Saturday, December 10, 2011

California, Nevada Form Alliance to Investigate Foreclosure Fraud

Saying their states are hardest hit by the nation's foreclosure and mortgage crises, the attorneys general of California and Nevada formalized Tuesday a joint investigation alliance to help homeowners victimized by fraud, officials said.

California Attorney General Kamala D. Harris and Nevada Attorney General Catherine Cortez Masto said they are willing to partner with other states and provide support as California and Nevada investigate how pervasive is fraud in foreclosures and mortgages.

Harris said she has heard anecdotal stories during town hall meetings throughout the state about misconduct in the origination, servicing and foreclosure portions of the mortgage industry.

"That is part of our investigation, is to see how pervasive is the fraud," Harris told reporters at a news conference Tuesday morning.

Their joint probe, during which the two states will share information, subpoenas and witnesses, will also seek reforms to protect homeowners, the officials said. Harris described the mortgage crisis as nationwide "man-made disaster" that has inflicted its worst toll on California and Nevada.

So far, the alliance has produced "millions of pages of documents" and the development of mutual targets for investigators, officials said.

A multiple-state initiative is under way to seek a settlement with the nation's five largest banks on alleged mortgage abuses, but California backed out of that arrangement in September because officials were concerned about whether the settlement would be "sufficient" for the state's property owners, Harris said.

Masto said her state is monitoring the initiative to see what the final terms are.

California and Nevada officials are looking at a range of alleged misconduct by mortgage institutions and others.

"What we also know is that the investigations and our actions relate not only to these institutions who commit wrongdoing but also the predators that have evolved around the distress and the crisis," Harris said. "We have seen other scams that have involved brokers and lawyers and others who are taking advantage of distressed homeowners who are simply trying to do everything and anything they can to keep their homes."

Las Vegas has seen a rental scam in which a person has fraudulently told homeowners in foreclosure that he is authorized to rent out their homes, and renters have moved in unwittingly, Masto said.

courtesy of:  http://articles.cnn.com/, Michael Martinez, CNN

Posted via email from RealtorPeg

Friday, December 9, 2011

California in USA Top 10 for Job Growth

As the nation slowly emerges from the shadow of the recession, California has turned from one of the nation’s worst job markets to one of the top job creators, driven by hiring in Silicon Valley, San Diego County and areas along the coast.

Top 10 states for job growth

From October 2010 to October 2011, the following states had the fastest job growth:

N. Dakota 4.86%

Oklahoma 3.05%

Utah 2.62%

Louisiana 2.34%

Texas 2.23%

Nebraska 2.00%

Montana 1.94%

Arizona 1.89%

Wyoming 1.72%

California 1.72%

In sheer numbers, California added 239,000 jobs between October 2010 and October 2011. That’s more than any other state, in line with the state’s population.

Even after ranking the states by the percentage of their job growth instead of sheer numbers, however, California still ranks high. California’s payrolls grew by 1.72 percent over the past year, putting it into a tie with Wyoming for the nation’s ninth-highest hiring rate. In comparison, the nation’s average growth rate was 1.23 percent.

“Considering that employment is a lagging indicator of overall health, it is clear that California is solidly in a new growth phase,” said a report by Beacon Economics last month.

North Dakota ranked on top, with a 4.86 percent jump in payrolls, driven by the discovery of a major new oil field in the western part of the state. Several of the other states in the top 10 were also aided by their ties to the oil and gas industry, including Oklahoma, Louisiana, Texas and Wyoming.

Despite the hiring, California still has the nation’s highest jobless rate: 12.4 percent. But much of the unemployment is tied to the real estate and construction industry, which is still on the decline in the Inland Empire and the Central Valley, particularly around Sacramento.

In California, the fastest growth was seen in professional and business services, up 3.98 percent; the long-beleaguered construction industry, 3.11 percent; education and health services, 2.57 percent; and leisure and hospitality, 2.53 percent. The only broad category to lose workers was financial services, which dropped by 0.03 percent because of the continuing slump for mortgage and real estate brokers.

The hottest growth was in the tech centers along the coast. Silicon Valley grew the fastest at 3.2 percent. San Diego County grew 2 percent; San Francisco, 1.5 percent; and Orange County, 1.8 percent.

