home look warm, festive and more inviting.
But First, This Is Downtown Today
Filed Under categories: Buying, Columbia District, Core, Cortez Hill, Downtown, East Village, Gaslamp Quarter/ Horton, Little Italy, Marina District, News You Can Use, Real Estate News
posted by Kea on November 5th, 2008
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CCDC’s Summer/Fall 2008 Downtown Magazine Is Here!
This bi-annual publication provides all of the latest updates and developments in downtown including, going green, parking, lighting, San Diego Civic Center, Harbor Drive Pedestrian Bridge, Tweet Street Park, parking, Affordable Housing, Balboa Theater restoration, North Embarcadero Visionary Plan updates, Education Fair, Children’s Museum and San Diego Quiet Zone. CCDC, Summer/Fall Issue 59.
Click here to read Downtown Today Summer/Winter 2008
Common Sense Prevails in Uncommon Market
Filed Under categories: Buying, News You Can Use, Real Estate News
posted by Kea on November 3rd, 2008
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“Buy A Home – – Or Wait?”
Common sense still prevails in an uncommon market. No one can predict the return of market profits, or the bottom of real estate prices - and they shouldn’t try to predict real estate as an investment. Real estate is still a tangible investment and its’ tangible qualities are more important than ever. While a home holds monetary value, it holds emotional and permanence values. You can live in your home. You can design your home. You can raise your family in your home. So buying a home now will not necessarily improve your portfolio immediately, but it’s an investment you can use and that will be yours when the economic tide turns.
Time To Celebrate…..almost
Filed Under categories: Buying, Finance, News You Can Use, Real Estate News, Selling
posted by Kea on September 10th, 2008
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It’s not time to pop the champagne, but it may ease the jitters felt by millions of homeowners, lenders, realtors now that the Feds have moved forward on a necessary takeover and restructuring of the mortgage giants, Fannie Mae and Freddie Mac.
Treasury Secretary Henry Paulson has organized a well-designed plan for not only placing the companies into the hands of the government for reorganization but restored the ability of the principles of free-market competition to prevail. By limiting the power of these greedy giants with unfair advantages, it will allow competition and innovation back into the industry and ultimately, fair practices and better pricing and safe guards for the consumer.
Jed Clampett Was Right!!!
Filed Under categories: News You Can Use, Real Estate News
posted by Kea on June 19th, 2008
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In case you don’t know who he is, check out one of the cable channels and watch some episodes of “The Beverly Hillbillies”. Ole’ Jed figured it out long ago that if you discover oil in your yard or a pile of dough under the mattress, “California is the place you want to be…”
The news on the housing market continues to paint a bleak picture and if the information is to be believed at face value, every other home on every block is in foreclosure. But, let’s take a closer look and put those numbers into perspective.
What Housing Recession?
Market’s blues aren’t flattening prices of coastal homes and mansions
San Diego Metropolitan, By Alan Nevin
RENTING VS BUYING: The Debate Continues
Filed Under categories: Buying, News You Can Use, Real Estate News
posted by Raye on June 3rd, 2008
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The following article from the New York Times is one of the best arguments for considering buying that has been written in a very long time. And, the best thing about it? It’s written by a reporter committed to renting - up to now. Although different regions of the country are experiencing different degrees of housing market pains, almost everywhere and every price point is reporting significant decreases in home values. Isn’t the obvious staring us in the face? It means it’s a great time to buy! Duh!
Click here to read NYtimes article: As Home Prices Drop Low Enough, a Committed Renter Decides to Buy
Downtown San Diego Market Overview
Filed Under categories: News You Can Use, Real Estate News, Real Estate Stats, Selling
posted by Raye on May 1st, 2008
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Latest Statistics for Downtown
San Diego Real Estate
The following graphs and charts prepared by MarketPointe Advisors are informative and helpful in fairly analyzing the current market in downtown San Diego. Because it is the new home market that has been most severely affected, the downtown has not taken the deep plunge seen in other markets. In fact, the case can be made that we have already hit our bottom and this could be our turn around year.
So far in 2008, the numbers look as good or better than 2007 for the 92101 zip code.
Click here to view MarketPointe Downtown San Diego Housing Market Overview
The MarketPointe Housing Market Overview includes statistics for the following Downtown topics:
1. Map of New Homes For Sale Downtown
2. Downtown San Diego New Homes Sales Trends
3. Downtown’s Best Selling Projects
4. Downtown San Diego New Home and Resale trends
5. Downtown New Home Inventory, Conversions and Resales
6. Resale, Days On Market
7. Downtown San Diego New Home Pricing Trends
8. Downtown San Diego Resale Pricing Trends
9. Downtown Proposed ActivityClick here to view the full report
San Diego: Still Want To Rent??
Filed Under categories: Buying, Finance, News You Can Use, Real Estate News, Real Estate Stats
posted by Raye on April 22nd, 2008
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When a market changes from a seller’s to a buyer’s market, it’s not uncommon to for sellers to try and rent and “wait it out”, if they can and for buyer’s to rent and sit on the sidelines licking their chops and waiting for “deals”. But, at some point, it becomes self-defeating trying to time that ubiquitous “bottom” and it’s time to get on with it!
Following are some statistics that should every current renter should know before signing another year lease:
The Department of Commerce reports that between 1995 and 2004, the average renter accumulated a little over $4,000 in net worth.
The average homeowner accumulated $184,400. That translates into $180,000 more, or $1,500 per month.
In other words, each month that the average first-time buyer continues to rent, it costs them $1,500 in lost wealth accumulation.
Furthermore, renters are subject to rent increases as well as higher tax rates because they cannot take a mortgage deduction.
San Diego Housing Market: Time To Jump In?
Filed Under categories: Buying, News You Can Use, Real Estate News
posted by Raye on April 21st, 2008
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The following article published in the usually negative San Diego Union Tribune on April 20, 2008, finds the silver lining in the declining housing market. It’s fairly obvious – it’s time to buy! Or, at least start looking around for a near future purchase. Will prices dip even further? Maybe, maybe not. No one, including the so-called experts can predict the bottom of a market. It’s so clear in hindsight. But, one thing is clear: real estate runs in cycles and we all agree we are in the downward part of the cycle and prices are adjusting. Affordability in the San Diego housing market is becoming a reality for more and more buyers. So, what are you waiting for?
Click here to read the entire article Silver lining in the midst of more bad housing news The San Diego Union Tribune by Dean Calbreath