November 5
Curie’s 33rd Annual Holiday Craft Fair
One of the largest holiday craft fairs in San Diego, drawing thousands of visitors, and is extremely popular with crafters statewide. Each year the fair generally has entertainment for the whole family including over 100 booths of handmade art and craft items, a kid’s corner, bake sale, food booths, silent auction baskets, and an opportunity drawing. Free parking. Time: 9:00 am – 3:00 pm Location: Marie Curie Elementary School, 4080 Governor Dr. For more information call 858-643-9720 or visit www.curiepta.org |
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November 5
FAAN Walk for Food Allergies
More than 12 million Americans suffer from food allergies. Anaphylaxis is a severe and potentially fatal allergic reaction to particular foods. Proceeds from this walk will bring awareness and provide education and advance research on behalf of persons affected by food allergies and anaphylaxis.
Time: 9:00 am – 10:00 pm
Location: East Mission Bay – De Anza Cove, 3000 East Mission Bay Dr. For more information visit www.foodallergywalk.org |
November 2011 San Diego Events
Should I buy or rent?
CNNMoney - October 26, 2011
For the last three years, my husband and I have been renting a house. But I would rather buy than throw my money away on rent. Still, even though we have about $120,000 in savings, great credit and no debt, my husband is reluctant. The job he's had the past two years took 15 months to find, and it pays a lot less than his previous job. He's afraid buying now isn't a good idea because of the shaky economy. What do you think: Should we buy or continue renting? -- Jean J.
First things first, I want to dispel the belief that you are throwing money away on rent.
This is a self-serving notion real estate agents often spout that not only isn't true, but isn't a basis for making a rational decision when it comes to buying versus renting.
Fact is, when you rent, you are buying. You're buying a service: the use of a house for a specified period of time. And as long as the rent you're paying is in line with what others are paying for comparable digs, then you're getting that service at the market rate.
Granted, you don't have some of the potential plusses of ownership, such as seeing the value of your home climb over the years. But renting has other advantages. You can
For the last three years, my husband and I have been renting a house. But I would rather buy than throw my money away on rent. Still, even though we have about $120,000 in savings, great credit and no debt, my husband is reluctant. The job he's had the past two years took 15 months to find, and it pays a lot less than his previous job. He's afraid buying now isn't a good idea because of the shaky economy. What do you think: Should we buy or continue renting? -- Jean J.
First things first, I want to dispel the belief that you are throwing money away on rent.
This is a self-serving notion real estate agents often spout that not only isn't true, but isn't a basis for making a rational decision when it comes to buying versus renting.
Fact is, when you rent, you are buying. You're buying a service: the use of a house for a specified period of time. And as long as the rent you're paying is in line with what others are paying for comparable digs, then you're getting that service at the market rate.
Granted, you don't have some of the potential plusses of ownership, such as seeing the value of your home climb over the years. But renting has other advantages. You can
Financial Market Update
This Week; the headline remains the same, will the European officials actually come up with a plan the takes Greece and the other back from the edge of the cliff? We believe they will have something but we also believe whatever comes from the meeting now scheduled for Wednesday will be just a bandage that will not end the crisis facing Europe's banks and the countries in the region hanging by their finger nails. There are no economic reports on Monday; the rest of the week has something everyday; Thursday markets will get the first report on Q3 GDP, expectations are the economy grew 2.2% in the quarter compared with +1.3% growth in Q2.
On top of the uncertainty over Europe and the volatility it has generated in US equity markets; Treasury will auction $99B of notes on Tuesday, Wednesday and Thursday. Recent auctions have been a little disappointing with demand not as strong as it had been for months when Treasury borrowed. The bond and mortgage markets will likely stay within a narrow range as has been the pattern for the last two weeks. The technicals remain bearish, however as long as the 10 doesn't close above 2.30% there remains the possibility mortgage rates may fall somewhat from the present levels.
TBWS
On top of the uncertainty over Europe and the volatility it has generated in US equity markets; Treasury will auction $99B of notes on Tuesday, Wednesday and Thursday. Recent auctions have been a little disappointing with demand not as strong as it had been for months when Treasury borrowed. The bond and mortgage markets will likely stay within a narrow range as has been the pattern for the last two weeks. The technicals remain bearish, however as long as the 10 doesn't close above 2.30% there remains the possibility mortgage rates may fall somewhat from the present levels.
TBWS
Foreclosures remain high as Calif. home prices drop
Associated Press - October 14, 2011
Foreclosures in California are still high by historical standards as median home prices drop 6 percent.
California home prices declined in September from their year-ago levels for a 12th consecutive month, with bargain-priced short sales and foreclosures making up more than half of all transactions, a tracking firm said Friday.
