The slumping housing market, which has fallen 30 percent since its peak in late 2005, should provide a boost to San Diego’s traditionally tight rental market, according to Marketpointe Realty Advisors.
The local market research firm said 71 new home and condo conversion projects totaling 4,930 units have been taken off the market since 2006, including [...]

So the boarded-up, foreclosed house across the street finally sells at a fire-sale price, saddling the entire block with a new reality: prices are falling, and so are property values up and down the block. Right? And that means property taxes on that block should be reduced accordingly, right?
Er, wrong, according to the assessor’s office [...]

Californians rave about year-round sunshine, temperate climate and easy access to surfing, snowboarding and everything in between. But when it comes to getting the most out of their homebuying dollar, they’ve got nothing on homeowners in the Midwest, a new study suggests.
Eight out of the top 10 most expensive housing markets in the U.S. are [...]

As Southern California faces the clean up of the new home market crisis, Capitol investors are looking for opportunities to invest. MarketPointe Realty Advisors, Inc. analysts went back to January of 2006 to identify all Southern California distressed projects, those whose initiative to complete their original plan didn’t come to fruition. The second quarter update [...]

Economists say the larger-than-expected rise in July U.S. existing home sales doesn’t necessarily point towards stabilization, since more than a third of the sales are related to foreclosures. They also note that a record high inventory level will put downward pressure on prices going forward.The annualized pace of sales in the National Association of Realtors [...]

Home foreclosures may be slowing, and though prices continue dropping, sales are up, possibly indicating a bottom to the national housing crisis may be nearing, some experts say.Home sales in Solano County were up more than 45 percent in July over last year, according to DataQuick Information Services. At just over 47 percent, only Napa [...]

Those waiting for signs that the housing slump is nearing an end were disappointed Thursday, as MDA DataQuick reported 2,004 San Diego County homes went into foreclosure in July, a 9 percent increase over June and a jump of nearly 213 percent over last year.
The July foreclosure tally was a record high since DataQuick began [...]

There’s a silver lining in San Diego’s slumping housing market: improved affordability.
The National Association of Home Builders yesterday ranked San Diego County as the nation’s 20th least affordable metro area, a major improvement from four years ago, when the region was ranked the most unaffordable market in the nation.
It was the best ranking San Diego [...]

Bay Area home prices plunged to a 53-month low in July as a brisk business in foreclosed properties depressed prices and buoyed sales volume, according to a real estate report released Tuesday.
The median price for both new and resale homes and condos stood at $470,000, down 29.3 percent from a year ago, according to MDA [...]

How much is your house worth in this turbulent market? That’s the question on the minds of many Bay Area homeowners, but it’s become increasingly tough to answer, even for the pros.
Instability in the region’s housing market is making it difficult to determine values, according to mortgage brokers and real estate appraisers. “It’s miserable,” said [...]