“Companies that help consumers and businesses use the Internet and mobile phone technology more efficiently are steadily adding employees,” said Steve

Levy, research director at the Center for the Continuing Study of the California Economy in Palo Alto. “And in recent weeks, (initial stock offerings) for these companies has picked up, with more companies coming to the market.”

courtesy of:  http://www.signonsandiego.com, Dean Calbreath

Posted via email from RealtorPeg

Eco-Friendly Living Christmas Tree Rental

SAN DIEGO – For San Diegans looking for an environmentally-friendly way to decorate their homes this holiday season, The Living Christmas Company is now an option.

The company’s unique Christmas Tree rental program has been a popular choice amongst some Southern California residents and the service has been expanded to San Diego County this year. The Living Christmas Company is seeking to “change the way that California celebrates Christmas,” and offers a number of eco-friendly options for the holiday.

The tree program consists of live, potted Christmas tree available for rent. Company officials say the price to rent one of their trees is comparable to having a traditional cut tree delivered to a home, ranging between $95 and $140, plus delivery.

Trees range from 6 to 9 feet tall, and can be rented for homes or businesses. The company also offers a number of eco-friendly ornaments and lights to decorate the tree, along with stocking stuffers and other gifts.

The Living Christmas Tree says that it is easy to rent a tree, and it can be done in three steps:

1. Customers select from the multiple tree types and sizes, and schedule the delivery and pickup of their tree – all online.

2. The tree is then delivered by jolly elves on the date specified by the customer.

3. Three weeks later (also on the customer’s specified date), singing elves will pick up the tree and take it back to the nursery to be nurtured until next year or planted out in the environment.

“As we do every year, the elves have been busy in the off-season improving our system to create better customer service,” said Scott “Scotty Claus” Martin, founder and CEO of The Living Christmas Tree. “We saw an opportunity with the family centered San Diego region and are happy to announce we will be able to handle delivery in that area this year. It’s exciting because not only are we meeting our mission; we’re also bringing the opportunity for more folks to begin a family tradition more in-line with their values.”

courtesy of:  http://sdgln.com

Posted via email from RealtorPeg

San Diego Bay Christmas Parade of Lights - 12/11 & 12/18/2011, 5:30 - 9:00 p.m.

The San Diego bay Parade of Lights begins at the south end of Shelter Island and ends at the Coronado Ferry Landing. 
The San Diego bay Parade of Lights begins at the south end of Shelter Island and ends at the Coronado Ferry Landing. — U-T file

There are few cities in the United States where you can catch a Christmas parade along the water and not have to worry about hypothermia.

In San Diego, however, it just wouldn’t be the holidays without the 39th annual Bay Parade of Lights, a flotilla of boats that travels a seven-mile route from Shelter Island to Coronado.

The parade, which features boats decorated in holiday-themed lights, can be watched from a variety of spots on land as well as on the water. But you have to plan ahead, as close to 100,000 spectators come out over the two Sundays in which it’s held.

San Diego Bay Parade of Lights

When: 5:30 p.m. Sunday and Dec. 18

Where: San Diego Bay from Shelter Island toward Coronado Ferry Landing

Cost: Free

Phone: (619) 224-2240

Online: sdparadeoflights.org

Here’s a guide to help navigate the event:

The route: Boats, led by a U.S. Coast Guard cutter, take off at 5:30 p.m. from the south end of Shelter Island and travel to Harbor Island, past the Maritime Museum’s Berkeley and Star of India, toward Seaport Village and Marina Park. The boats then cross the bay to Coronado and finish at the Coronado Ferry Landing around 7:30 p.m.

Viewing spots for boats: What makes this event unique is that there are spectators on land and on the water. If you’re going to catch the parade from a boat, the best viewing area is near the 10th Street Terminal, where the route turns for Coronado.

