KPBS Midday Edition

San Diego Real Estate Looking Less Anemic

By Maureen Cavanaugh / KPBS Midday Edition Co-Host, Pat Finn / Producer

Published October 23, 2012 at 8:34 AM PDT

This story was published more than 12 years ago.

San Diego Real Estate Looking Less Anemic

Dr. Michael Lea, director of The Corky McMillin Center for Real Estate, San Diego State University. Matt Battiata, CEO, Battiata Real Estate Group.

Researchers with Zillow Home Value Forecast say home values in San Diego County gained 2.3 percent in value in the third quarter ending September 30, 2012.

DataQuick noted thjs week that foreclosure activity in California, which usually begins with notices of default, hit a five-year low in the third quarter. There were 49,000 default notices filed in the state from July through September -- a decline of 31 percent from the same period last year to reach the lowest level in California since 2007.

In addition, short sales have increased in San Diego and statewide, and have overtaken foreclosure as the favored process to deal with distressed homeowners. In a short sale, homeowners and banks agree on a sale price that falls short of the amount owned on the mortgage.

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Another good sign that real estate may be reviving nationwide is that housing construction has risen, but not in all areas of the country.

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Maureen Cavanaugh

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Maureen Cavanaugh has been a familiar voice for KPBS listeners for more than 15 years, serving in a variety of capacities including announcer, host, and producer. As host of KPBS Midday Edition, Maureen has interviewed a wide range of notables, such as comedienne Sandra Bernhardt, actor John Lequizamo, author Chuck Palahniuk, composer Marvin Hamlisch, artist Robert Irwin, and designer Zandra Rhodes. But of all the interviews Maureen has conducted, her most special was with His Holiness, the Dalai Lama. Before joining KPBS in 1997, she worked as a news anchor for KSDO and KOGO News Radio in San Diego. While working for commercial radio stations in San Diego and in Salt Lake City, Utah, Maureen reported on both hard news and lifestyle features. Maureen has received three "Golden Mike" awards from the Radio and TV News Association of Southern California for economic reporting and breaking news. She has also received a "Best of Show" and “Best Radio Newscast” awards from the San Diego Press Club and the "Flo" Award from Public Radio Program Directors Association for Best Public Radio Announcer in a large market. Maureen is a native of Queens, New York, but after more than 20 years in San Diego she feels she qualifies as a real Southern Californian.

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Pat Finn

Pat Finn previously served as a producer for KPBS Midday Edition and KPBS Evening Edition. Finn began her career in broadcasting at KTLA and KCET in Los Angeles. In 1979 she became KPBS’ Public Information Director, then Director of Advertising and Promotion, Program Director, and Director of Broadcasting. She oversaw the station’s local and national productions, including the one-hour documentary Los Romeros: The Royal Family of the Guitar, and Child Protective Services, a one-hour look inside the San Diego County agency responsible for the welfare of at risk children. Both programs also aired on public television stations nationwide. Finn has earned honors from the Society of Professional Journalists and the Pacific Southwest Chapter of the National Academy of Television Arts and Sciences.

See stories by Pat Finn