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September, 2007
6 Reasons Why Downtown San Diego isn’t Over Built
September 26th, 2007 categories: Buying, Columbia District, Core District, Cortez Hill, East Village, Gaslamp District, Little Italy, Marina District, Real Estate News
The market is bad, homes are over priced, inventory is too high and interest rates are terrible….sound familiar? Well is that really the case? Having been in the business for three years, I’ll admit, this is still somewhat new to me. It’s true, I’m not as experienced, or as old, as some of my colleagues. However, I have been in the business long enough to know that bad news sells better than good news and that older isn’t always better.
Here are a few highlights on an article that Alan Nevin wrote in the September issue of the San Diego Metropolitan magazine.
| Discussion: 19 Comments »
Do you need a Korean Realtor in San Diego?
September 25th, 2007 categories: Buying, Denny Oh, Selling
My parents moved from South Korea to Los Angeles before I was born and in 1980, they moved to Redondo Beach and they had me. It was in Redondo Beach that I grew up and then moved to San Diego for college in 1998. I attended the University of California, San Diego and majored in Communications. Since then, I haven’t wanted to live anywhere else. I love San Diego and everything about it.
| Discussion: 1 Comment »
Mortgage Rates Rise in Response to the Fed’s Rate Cut
September 21st, 2007 categories: Real Estate Finance
On Tuesday, the Federal Reserve announced that it was lowering both the Feds Fund Rate and the Discount Rate .5%. Many expected that this bold move would translate to lower mortgage rates. However, in the days following the Fed Rate Cut, mortgage rates actually moved higher as traders became fearful that the cut may lead to higher inflation over time.
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Red Bull Air Races in San Diego
September 19th, 2007 categories: City Life, Events
Downtown North and South Embarcadero
If you haven’t heard already, the Red Bull Air Races are coming to San Diego! Red Bull has chosen San Diego to be one of only two US cities to host this worldwide event this year (the other being Monument Valley in Utah). This year’s other hosts include Abu Dhabi, Rio de Janeiro, Monument Valley, Istanbul, Interlanken, London, Budapest, Porto and Perth.
| Discussion: 1 Comment »
Will the Feds cut the discount rate on September 18th?
September 7th, 2007 categories: Real Estate Finance, Real Estate News
It seems that is the question everyone is debating these days. Today’s economic news may mean a Fed Rate cut is again more likely.
According to the Labor Department, we actually lost 4,000 jobs when expectations were that we would add 100,000 to 110,000 new jobs. The Labor Department also adjusted the numbers downward for the previous two months. This months loss was the worst Job Report in 4 years. Although this is bad news for many, the poor Job’s number helped lower mortgage rates today.
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Anthology - Live Music and Great Food
September 5th, 2007 categories: Little Italy, Nightlife
Anthology 619.595.0300
1337 India Street, Little Italy
Hours: Tues-Thurs and Sunday 5:30–11:30pm
Friday and Saturday 5:30pm–1am
Closed on Mondays
Click here to see who’s playing when
So what’s all this talk about a new bar? Is it a restaurant? A lounge? Well, the answer is, all of the above. In the words of the owners, Anthology is…
It’s food. It’s music. It’s an unprecedented collaboration.
Jazz, Blues, Soul, Classic Rock, R&B and Latin are in
harmony with cuisine entirely dedicated to delighting the
epicurious. Two world-renowned chefs create California
fresh masterpieces, while musicians set the rhythm in a
state-of-the-art venue. The “supper club” is back - great
music and fine cuisine will never again perform solo.
| Discussion: 1 Comment »
Downtown San Diego Condo Sales up 23.7%!
September 4th, 2007 categories: Buying, Real Estate News, Sales Statistics
So what’s going on with the Downtown real estate market? Is the bubble going to burst? Has it already? Well here’s just a snapshot of what’s recently been going on. In July of 2006, there were 48 sales in the 92101 area. Most condos were on the market for 92 days and the average asking price for a condo was $646,467, while the average sales price was $642,287 – a 0.7% discount. July of 2007 sold almost 13% more condos, with 55 sales, but the average sales price dropped to $602,621 – a 4% discount.
Now on to August….
| Discussion: No Comments »