Viewing spots for land-lovers: You can see the procession from just about anywhere near the bay, but the least-crowded areas are at the north and south ends of the Embarcadero and the pathway along Coronado. If you’re looking for the best seat in the house, however, that’s aboard the Berkeley ferry. A $50 ticket ($25 for ages 5 to 12) includes a holiday buffet and entertainment. Reservations are required and can be made at sdmaritime.org or (619) 670-3643.

courtesy of:  http://www.signonsandiego.com - Nina Garin

Posted via email from RealtorPeg

Sunday, December 4, 2011

Fleet Science Center Fun Exhibits & Programs December, 2011

Reuben H. Fleet Science Center RHFleet eUpdate
Your Guide to the Fleet
DECEMBER 2011
Reuben H. Fleet Science Center
Reuben H. Fleet Science Center
'Tis the Season for SANTA VS. THE SNOWMAN - Post Xmas Pix on Facebook!
Santa vs the Snowman on Facebook
What is your favorite holiday photo, past or present? Don't wind up on the "naughty" list - to celebrate the return of family fave SANTA VS. THE SNOWMAN, please post it on our Facebook page (pix w/Santa or a Snowman get extra attention, but not necessary!) And come see this all-out, riotous battle for Christmas, as the Snowman and his minions square off against Santa and his elf army for the rights to the worldwide gift delivery franchise of the jolly man in red - running through the holidays. On December 15, several winners will be selected, each to win 4 IMAX passes. "Like" us on Facebook today!  More>>


"The Military Goes Green" - How They're Reducing Their 'Carbon Bootprint'       
The Military Goes Green Join the Reuben H. Fleet Science Center for a night on the USS Midway to learn how the nation's single largest user of energy is cutting back on fossil fuel to save lives and billions of dollars. Colonel Dan Nolan (US Army retired) and Mr. Stephen Worthington (Navy Region Southwest) will tour the many ways in which the military is making efforts to reduce its "Carbon Bootprint." The night will include specific details, featured in the PBS series, EARTH: The Operators' Manual, illustrating measures the different branches within the US Military are taking and their local impact. FREE event. Limited seating. Reservation required. For more info or to register, please visit www.rhfleet.org. More>>

Tuesday, December 6
6:30 p.m. - 8:30 p.m.

Aboard the USS Midway


Recycling Cool Stuff into Imaginative Creations in the "Tinkering Studio"
Tinkering Fun hands-on challenges for all ages: design and construct simple mechanical toys from recycled materials, make origami and Spirograph artwork, build marble "roller coasters" using tubes and ramps, or create "digital bling" using colorful LED lights, batteries and accessories. Families work together experimenting and collaborating on creative activities designed to spark curiosity and foster exploration, following in the inventive footsteps of Alexander Graham Bell, Leonardo da Vinci and Thomas Edison in the new and improved "Tinkering Studio," returning by popular demand!
 Free with gallery or IMAX combo admission. 
More>>

The Tinkering Studio was made possible by a major gift in honor of Grace and Jeffrey, and generous grants from the Kenneth T. and Eileen L. Norris Foundation and the Mandell Weiss Charitable Trust.

Opens Tuesday, December 27

Volunteering: It's In Your DNA - Become a Museum Ambassador
Volunteering
We are looking for enthusiastic, service minded individuals to share their time and talents with us. We have a variety of volunteer opportunities that are essential to fulfilling our mission to inspire lifelong learning in the fields of science and technology. Submit an application online or at the ticket sales counter and Join Our Team! For further assistance and questions, please contact the Volunteer Programs and Training Manager at volunteerservices@rhfleet.org. More>>

Gift Membership at a Discount
Membership faces icon
Getting ready for the holidays? We can help! As a member, you can purchase Grandparent and Family memberships for only $67 ($17 off the regular price). Memberships make great gifts for any occasion, and there are four easy ways to purchase one. Print this application and send it by mail, or go online to make the purchase!

Discounted gift memberships are one more reason that Fleet membership is a great value all year long!

Not yet a member? Click here or call the Membership Office (619) 238-1233, ext. 713.

Membership Reminder: Always arrive 20 minutes before a film starts to exchange your member IMAX Voucher at the Ticket Counter before you line up at the Theater.

The Great White That Almost Got Away: Moby Dick, the Opera and WHALES
MOBY-DICK & WHALES
A unique presentation by Dr. Nicolas Reveles, SD Opera's Geisel Director of Education and Outreach, and Dr. Ann Bowles, Ph.D., Senior Research Scientist with the Hubbs-Sea World Research Institute; sharing dramatic audio and visual highlights from the new opera Moby-Dick, based on Herman Melville's 19th century literary masterpiece (opening in February). Then follow giant cetaceans on the 76-foot fulldome screen in the IMAX® film WHALES ~ blue, orca, sperm whales and humpbacks ~ traveling thousands of miles from the frigid coast of Alaska to the warm waters of Hawaii; featuring spectacular underwater footage. Tickets will be pre-sold at sdopera.com starting in December. Admission is $6 per person, all ages. Please note this is a special presentation and there will be no discounts or vouchers of any kind accepted

