The percentage of households that could afford to buy an entry-level home in California stood at 33 percent in the fourth quarter of 2007, compared with 25 percent for the same period a year ago, according C.A.R.’s First-time buyer Housing Affordability Index (FTB-HAI) released Tuesday.
The FTB-HAI measures the percentage of households that can afford to [...]

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Valentine’s Jazz Dinner at The Abbey on 5th     February 16
For a memorable Valentine’s Day Dinner plan, The Abbey on Fifth Ave. offers Valentine’s Jazz Dinner At The Abbey with live Jazz, a delicious 4 course dinner and dancing all in the historic slendor of this amazing 100 year historic building. call 619-686-8715 or visit www.hornblower.com [...]

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We’ve all seen numerous negative reports on the current home selling market. Those news reports have motivated many prospective home buyers to hold off with a purchase of a home until good times return. For the sake of achieving a balanced perspective, consider the following reasons for taking action now to acquire that needed home.
In [...]

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Lunar New Year Tet Festival     February 8-10
The "Tet" is a celebration of the Lunar New Year and is the most observed holiday of Vietnamese descent. The "Year of the Rat" will be celebrated with an ancestral homage ritual, games, of Vietnam, carnival rides, food, music, and costumed performances. Come and indulge in Vietnames culture! 4:00pm [...]

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A growing number of Realtors are serving international clients - foreigners who are actively seeking residential properties in the U.S. This was revealed in the recently released "Profile of International Home Buying Activity," prepared by the National Association of Realtors. The top three state destinations for foreign homebuyers are California, Florida and Texas, but a [...]

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Super Run, 10K Run, & 5K Run/Walk     February 2
Get ready to kick off the Super Bowl weekend with some exercise! You can choose between a 10K Super Run or a 5K Run/Walk. Divisions and teams will vary depending on age and gender. The beauty of the bay can instill a feeling to kick up the [...]

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Existing-home sales rose slightly in November, indicating a stabilization in housing in the wake of mortgage disruptions earlier this year, according to the National Association of REALTORS®.
Total existing-home sales — including single-family, townhomes, condominiums and co-ops — rose 0.4 percent to a seasonally adjusted annual rate of 5 million units in November. That represents a [...]

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The benchmark ratio of rents to home prices is slowly returning to its long-run average but it could be at the expense of home prices, according to a study by Federal Reserve Board economists and a University of Wisconsin professor suggests.
The ratio, which compares imputed rents of home owners to the value of owner-occupied housing, [...]

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56th Annual Buick Invitational Golf Tournament     January 21-27
The Buick Invitational Golf Tournament is here! Come to the Torrey Pines Golf Course to watch professional golfing at its best. Torrey Pines Golf Course (11480 North Torrey Pines Rd.) Tom Wilson (619) 281-4653 or www.buickinvitational.com
 
Dr. Martin Luther King Jr. March     January 25
Knox Elementary School students will proudly [...]

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Calif. median home price - November 07: $488,640
Calif. highest median home price by C.A.R. region November 07: Santa Barbara So. Coast $1,075,000
Calif. lowest median home price by C.A.R. region November 07: High Desert $262,650
Calif. First-time Buyer Affordability Index - Third Quarter 07: 24 percent
(Source: C.A.R.)  
Mortgage rates - week ending 12/27: 30-yr. fixed: 6.17%; Fees/points: [...]

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