Tuesday, August 21, 2007

The San Diego Union Tribune - "Condo growth slowing down" (8-19-07)

"The ugly side of San Diego's condominium downturn is on display along Fifth Avenue. The bones of what was supposed to be Atmosphere, nearly 80 'luxury live/work units for a life well-designed,' sit open to public view. Naked steel rods and yawning holes are in the earth. The wood and chain-link fence around the site looks like it has been pried open in a couple of places."

The San Diego Union Tribune - "S.D. housing market may only be in eye of storm" (8-19-07)

"The release of the latest real estate figures last week – showing a 2.2 percent decline in the median price of a house in San Diego in July – prompted some observers to express the hope that things can only get better from here. 'Most of the declines in San Diego have happened,' John Karevoll, an analyst with La Jolla's DataQuick Information Systems, said last week. 'Now it appears to be re-establishing a balance we have yet to see for the (Southern California) region.'"

The San Diego Union Tribune - "After foreclosure" (8-19-07)

"Some displaced homeowners are getting a cool reception as the surge in real estate foreclosures sends them back to the rental market in search of shelter. Although landlords welcome the business, they are carefully screening applicants to make sure they remain creditworthy."

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