housing market

SAN DIEGO RANKS LAST FOR BUILDING WEALTH



 
 
By Ed Barrena
 
October 29, 2015 (San Diego) - San Diego is the worst major metropolitan area to build wealth, according to a report by financial website Bankrate.com.  The findings may not be entirely surprising to residents of San Diego, where rent and mortgages continue to climb and wages remain fairly stagnant.

LOCAL HOME SALES JUMPED 15 PERCENT IN MAY

 

June 12, 2013 (San Diego) – Local home sales were strong in May and median prices continued to rise steadily, according to the latest housing statistics from the Greater San Diego Association of REALTORS® (SDAR).

Detached home sales increased 15 percent in May compared to April, and about 10 percent from last year. Properties also continued to be scooped up fast, with an average of only 54 days on the market. The median price of detached homes increased to $466,000 in May. That’s up 4 percent from the previous month, and 22 percent from May of 2012. The median price of attached properties was up nearly 6 percent from April, and 33 percent from a year ago. Condos and townhomes surpassed the $300,000 median price, which, according to SDAR’s statistics, hasn’t been topped since March 2008.

HOMEOWNER'S GURU: IS IT A GOOD TIME TO BUY OR SELL A HOME?

 

 

By E.V. Small

February 5, 2013 (San Diego County)--For the past two years this question was extremely easy to answer. The combination of historically low interest rates and abundant inventory due to the record number of foreclosures has resulted in the lowest housing cost in decades.

SUSAN DAVIS URGES PRESIDENT TO APPOINT HOUSING AGENCY DIRECTOR, BYPASS SENATE STONEWALLING


February 1, 2012 (Washington D.C.)--
Congresswoman Susan Davis (D-San Diego), along with 27 other members of Congress, called upon President Obama to make an immediate appointment for the Director of the Federal Housing Financial Agency (FHFA).


“Reigniting the American Dream and expanding on our nation's economic recovery is contingent on restoring the housing market to the pillar of economic strength it once was," said Rep. Davis.  “We need a director in place at FHFA who can guide that effort and help middle class families avoid foreclosures and keep them in their homes.”