Archives for November 2010

Costa Mesa – Early November Homes Sales Show Price Gain…

Early November Homes Sales Show Price Gain…

November 2010

For the 22 business days ending Nov. 5 – Data-Quick’s latest home buying report in Orange County saw …

For the 22 business days ending Nov. 5
Slice Price Yr. ago Sales Yr. ago
Houses $503,000 +0.9% 1,604 -15.4%
Condos $283,000 -5.7% 721 -15.6%
New $579,500 +6.3% 201 +21.8%
All O.C. $440,000 +2.0% 2,526 -13.4%

 

A median selling price of $440,000, up 2% from a year ago.

  • O.C. shoppers bought 2,526 residences — 13.4% fewer than a year-ago.
  • The most recent median is 19% above the cyclical low $370,000 hit in January 2009. The median has recouped 25% of the $275,000 price drop from the peak.
  • But that’s still 32% below June 2007’s peak of $645,000.
  • The median selling price of a single-family homes is 31% less than its June 2007 peak, while condos sell 40% below their March 2006 peak. Builder prices for new homes are 33% below their February ‘05 top.
  • Single-family homes were 78% more expensive than condos in this period vs. 66% a year ago. From 1990-2009, the average house/condo gap was 58%.
  • Sales in this latest period were 30% below the monthly average of 3,597 for the past 20 years.
  • Builder’s new homes sales were 8% of all residences sold in the period, vs. 6% a year ago. From 1990-2009, builders did 14% of the selling.
Share Button

Madison Galitski speaks to her class at Davis magnet school

Posted with WordPress for BlackBerry.

Share Button

Costa Mesa Market Report- Median Up 5.91%

  92626 Orange California
Median Estimated Home Value $542,410 $497,510 $325,000
12-Month Change 5.91% 7.77% 7.86%
Median List Price $581,950 $549,000 $400,000
List Price 1-Month Change
List Price 12-Month Change 10.42% 3.78% 0.5%
Households 17,532 991,611 12,553,966
People per Household 2.65 3.05 2.92
Median Home Age
Own 45.31% 61.73% 57.73%
Rent 54.69% 38.27% 42.27%
Vacancy 1.62%
$ Value of all buildings for which permits were issued $56,110,055 $649,571,000
% Change in permits for all buildings 11.45%
% Change in $ value for all buildings 37.9% 5.64%

Share Button

Why Some Buyers Are Still Waiting

Record-setting affordability isn’t enough to get some buyers off the fence.

Amid all the news coverage about how the housing market is still in the tank, there’s one piece of news that seems to have escaped most commentators: Housing is at its most affordable level in decades. 
Because of record-low mortgage rates (the average 30-year fixed rate was at 4.3 percent in early October), the monthly mortgage payment for a median-priced home purchased with FHA-backed financing is $1,150, down from $1,658 in 2006, at the height of the boom. 

Of course, like all things real estate, affordability is local. On a national basis, though, now is clearly a good time to buy for those who are willing to stay within their budget. But the extent to which households take advantage of today’s conditions is influenced by a number of factors.

The first factor is the availability of credit. Even successful self-employed entrepreneurs are facing hurdles because they don’t have W-2 forms.

Second is market confidence. Although home values have largely stabilized in the past 18 months, some buyers believe prices are going to fall further. Unfortunately, as they hold off on purchases, their prophecy will become reality—inventories will grow and we’ll see downward pressure on prices.

 The third factor is confidence in the overall economy. Slow economic growth leads to economic insecurity, even among those who have jobs.

Once consumers regain confidence and banks increase lending to sound individuals, buying activity should start to pick up. After July’s 27 percent drop in sales, the market has shown signs of healing; August existing-home sales were up almost 8 percent, and pending contracts suggest further gains.

It will take time before we can say the economy is back to normal, but in the meantime, high affordability and low mortgage rates will benefit those who are willing and able to purchase.

Share Button

Don’t Laugh At My Moustache!

As we approach the middle of November, it is time to reflect upon the meaning of this month’s unusually hairy upper lips. The moustaches that have been steadily growing are a part of ‘Movember’, a month-long initiative intended to raise funds and awareness of men’s health, specifically prostate cancer and depression.

Countless men in many countries are involved in the initiative, which was born in Australia a few years ago. And the support doesn’t just come from the public. Even political figures are getting on the Movember bandwagon.

Canada’s NDP Leader, Jack Layton, is among the political moustache growers. Mr. Layton, who himself was diagnosed with prostate cancer in February, spoke to the team at CBC Radio’s Ottawa Morning. The notoriously mustachioed minister joked that “spotting these people with these emergent shadows above the lip—it’s hysterical”.

