Posts Tagged ‘ San Diego ’

San Diego housing downturn could be approaching bottom

Oct 21st, 2008 | By RT Staff | Category: West Region

An unusual September jump in home sales, together with the biggest monthly drop yet in prices, could be early signs that San Diego County housing is approaching the bottom of a three-year-old downturn, industry experts and observers said yesterday.
MDA DataQuick reported that the median price for all homes dropped $22,000 from August to stand at [...]



Cost of renting an apartment in San Diego remains stable

Oct 16th, 2008 | By RT Staff | Category: West Region

While home prices continue to fall, the cost of renting an apartment remains stable in San Diego County, according to a new survey by the research firm RealFacts Inc.
The average monthly cost of renting within complexes of 100 or more units increased less than 1 percent in the third quarter to $1,405, according to a [...]



Decline in Housing Sales Impacting Vacancy Rates

Sep 12th, 2008 | By RT Staff | Category: West Region

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 [...]



San Diego foreclosures hit new record in July

Aug 21st, 2008 | By RT Staff | Category: West Region

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 [...]



San Diego out of housing market cellar

Aug 20th, 2008 | By RT Staff | Category: West Region

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 [...]