Tuesday, January 10
Time: TBA 


Digital Dome Installation Underway, to Open with BLACK HOLES: The Other Side of Infinity
Black Holes
The installation has begun on a state-of-the-art, fulldome giant screen digital projection system that will augment the existing IMAX® projector in the Eugene Heikoff and Marilyn Jacobs Heikoff Dome Theater with one of the most comprehensive and powerful immersive fulldome experiences available today. The new projection system promises to take our popular The Sky Tonight planetarium shows to a new level, featuring stunningly immersive visuals and incredibly realistic simulations of cosmic phenomena. The Fleet's first-ever daily public planetarium show, beginning February 4,  will be BLACK HOLES: The Other Side of Infinity, which guides you through other-worldly wormholes to experience the creation of the Milky Way Galaxy and the violent death of a star and subsequent birth of a black hole. Our next live Sky Tonight planetarium show, using the new system, will be Wednesday, February 1st. (Dates Subject to change) 



San Diego Arts and culture
LEED certification logo
IMAX logo
Quick Links
December Events
2-3
December Nights
2
Fridays at the Fleet
5 Senior Monday
6 Free Tuesday
6 "The Military Goes Green"
7 Exploring Ethics: "What the Public Needs to Know About Clinical Trials"
7 The Sky Tonight Replaced by HUBBLE
9 Fridays at the Fleet
16 Fridays at the Fleet
18
IMAX en Español: SANTA VS the SNOWMAN
23
Fridays at the Fleet
26
Tinkering Winter Camp: "Engineering and Structures"
26-27 ROCKY MOUNTAIN IMAX screening
27 Tinkering Studio Opens
27 Tinkering Winter Camp: "Simple Machines"
28 Tinkering Winter Camp: "Tinkering Tessellations"
29 Tinkering Winter Camp: "Crazy Contraptions"
30 Tinkering Winter Camp: "Inventions"
30 Fridays at the Fleet
IMAX Films
Santa vs the Snowman
SANTA VS THE SNOWMAN

Rocky Mountain Express
ROCKY MOUNTAIN EXPRESS

Under The Sea
UNDER THE SEA

Born to be Wild
BORN TO BE WILD

Fridays at the Fleet
See "classic" and current IMAX films at 6, 7 & 8 p.m. every Friday night! Only $9.50 for one film and $6 for each additional film.
DECEMBER  SCHEDULE:
6PM:  ALASKA
7PM:  UNDER THE SEA
8PM:  MYSTERY OF THE NILE
Enter to Win
This month, it could be YOUR turn to win! Enter to win 4 tickets to the Chula Vista Nature Center.

   AAAA

Posted via email from RealtorPeg

Saturday, December 3, 2011

Leading Economic Indicators Down in October - USD, Alan Gin

Note: Due to the holidays, the release date for next month’s report is uncertain.

November 30, 2011 -- The USD Burnham-Moores Center for Real Estate’s Index of Leading Economic Indicators for San Diego County fell 0.2 percent in October.  For the fourth straight month, half of the components were up and half were down.  Sharp decreases in consumer confidence and residential units authorized by building permits outweighed a strong increase in the outlook for the national economy and a moderate gain in help wanted advertising to push the USD Index to a loss.  Initial claims for unemployment insurance (positive) and local stock prices (negative) were virtually unchanged and offset each other.     

Index of Leading Economic Indicators 
The index for San Diego County that includes the components listed below (October
Source: USD
 Burnham-Moores Center for Real Estate
- 0.2 % 
Building Permits 
Residential units authorized by building permits in San Diego County (October)
Source: Construction Industry Research Board
 
- 1.41% 
Unemployment Insurance 
Initial claims for unemployment insurance in San Diego County, inverted (October

Source: Employment Development Department 
+ 0.06% 
Stock Prices 
San Diego Stock Exchange Index (October) 
Source: San Diego Daily Transcript 
- 0.05%
Consumer Confidence 
An index of consumer confidence in San Diego County, estimated  (October)
Source: The Conference Board
- 1.89% 

Help Wanted Advertising 
An index of online help wanted advertising in San Diego (October) 
Source: Monster Worldwide
+ 0.53% 
National Economy 
Index of Leading Economic Indicators (October)
Source: The Conference Board 
+ 1.83% 

October’s decline pushed the string of alternating declines and advances in the USD Index to six straight months.  With no turning point being signaled, the outlook for the local economy remains unchanged from what was previously reported:  positive but weak growth through at least the first half of 2012.  One positive development is that the labor market is picking up a little in terms of job growth.  Job growth for October was 24,000 when compared with the same month in 2010.  That was the highest year-over-year increase in jobs since May 2005.  The biggest year-over-year gains were in leisure and hospitality (+6,400 jobs), health care (+5,900), administrative and support services (+5,500), and professional, scientific and technology services (+3,100).  The only sector that suffered a loss of jobs was construction (down 1,400), which reflects the continued weakness in the housing and other real estate markets.

Highlights:  Residential units authorized by building permits fell for the fifth consecutive month.  Due to strength at the beginning of the year, total units authorized are on a pace to top 4,900 in 2011.  While this is up substantially compared to 2010, this would still make 2011 the third worst year ever for residential units authorized.  Also problematic is that most of the increase is due to a surge in multi-family units authorized.  While that provides needed rental housing, multi-family construction employs fewer workers than the construction of a comparable number of single-family units. . . Both labor market variables were positive in October.  Initial claims for unemployment insurance were positive but almost unchanged, while help wanted advertising rose for the 10th straight month.  The net result was that the local unemployment rate fell to 9.7 percent in October from a revised 9.8 percent in September. . . Consumer confidence fell for the fifth time in six months.  Despite the weakness in confidence, consumers got the holiday buying season off to a strong start with record sales on “Black Friday” and “Cyber Monday”. . . Local stock prices were actually 8.1 percent higher at the end of October than at the beginning.  But the USD Index calculates stock prices by taking the average daily close for the entire month.  When doing this for October and comparing to September, local stock prices ended up down slightly. . . The national Index of Leading Economic Indicators rose for the sixth month in a row and registered its biggest gain since November of last year.  This suggests continued positive growth for the national economy.  While no “double dip” downturn is expected in the near future, the outlook continues to be for slow growth.  This is epitomized by the second estimate for Gross Domestic Product for the third quarter coming in at 2.0 percent, down from the previously reported “advance” estimate of 2.5 percent.

 October’s decrease puts the USD Index of Leading Economic Indicators for San Diego County at 115.9, down from 116.1 in September.  Although there were revisions in the data for building permits and the national Index of Leading Economic Indicators, there was no revision to the previously reported change or the level of the USD Index for September.  Please visit the Website address given below to see the revised changes for the individual components.  The values for the USD Index for the last year are given below:

   

Index

% Change
2010 OCT 110.0 +0.0%
  NOV 110.2 +0.3%
  DEC 110.7 +0.4%
2011 JAN 111.7 +1.0%
  FEB 114.0 +2.0%
  MAR 115.3 +1.2%
  APR 116.4 +1.0%
  MAY 117.2 +0.7%
  JUN 116.9 -0.2%
  JUL 117.2 +0.2%
  AUG 116.0 -1.0%
  SEP 116.1 +0.1%
  OCT 115.9 -0.2%

Home - All Months



For more information on the University of San Diego's Index of Leading Economic Indicators, please contact:

Professor Alan Gin 
School of Business Administration 
University of San Diego 
5998 Alcalá Park 
San Diego, CA 92110 
TEL: (858) 603-3873 

FAX: (858) 484-5304 

E-mail: agin@san.rr.com

Posted via email from RealtorPeg

Developer offers 'Not So Big House'

2,450-square-foot Sarah Susanka design fills up lot, so no backyard

Inman News™

The "Not So Big" showhouse in Libertyville, Ill. <i>Photo/Barry Rustin</i>
The "Not So Big" showhouse in Libertyville, Ill. Photo/Barry Rustin

Devotees of the "Not So Big" school of architecture now have a brick-and-mortar place of their own -- at least for awhile.

Architect Sarah Susanka, who has developed something of an anti-McMansion cult following with her popular series of eight "Not So Big House" coffee table books, recently opened a showcase home in Libertyville, Ill., that will function as what she calls her 3-D thesis.

