San Diego real estate blog - Peter Toner

The California Association of Realtors (CAR) announces State of Housing results.
The CAR has found that weaker than normal job markets have failed to prevent the real estate market from slowing down. Baby Boomers (aged 41 to 67) make up about 40 percent of the market and have growing wealth that fuels sales.
First-time home buyers, those [...]

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Under Propositions 60 and 90, adults 55 and older can purchase a home of equal or lesser value than their existing home and transfer the current taxable value to their new home. This allows those who qualify to avoid higher taxes when changing homes within San Diego County. Proposition 90 specifies that residents of other [...]

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Marcus & Millichap, a commercial real estate firm that has ranked 42 metro areas in a report, is predicting San Diego to have the second strongest apartment market in the nation this year. This rating is fueled by job growth and short supply of rental housing. Factors affecting this rating include new construction, housing affordability, [...]

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The California Association of Realtors is considering 2004 a record year for California home sales with the highest prices ever recorded and a double-digit increase in the price of single-family homes, occurring for the third consecutive year. Because one in nine Americans is a Californian, this massive inflation affects the entire country. Median home prices [...]

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San Diego’s rash of rainfall to affect the County with negatives as well as positives -
After several years of below-average rainfall, San Diego County’s reservoirs have dropped to below 50 percent holding capacity. This year’s rash of rainstorms have begun to fill up the county’s water reserves but such drought has begged this season’s weather [...]

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David Savageau, an expert on retirement communities, has just published his sixth edition of his 324-page guide to the 203 “Retirement Places Rated.” In his guide, San Diego comes up at an overall 5th place for retirees ages 55 and up. This ranking is based on household income (San Diego ranks at $92,800), home prices [...]

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The San Diego Police Department ranks second to lowest in overall crime rates among the 10 largest U.S. cities. Paradoxically, San Diego has the lowest officer to civilian ratio among the same ten cities. The Department frequently refers to this concept as “doing more with less.” In the early 1970s, as the City of [...]

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Many new laws, including various real estate and insurance laws, have gone into effect beginning in 2005 that will help to protect the rights of the people.
In real estate, landlords who wish to evict tenants will have to provide a copy of the notice that was the basis of the action, proof of service of [...]

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The California Association of Realtors recently released the “Survey of California Sellers,” a report giving statistics on the behaviors of sellers as compared to both buyers and to previous years. According to the survey, rising interest rates are prompting sellers to trade up and purchase second homes, putting pressure on the current market. Close to [...]

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Fortunately for the Downtown San Diego real estate market, 2004 has been a good year.
Record numbers of condominiums (2,100), hotel rooms (580), and parking spaces (4,603) were built, raising the cost and the awareness of living Downtown San Diego. The majority of the boom has spawned from the opening of Petco Park in March [...]

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