“A huge thanks to everyone who’s participating”, he said on a more serious note. “It’s so moving to me, and I’m sure to the other guys going through this to see so many people putting their lip on the line”.

Movember (a portmanteau of the words ‘moustache‘ and ‘November’) is an annual month-long event involving the growing of moustaches during the month of November. The event has been claimed to have been invented in 1999 by group of Australian men from Adelaide.

Since 2004, the Movember Foundation charity has run Movember events to raise awareness and funds for men’s health issues, such as prostate cancer and depression, in Australia and New Zealand. In 2007, events were launched in Ireland, Canada, Spain, the United Kingdom, and the United States.

In 2010 it merged with the testicular cancer event Tacheback.

Rules

  1. On Shadowe’en (October 31st), the complete moustache region, including the entire upper lip and the handlebar zones, must be completely shaved.
  2. For the entire duration of Movember (Movember 1st – 31st inclusive), no hair shall be allowed to grow in the goatee zone – being any facial area below the bottom lip.
  3. There is to be no joining of the moustache to sideburns.[1]

Origins

Seven Nightly News aired a story in 1999 featuring a group of young men in Adelaide who claimed to have had come up with idea of growing moustaches for charity in what “snowballed into a Mo-phenomenon, with people across Australia joining up”.[2]

In the news report, members of the Adelaide-based “Movember Committee” explained how they came up with the idea for Movember one night in the pub. The group was said to have 80 men from Adelaide and interstate involved in the event, and aimed to raise money for the RSPCA through selling T-shirts in what they termed “Growing whiskers for whiskers”.[2]

Seven News also reported that the Committee had received legal threats from a San Francisco-based group called the “Moustache Celebration Federation” that had claimed they had patented the term “Movember” in 1977.[2] A 2007 statement on the Committee’s website states that upon following up on these threats it was discovered that neither The Federation, nor its alleged president, “Charles Kies III”, actually existed. The Committee still holds their claims of having coined the term Movember in 1999 are “100% true”.[3]

Charity events

Since 2004, the Movember Foundation charity has used Movember to raise awareness and funds for men’s health issues in both Australia and New Zealand. Monetary proceeds go towards Prostate Cancer Foundation of Australia, Cancer Society and Mental Health Foundation of New Zealand and Beyond Blue.[4]

In 2007, the Foundation launched events in Canada (funds raised to the Prostate Cancer Research Foundation of Canada), Spain (FEFOC), the United Kingdom (The Prostate Cancer Charity), and the United States (Prostate Cancer Foundation).[4]

In 2008, the Movember Foundation started the event in the Republic of Ireland. The beneficiary in ROI would be Action Prostate Cancer, an initiative of the Irish Cancer Society.[5]

A non-Foundation Movember event has been held in the Cayman Islands by a “MOvember Committee” since 2006. The event has been sponsored by CML Offshore Recruitment and raises funds for the Cayman Islands Cancer Society.[6]

The original Movember Committee does not hold any official fundraising events, but still encourages people to participate in Movember activities and to donate their raised funds to any charity participants feel worthwhile.[3]

In 2009, many of the Australian rugby union team players were seen sporting moustaches during the Autumn Test Series.

Ambassadors

Many high profile Australian sports people, celebrities and dignitaries have supported the Movember Foundation including World Champion surfer Mick Fanning,[7] author, columnist and presenter Samantha Brett[8], Today sports presenter Cameron Williams, ex-Big Brother housemate Ryan Fitzgerald, Queensland cricket all-rounder Andrew Symonds and several AFL players.[9]

Controversies

Scots College

In November 2007 at Scots College in Wellington, New Zealand, several graduating students were banned from end of year prize giving for growing moustaches and the college threatened to ban a senior student from their NCEA examinations (official secondary school qualification) for growing a moustache during Movember.[10]

Movember Foundation spending and accounting

In 2007, the Movember Foundation events were featured on Australian tabloid current affairs program Today Tonight which accused the Foundation of spending a disproportionate amount on running costs and high salaries for its directors.[11] The financial summary of the Australian 2008 Movember campaign listed campaign costs (administration and fund-raising) as being 8% of the total amount raised.[12][13] In 2007, campaign costs are listed as 9% of total amount raised.[14] Givewell reports that in 2008, the “Average Fundraising Cost Ratio” (fundraising costs as percentage of total fundraising revenue) for Australian charities was 18%.[15]

See also

Share Button
%d bloggers like this: