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The housing cycle has taken an optimistic turn, which brings increased demand for design features and larger, higher priced homes.
Housing affordability fell for the sixth consecutive quarter in California, after reaching an all-time high in the spring of 2012, as significantly higher home prices shut out more California homebuyers during the third quarter of 2013, according to the California Association of Realtors (CAR).
San Diego trustee deeds increased 24 percent in October from September, but local experts say this isn’t the start of a trend.
Home prices in the San Diego-Carlsbad-San Marcos area, including distressed resales, increased by 22.1 percent in September 2013 compared to a year ago and rose by 1 percent from August, according to CoreLogic’s September Home Price Index (HPI) report.
There were 3,147 completed foreclosures in the San Diego-Carlsbad-San Marcos area in the 12 months ending in September, according to CoreLogic's September National Foreclosure Report.
Home prices in the San Diego metro area are up 22 percent from last year, while sales are down 17 percent, according to RealtyTrac’s September 2013 U.S. Residential & Foreclosure Sales Report.
LOS ANGELES -- The share of equity home sales in California continued to grow in September, now making up more than eight of every 10 home sales, the highest level in nearly six years.
The BioSpace life science publication reported the number of biotech employers posting jobs in Southern California rose 31 percent, year over year -- which could fuel the demand for additional biotechnology space.
Jerry Jacquet, principal at Meissner Jacquet Investment Management Services, points with pride to a photograph of a sleek racing car on the track at the Long Beach Grand Prix.
A Cassidy Turley report concludes the industrial vacancy rate fell for the seventh consecutive quarter during the first three months of the year -- ending at 9.3 percent -- its lowest level since mid-2011.The report tallied 366,165 square feet of net absorption for the first quarter. That meant that more than 4 million square feet of space has been absorbed countywide since June 30, 2011 -- equating to a quarterly average of 577,000 square feet.
There was a time, only a couple of years ago, when vast chunks of Class A office space in San Diego County were occupied during a flight to quality free for all. Now, it’s time for Class B to shine.
Real estate professionals talked about different approaches to innovation at a Pacific Coast Builders Conference panel discussion Wednesday.
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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.