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The year 2014 will likely be the year the Federal Reserve begins to take its training wheels off the economy to see if it can move forward on its own power, economist Lynn Reaser told a forum at the Liberty Station Conference Center on Friday.
Notices of default have reached a level of normalcy, and one San Diego real estate professional predicts they’ll stay in that range.
As the year comes to an end, holidays, children home from school and upcoming regulatory changes contribute to a seasonal slowdown in the housing market.
LOS ANGELES -- San Diego County’s share of distressed resales increased slightly in October from September, but was still down from October of last year, according to the California Association of Realtors (CAR).
Residential property sales and median prices in the San Diego metro area were mostly unchanged in October from September, but sales were down and prices were up significantly from 2012, according to RealtyTrac’s October 2013 U.S. Residential & Foreclosure Sales Report.
IRVINE -- Purchases of foreclosed homes at auctions jumped last month as banks benefited from surging prices and shunned approvals of sales by homeowners dumping their dwellings at a loss.
October marked the second straight month that U.S. resold home values declined while San Diego County's were a bit stronger, according to the Zillow Real Estate Market Report.
LOS ANGELES -- Despite the financial toll the recent financial crisis has had on Americans, homeownership remains a goal for the majority of renters, according to the "2013 Renter Survey" by the California Association of Realtors (CAR).
California home sales declined for the third straight month in October, while San Diego’s home sales increased by 9.7 percent from September, according to the California Association of Realtors (CAR).
Pardee Homes reported all 23 homes released for sale at its The Prestige Collection of Alta Del Mar in Carmel Valley have been sold -- and 13 custom home lots, out of 15, have been sold to date. Closings are underway with the first homeowners expected to move in this December, according to Ron Wilcox, sales representative for Pardee. Pricing is from $1.85 to $2.4 million.
San Diego area foreclosure filings dropped 57.4 percent in a year from October 2012, according to RealtyTrac’s U.S. Foreclosure Market Report for October 2013.
Thirty-two percent of San Diego County households were able to afford the county’s median-priced, single-family detached home in October, the price of which decreased in October from September, according to the HomeDex Report provided by the North San Diego County Association of Realtors.
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Lack of inventory isn’t the only factor keeping move-up and first-time buyers from entering the housing market — but the math behind their reasoning might not be in their interest.
“Optimism” was the byword of a residential real estate roundtable discussion sponsored by the Greater San Diego Association of Realtors last week at The Daily Transcript offices.
Local real estate professionals took a look back on 2013 while predicting what’s to come in 2014 at a recent roundtable discussion hosted by The Daily Transcript. The biggest change for buyers and sellers in 2014 will be the absence of investors come spring, they said.
Land sales in San Diego’s unincorporated areas indicate a healthy market, while a paradigm shift is causing high-end La Jolla homes to sit on the market.
Low housing inventory seems to be dictating other trends in the market: competition, prices and pocket listings.
The housing market took a turn six months ago with increased demand leading to higher prices and competition for inventory, according to a group of real estate professionals at a roundtable discussion hosted by The Daily Transcript.
Whether it is military downsizing, sequestration or a “fiscal cliff” that is fast approaching, it is already having an impact on commercial real estate.
Underwater borrowers in San Diego County are contributing to pent-up demand resulting from a lack of inventory, which is causing multiple offers on homes and prices to increase slowly, according to local real estate experts at a roundtable discussion hosted by The Daily Transcript and sponsored by the San Diego Association of Realtors.
A limited inventory of houses means the San Diego real estate market can stand to absorb a possible influx of foreclosures, local experts said at recent roundtable discussion at The Daily Transcript sponsored by the San Diego Association of Realtors and North Island Credit Union.
Experts in the residential real estate industry seem to be more upbeat than they were a year ago, but distressed sales and foreclosures continue to drag on the market.
Realtor Ghassan Aboukhater knows how to treat his high-end customers right. The Lebanese native grew up in the hotel business, worked for two Swiss banks, knows several dozen millionaires and billionaires, and speaks French and Arabic.
The current commercial real estate boom has meant good times for builders, developers, buyers and tenants. And lenders are prospering from the turnaround as well. One of the local lenders that has been a consistent supplier of financing is the real estate department of Torrey Pines Bank, which funded $425 million in new loans last year, up from $412 the prior year.
Alex Rojas founded Shore Point Real Estate in February 2012. Opening his own office has allowed Rojas to give back to his Pacific Beach community.
One could say that Tim Wright, senior managing director of HFF in San Diego, has assimilated quite well since coming from the Midwest to Southern California in the late '70s and "feeling like a foreign exchange student" at the University of California, Santa Barbara.
Southern California life may be laid-back, but at the San Diego office of Cresa Corporate Real Estate, the 12 brokers don't do laid-back.
June 26, 2104 -- George Chamberlin speaks with Leslie Kilpatrick, president of the Greater San Diego Association of Realtors, and Donald Coleman, vice president of real estate member experience for USE Credit Union, about what's happening in the residential real estate market and the role a credit union can play in buying a home.