san diego housing bubble: San Diego Median Home Price Falls 19% - 04/16/08 02:49 AM
DataQuick Information Services of La Jolla just released a report that showed San Diego's home sales dropped again for the 7th. month in a row. The San Diego March home sales fell 34.5%.
Over the past 20 years Southland sales have risen by an average of 38 percent between February and March. Last month's 18.1 percent increase from February was the lowest in DataQuick's statistics, which go back to 1988.  *To view the full post, please visit the San Diego real estate market blog
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san diego housing bubble: San Diego Home Values Take Huge Drop - 12/19/07 02:09 AM
 According to DataQuick Information Systems of La Jolla California, the median price of a home in the county for November fell 10% vs. November 2006. This marks the largest one-year drop recorded by DataQuick since it began keeping local records in 1988.
* To read the full post please visit the San Diego real estate blog. The exact page link is: http://www.brokerforyou.com/brokerforyou To subscribe to the San Diego real estate blog for free, our RSS feed is: http://www.brokerforyou.com/brokerforyou/?feed=rss2                                                 … (2 comments)

san diego housing bubble: San Diego California Condominium Value Declines - 11/26/07 01:32 PM
 
Brokerforyou looked at seven areas in San Diego (Chula Vista, Downtown, Fashion Valley, La Mesa, Mission Valley, Pacific Beach, and San Carlos) to provide a more accurate sales trend.  Keep in mind that we are still in the process of checking on seller concessions for the 2007 sales prices.  As seller concessions are very common today and can range up to 3% of the sales price, one must consider the facts noted below to actually be reflecting a milder decline vs. the real net to the sellers.
 
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The information on this page may not be … (2 comments)

san diego housing bubble: #1 Cause of San Diego Housing Value Decline - No, it’s NOT subprime loans! - 10/18/07 02:40 AM
Sure, a small percentage of home buyers, with poor credit, were taken advantage of by unscrupulous loan representatives between 2000 and 2005.  However, in the middle to upper end San Diego neighborhoods in which I work, this is not the problem.  
The simple truth is that the problem was GREED! 
Yes, greed and pure speculation were king in the San Diego real estate market heyday! One hundred percent loan purchases were ‘main-stream,’ while 110% and 120% refinancing were easy to obtain. The word was out:“Have good credit but do not make enough to purchase the larger property you desire?  No problem!   Just … (5 comments)

san diego housing bubble: San Diego Condo Values Plunge - 10/17/07 08:26 PM
For San Diego, the market top was around the summer of 2005. Since than, many neighborhood real estate values have been on a continuing decline. A very important point to keep in mind, is that most published sales data (including chart data below) do not reflect the very prevalent buyer concessions both the new and resale San Diego sellers are having to pay.  * To read the full post, please visit the San Diego real estate blog. The exact page link is:http://www.brokerforyou.com/brokerforyou/?m=200708 To subscribe to the San Diego real estate blog for free, our RSS feed is:http://www.brokerforyou.com/brokerforyou/?feed=rss2 
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san diego housing bubble: San Diego Real Estate — It’s Always Tough To Go Against The Majority Opinion - 10/15/07 06:37 AM
In the San Diego California real estate market in 2005 the real estate community and prevaling majority opinion was that all the real estate bubble talk was just that ....talk, based on on unfounded opinion. I guess I could have joined the crowd, but I had seen too many signs of trouble in our local market to join the joyful chorus.
Below is an editorial I wrote for my print newsletter in March 2005. Many, especially other real estate professionals, thought I was way out of 'reality' by my comments and having sold all my San Diego investment real estate in 2003. … (0 comments)

 
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