Economics
« Previous EntriesRetire in Carlsbad At 55 & Get Paid $76,440 Per Year
According to Carlsbad city officials, the average police officer or firefighter retires at age 55 after 28 years of service in Carlsbad. In the past, the City and public safety officials had negotiated what was called a “3 at 50″ plan, which lets some 50-year olds retire at 90 percent of their highest salary. Someone [...]
Don’t Mess With Your HOA
The Stantons decided that they wanted new casement windows on the front of their home in a condo development controlled by declaration of covenants and conditions and restrictions (CC&RS). Those are often known as your Homeowner Association (HOA) documents, or “docs.” You know, that packet of 50-or so pages you receive just before you close [...]
Homes Sales Don’t “Plummet” in Carlsbad
If today you received the new format San Diego Union-Tribune, now renamed, it appears, “San Diego U-T,” then in Section C, the business section, you would have seen the headline “County Home Sales Plummet 21 Percent In July.” The article goes on to point out that’s the percentage drop from sales in June 2010. NOT [...]
Looking Back At Carlsbad Year-End Prices
Click on this Carlsbad Link for a larger image of the chart. Every once in a while, I like to take a look back at where we were at the beginning of the year in Carlsbad. It puts things in perspective for what’s happening now. Keep coming back here, and you’ll see more data about [...]
California Homebuyer Credits Of $200 Million Approved
The President of the California Association of REALTORS(r) sent out the following announcement after the Governor signed AB 183: “AB 183 will provide $200 million for home buyer tax credits, allocating $100 million for qualified first-time home buyers of existing homes and $100 million for purchasers of new, or previously unoccupied, homes. The eligible taxpayer [...]
San Diego Assessments To Go Down
I was at a recent meeting of Commercial Brokers at the Vista headquarters of the North San Diego County Association of REALTORS® (NSDCAR). David L. Butler, our County Assessor was the speaker. Assessed Values Drop According to Mr. Butler, the Total Assessed Value of all property in San Diego dropped by 2.3 % in 2009. [...]
One Up and Three Down
Comparing December ’08 to ’09 single family detached median home prices in the four Carlsbad zip codes reminds one that you shouldn’t believe what you read in the newspaper…or, these days, on the Internet. The San Diego Union-Tribune on January 20 announced that San Diego County led Southern California in home price improvements in December [...]
Carlsbad December Sales 38.78% Higher than 2008
Carlsbad total single family detached (SFD) sales in 2009 increased by 9.22% over 2008, totaling 782 in 2009 and 716 in 2008, an increase of 66 total sales. As you can see from the chart below (click here to get a more readable version), the real increase started in May, reached a peak in August, [...]
Carlsbad Bucks the Case-Shiller Trend
The New York Times reported today that Standard & Poor’s/Case-Shiller home price index for October rose 0.4 percent from September on a seasonably adjusted basis in the 20 metropolitan areas it covers. The article also reported that the index is down 7.3 percent from October a year ago. As I’ve said in the past, and [...]
Carlsbad Prices Improve – Check the Chart
In general, it appears that median prices in the four Carlsbad zip codes, 92008, 92009, 92010, and 92011, have improved since January of 2009, and in some cases show an improving trend over the last three months. I’ve inserted a chart below, which will lead you to the median price information for January to June, [...]
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