I calculated the monthly increase incorrectly last month – it’s right now, and it shows that the index has picked up steam lately. But we’re still slightly below last year’s peak of 258 in June & July:
San Diego Non-Seasonally-Adjusted CSI changes:
Observation Month
SD CSI
M-o-M chg
Y-o-Y chg
January ’18
248.16
+0.8%
+7.3%
February
250.91
+1.1%
+7.5%
March
253.41
+1.0%
+7.6%
April
255.63
+0.9%
+7.7%
May
257.07
+0.6%
+7.3%
Jun
258.44
+0.6%
+6.9%
Jul
258.49
0.0%
+6.2%
Aug
257.32
-0.5%
+4.7%
Sept
256.13
-0.4%
+3.9%
Oct
255.26
-0.1%
+3.7%
Nov
253.37
-0.6%
+3.3%
Dec
251.68
-0.7%
+2.3%
January ’19
251.30
-0.2%
+1.3%
Feb
253.69
+0.9%
+1.1%
Mar
256.63
+1.2%
+1.3%
The index is 3.4% higher than it was at the beginning of 2018, but it could be worse.
This NYC broker says homeowners in Manhattan can figure what their home was worth in May, 2018, and then subtract 10% to find today’s value – yikes!
This was a good example of how the comps may not mean much.
The seller and I were happy to hang our hat on this comp which seemed similar enough, but as it turned out our hurdles proved to be more substantial on today’s market. Nothing I can’t handle though!
This house has a big yard and is on a canyon – she knew money would fix the rest:
Jessica Alba and Cash Warren met on the set of Fantastic Four, in 2004. They married and had their first daughter, Honor, in 2008. A second daughter, Haven, arrived in 2011, and son Hayes was delivered on New Year’s Eve 2017. The couple, who had been living in a house just down the street for the past decade, already had started looking for a new one with more space, and a big backyard was on their wish list. “We wanted a place to watch our kids play and grow up,” Alba says.
They found it on the very first day of their search. It wasn’t officially listed, because the sellers wanted to stage it first, but Alba cajoled her Realtor into getting her in that afternoon. “I thought, I have an imagination and I know what I want. I walked in and knew within 20 minutes, even though [the previous owners’ style] wasn’t our vibe, this was exactly what we were looking for.”
How does this happen in 2019? Hat tip to Peter for sending this in!
The Web site for Fortune 500 real estate title insurance giant First American Financial Corp. leaked hundreds of millions of documents related to mortgage deals going back to 2003, until notified this week by KrebsOnSecurity. The digitized records — including bank account numbers and statements, mortgage and tax records, Social Security numbers, wire transaction receipts, and drivers license images — were available without authentication to anyone with a Web browser.
Santa Ana, Calif.-based First American is a leading provider of title insurance and settlement services to the real estate and mortgage industries. It employs some 18,000 people and brought in more than $5.7 billion in 2018.
Earlier this week, KrebsOnSecurity was contacted by a real estate developer in Washington state who said he’d had little luck getting a response from the company about what he found, which was that a portion of its Web site (firstam.com) was leaking tens if not hundreds of millions of records.
He said anyone who knew the URL for a valid document at the Web site could view other documents just by modifying a single digit in the link. And this would potentially include anyone who’s ever been sent a document link via email by First American.
KrebsOnSecurity confirmed the real estate developer’s findings, which indicate that First American’s Web site exposed approximately 885 million files, the earliest dating back more than 16 years. No authentication was required to read the documents.
Many of the exposed files are records of wire transactions with bank account numbers and other information from home or property buyers and sellers. Ben Shoval, the developer who notified KrebsOnSecurity about the data exposure, said that’s because First American is one of the most widely-used companies for real estate title insurance and for closing real estate deals — where both parties to the sale meet in a room and sign stacks of legal documents.
My second tour of downtown Carlsbad where it becomes obvious that big money is taking over and if you don’t like it you better say something quick. P.S. Do you know what Elm is?
Many will lament the redevelopment of downtown Carlsbad, but it is happening everywhere as big money takes over. It’s not just the look that’s changing either.
The old Sears at UTC is being completely re-purposed, and new companies that never existed before are coming in to provide services we didn’t even know we needed.
Carmel Valley’s Del Mar Highlands is adding 120,000sf of upscale retail tenants to compete with the One Paseo mixed-use project across the street. Horton Plaza is getting re-worked, Mission Valley has already transformed, and surely other old parts of town will get upgraded in the near future.
There doesn’t seem to be any way to stop it either. Let’s make the best of it?
Once upon a time Carlsbad was a sleepy little beachside town, but now big money is taking over. Here’s a tour of projects being discussed on the street:
