Source: Los Angeles Times Real Estate News
Sales of new U.S. homes fell in October to the weakest pace since March 2016 as rising borrowing costs and elevated prices keep buyers out of the market. Single-family home sales fell 8.9% from the prior month to a 544,000 annualized pace, according to government data released Wednesday. That was... [...]
Wed, Nov 28, 2018 3:30:00 PM, Continue reading at the source
Source: Los Angeles Times Real Estate News
The upscale Park Hyatt Aviara resort, which was taken over by its lender more than a year ago following missed payments, is now under new ownership. Xenia Hotels & Resorts, a Florida-based real estate investment trust that owns 41 hotels across 17 states, including the Andaz in downtown San Diego,... [...]
Wed, Nov 28, 2018 2:00:00 PM, Continue reading at the source
Source: Los Angeles Times Real Estate News
Existing home prices in September for the San Diego metropolitan area increased 4 percent in a year, the lowest in the West, said the S&P CoreLogic Case-Shiller Indices released Tuesday. Among the 20 areas covered by the index, San Diego’s increase was the fourth lowest and below the national increase... [...]
Tue, Nov 27, 2018 8:30:00 PM, Continue reading at the source
Source: Los Angeles Times Real Estate News
Higher mortgage interest rates will push more people into the San Diego County rental market and likely increase rents, said a new report from Marcus & Millichap. The national commercial real estate brokerage firm’s fourth quarter analysis said the gap between between a monthly mortgage payment... [...]
Mon, Nov 26, 2018 11:55:00 PM, Continue reading at the source
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