San Diego Professional Property Management  News Blog

News updates on residential home sales, and rentals and property management in San Diego.

From the Wall Street Journal online

New Home Sales Rise 6.4% in April
Another Indicator Points to Rebounding Housing Sector
Sarah Portlock
Updated May 23, 2014 12:01 p.m. ET

WASHINGTON—Sales of new homes rose in April, a possible sign the housing market is picking up after
its rebound moderated over the past year.

New-home sales climbed 6.4% from March to a seasonally adjusted annual rate of 433,000,
the Commerce Department said Friday. That partly unwound a drop the prior month, with home
sales rising at a revised 407,000 pace. Economists surveyed by The Wall Street Journal
had forecast monthly sales...

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Higher Mortgage Rates Dragged Down U.S. Home Sales: San Francisco Fed

May 19, 2014
By Ben Leubsdorf

The pronounced slowdown in U.S. home sales in the second half of 2013 was primarily caused by
a rise in mortgage rates that made borrowing more expensive for potential home buyers, according
to new research from the Federal Reserve Bank of San Francisco.

The U.S. housing recovery has slowed over the last year. Sales of previously owned homes,
a key indicator that accounts for the vast majority of home sales, hit a seasonally adjusted
annual rate of 5.38 million last July, according to the National Association of Realtors.
Existing-home sales have slumped since then,
and in March were down 7.5% from a year earlier

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High-Rise Apartment Buildings Sprout in Downtowns Nationwide
'Manhattanization' of America Driven by Young Professionals, Empty Nesters
Conor Dougherty
April 25, 2014 7:57 p.m. ET

MINNEAPOLIS—It would be hard to confuse Minneapolis for Manhattan, but the Nic on Fifth might just
make it possible.

The Nic on Fifth is a new 26-story apartment building that sits smack on a light-rail stop and boasts
amenities like a pool deck and a private dog park. From the top floor you can see miles of the Mississippi
river and the field where the Minnesota Twins play.

When the building opens in August, it will be one...

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