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Home prices increase, foreclosures decrease

A strong housing market is bringing down the number of foreclosures in San Diego, resulting in decreased inventory of homes for sale and higher prices.

FHFA launches Streamlined Modification Initiative in July

Borrowers will not be required to document their hardship under FHFA’s new streamlined modification program launching in July.

Demand for medical office building space on the rise

Changes in health care and an aging population are expected to increase the demand for services, which will in turn increase demand for medical office space.

As homebuilding picks up, lot sales beginning again in San Diego County

San Diego County has not been the site of large residential land sales like Las Vegas or Phoenix for many years, but land brokers at one real estate firm here say they are the busiest they have been since the recession began.

Experts: A facility can change a place

San Diego wouldn’t be what it is today without the University of California, San Diego.

First step taken in IDEA District project

The San Diego Community College District has selected Lowe Enterprises and IDEA Partners to create the first project for the 38-block IDEA District in downtown San Diego's East Village.

OliverMcMillan continues Loft series in East Village

San Diego-based OliverMcMillan said construction is under way on The Lofts at 688 13th St. in the East Village.

Otay Mesa stagnant in first quarter, slowly improving

Industrial building sales on Otay Mesa were limited during the first quarter as vacancy remains a stubborn foe.

Improving economy, home prices bring down foreclosure filings

The county’s notices of default and trustee deeds increased in April from March, but the year-over-year downward trend continues.

Kilroy focuses on long-term strategy as net income, occupancies drop

Los Angeles-based Kilroy Realty, which owns 5.25 million square feet of mostly office space in San Diego County, saw a significant drop in its net income in 2013's first quarter, but is focused on a longer-term investment strategy.

SD ranked in top 25 markets for home flipping in '12

San Diego saw more than 2,800 house flips in 2012, but with rising prices and low inventory that number will likely fall in 2013.

Good times for BioMed, Alexandria life science assets

Both BioMed Realty Trust and Alexandria Real Estate Equities posted strong performances during 2013's first quarter.

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Up-To-Date Real Estate Statistics

Notices of Default

A notice recorded to show that the borrower has not made timely payments of interest and principal as required or met other provisions of a bond, mortgage, lease or other contract. Trails the performance of the San Diego County economy because it indicates borrowers cannot pay bills in a timely manner.

Trustee Deeds

A deed, or document that transfers the title of real estate, passes ownership of real estate in default to the buyer from the guardian of the trust deed. Tracks the movement of foreclosures in San Diego County.

Roundtables

With improving prices and Resales, realtors like what they see

“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.

Homebuyers, sellers may be surprised come spring 2014, experts say

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 indicate SD's housing market is healthy

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.

Real estate trends center on low inventory

Low housing inventory seems to be dictating other trends in the market: competition, prices and pocket listings.

Housing demand is up, inventory is low, and prices are increasing in San Diego

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.

Worry over 'fiscal cliff' impacts commercial real estate

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 further constrain low-inventory housing market

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.

San Diego County needs more homes on the market

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.

Foreclosures, distressed home sales still dominant in residential real estate

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.

Profiles

Torrey Pines Bank - William McLennan

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.

Shore Point Real Estate - Alex Rojas

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.

Berkshire Hathaway - Ghassan Aboukhater

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.

HFF's Wright sees high land value shaping market in San Diego

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.

Friedrich requires his Cresa brokers to be hunters

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.

SDAR Scoop

SDAR Scoop April 2014

Apr. 10, 2014 -- George Chamberlin and Leslie Kilpatrick, president of the Greater San Diego Association of Realtors, discuss recent jumps in home sales and prices. Also, Greg Stein of Millennium Laboratories introduces an effort to help home sellers secure their prescription medications before allowing buyers into their homes.

Real Estate Trends videos

CAR's Joel Singer on the business of real estate

April 3, 2014 -- George Chamberlin speaks with Joel Singer, CEO of the California Association of Realtors, who provided the keynote speech at the North San Diego County Association of Realtors' Conversations 2014 Real Estate Summit. Singer discusses the business of real estate and current market conditions.

Archived Reports

Real Estate Trends - 2013

Explore the latest industry trends, issues and market predictions.

Real Estate Trends - Fall 2012

Explore the latest industry trends, issues and market predictions.

Real Estate Trends - July 2012

Explore the latest industry trends, issues and market predictions.

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