"I think of it as a walk-in book," the North Carolina architect said as she walked through the 2,450-square-foot structure before it opened for a six-month run of public tours on Nov. 19. "I want people to feel what I've been writing about."

What she has been writing about, with 1.2 million "Not So Big" volumes sold, is the idea that you can live large in less space, so long as the house is smartly designed.

In Susanka's designs, rooms do double-duty. Ceiling heights are varied and manipulated to define living spaces without having to erect walls that cut up the space. And importantly, in Susanka's view, even in a house that celebrates an open floor plan, there needs to be an "away space" that serves as a collect-your-thoughts retreat.

 

Library nook. Photo/Barry Rustin

Although she has been designing homes with these principles for years, they've all been private residences. Now she has partnered with developer John McLinden at his SchoolStreet infill subdivision in the northern Chicago suburb of Libertyville, to build the showcase house.

The development, built on the new urbanist design principles of easy walking access to parks, shopping and businesses, already has sold 21 of its 26 traditionally styled homes. The Susanka plan is a recent addition to the floor plan offerings.

Susanka said she agrees with the new urbanist philosophy that favors the front porch architecture that makes it easier for neighbors to see and know one another, but she contends it's harder to pull off than it looks.

"One of my beefs with the new urbanist community is that they would have a front porch, but the living space is within, often behind a staircase," she said. As a result, she said, such a rearward orientation means the front porch goes unused.

Her solution in the show house: put the main entry to the house at the side, and place the kitchen smack in the front, adjoining the porch through French doors. The porch, she presumes, would then become an oft-used extension of the living space (though the northern Illinois climate might put a cap on the number of porch visits).

There's no separate dining room -- merely a large table and built-in banquette adjoining the open kitchen, which Susanka said probably would suffice for both daily family dining and most social events.

The "Not So Big" show house features an open kitchen. Photo/Barry Rustin

"Really, the people you have over are Joe and Kathy from next door, you don't need some formal space," she said.

But for those big holiday dinners, the architect anticipates the homeowner being able to move the table into the main living room and library area, and adding table leaves to accommodate more diners.

That main living area -- at the entrance to the home -- contains a lighted wall niche with a tall vase of flowers, exemplifying Susanka's idea that having a "light to walk toward" that expands a space and makes it more welcoming.

The long view toward the back of the show house is similarly illuminated by a two-story "daylight shaft" that's designed to achieve the same effect.

Toward the back of the house is Susanka's signature "away room," which in this instance is set up as a home office with TV and kids' gaming space (though it also has a cleverly designed Murphy-type fold-down bed for guests). She anticipates that an owner might one day convert that space to a full-time, main-floor bedroom to accommodate aging in place.

The same long-term need is reflected in the powder room across the hall, which squeezes in a shower, though Susanka designed it so that an uncomplicated remodel also could make it accessible to someone in a wheelchair.

At the very back of the house, the mudroom serves as a mail-sorting space and contains lockers, pegs and rods for storing backpacks, coats, etc.

Up the stairs is a laundry and craft room, alongside a curiosity-provoking ladder that's a guaranteed kid magnet: It leads to a small loft getaway area, which Susanka calls a "POYO," short for "Place of Your Own."

Laundry and craft room. Photo/Barry Rustin

"Having lived in Minnesota (where she began her career), I realize that kids can go stir-crazy if they can't do something because of the weather," Susanka said.

Upstairs there are two other bedrooms, a full bath, and a master suite that contains a full bath and a sizable walk-in closet.

Because the house fills up most of its lot, there's no backyard, per se, but Susanka has designed a landscaped, second-floor deck, accessible from inside, to fill the barbecuing and socializing quotient.

Susanka and SchoolStreet haven't set a purchase price for the show house, which won't be released for sale until it finishes its weekends-only run in May. (Details are at notsobigshowhouse.com) However, other homes in the development, by other designers, are priced from $525,000 to $800,000, she said.

In hindsight, the architect said, she might have tweaked a few things in the house, but overall she's very satisfied with the place, and said it fulfills a long-held wish for a three-dimensional laboratory.

"I've always had to point to photographs" to show people her ideas, she said. "This has exceeded my wildest expectations."

Mary Umberger is a freelance writer in Chicago.

Posted via email from RealtorPeg

Newer Posts Older Posts Home