San Diego-based DataQuick said in a report that the median home price in the state fell 6 percent to $249,000 from $265,000 in September 2010.
The bottom of the current cycle was $221,000 in April 2009, while the peak was $484,000 in early 2007. Home sales totaled 35,404 in September, a 6.2 percent decrease from 37,734 in August but an increase of 6.7 percent from September 2010, when 33,176 homes were sold.
A decline from August to September is normal for the summer season, DataQuick said. Statewide home sales for the month of September have averaged 43,939 since DataQuick began keeping track in 1988.
Foreclosures accounted for 33.8 percent of September sales, down slightly from 34.3 percent in August and 35.6 percent in September a year ago. Foreclosures remain high by historical standards but below peak levels reached in the last few years.
The typical mortgage payment that homebuyers committed to paying in September was $964, down from $982 in August. Adjusted for inflation, last month's mortgage payment was the lowest on record.
Foreclosures in California are still high by historical standards as median home prices drop 6 percent.
California home prices declined in September from their year-ago levels for a 12th consecutive month, with bargain-priced short sales and foreclosures making up more than half of all transactions, a tracking firm said Friday.
San Diego-based DataQuick said in a report that the median home price in the state fell 6 percent to $249,000 from $265,000 in September 2010.
The bottom of the current cycle was $221,000 in April 2009, while the peak was $484,000 in early 2007. Home sales totaled 35,404 in September, a 6.2 percent decrease from 37,734 in August but an increase of 6.7 percent from September 2010, when 33,176 homes were sold.
A decline from August to September is normal for the summer season, DataQuick said. Statewide home sales for the month of September have averaged 43,939 since DataQuick began keeping track in 1988.
Foreclosures accounted for 33.8 percent of September sales, down slightly from 34.3 percent in August and 35.6 percent in September a year ago. Foreclosures remain high by historical standards but below peak levels reached in the last few years.
The typical mortgage payment that homebuyers committed to paying in September was $964, down from $982 in August. Adjusted for inflation, last month's mortgage payment was the lowest on record.
October Surf - Best Bet
Surfline.com - October 5th, 2011
Fall's Golden Hour in the Golden State
OK, we'll come right out and say it: October is arguably the best month to be a surfer in Southern California. For all kinds of reasons. We cornered veteran surf forecaster Chris Borg, who's been forecasting falls in SoCal for a couple decades, and here's what he told us:
Most of the Earth is covered by ocean. And in October, most of that ocean has potential for swell production. In the North Pacific and North Atlantic, the high pressure systems that suppressed cyclonic formation all summer are now retreating southward as strengthening storms sweep down from the north. On the Pacific side, those lows have already served up a few early-season NW groundswells for Hawaii through the West Coast -- and they're bound to crank out bigger/better waves between now and Halloween.
More at:
http://www.surfline.com/san-diego/surf-news
Fall's Golden Hour in the Golden State
OK, we'll come right out and say it: October is arguably the best month to be a surfer in Southern California. For all kinds of reasons. We cornered veteran surf forecaster Chris Borg, who's been forecasting falls in SoCal for a couple decades, and here's what he told us:
Most of the Earth is covered by ocean. And in October, most of that ocean has potential for swell production. In the North Pacific and North Atlantic, the high pressure systems that suppressed cyclonic formation all summer are now retreating southward as strengthening storms sweep down from the north. On the Pacific side, those lows have already served up a few early-season NW groundswells for Hawaii through the West Coast -- and they're bound to crank out bigger/better waves between now and Halloween.
More at:
http://www.surfline.com/san-diego/surf-news
Financial Market Update
This Week; it is still all about what the stock market does on a daily basis, it isn't rocket science to know that these days if stock indexes increase the bond and mortgage markets get tagged----and the opposite also applies. There are a number of key economic releases this week but the big one hits Friday with the Sept employment report, present estimates that will likely change through the week is for non-farm jobs to increase measly 60K jobs and non-farm private jobs up just 83K, the unemployment rate is expected unchanged. If those estimates prove true, the job growth would suggest the economy is back-sliding toward another recession.
Technically the bond and mortgage markets continue to hold bullish outlooks. Last week both markets tested their key supports twice and both times held levels that if they were penetrated would have changed the technical structure. The financial markets (stocks and bonds) will continue their choppy swings his week. Greece is still in play with many believing eventually it will default but most likely the country will get its next dose of money on the 13th of this month to extend the default for a few more months.
TBWS
Technically the bond and mortgage markets continue to hold bullish outlooks. Last week both markets tested their key supports twice and both times held levels that if they were penetrated would have changed the technical structure. The financial markets (stocks and bonds) will continue their choppy swings his week. Greece is still in play with many believing eventually it will default but most likely the country will get its next dose of money on the 13th of this month to extend the default for a few more months.
TBWS
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