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Archive for January, 2012

Weekly Primary Mortgage Rates – January 26, 2012

January 26, 2012 Leave a comment
Regional Breakdown 30-Yr FRM 15-Yr FRM 5/1-Yr ARM 1-Yr ARM
Average Rates 3.98 % 3.24% 2.85% 2.74 %
Fees & Points 0.7 0.8 0.7 0.6
Margin N/A N/A 2.74 2.76

From Freddie Mac

Dave & David Warner

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No-Fishing Rule Roils Southern California

January 23, 2012 1 comment
Green: Politics

When California’s then-governor, Gray Davis, signed into law the sweeping Marine Life Protection Act in 1999, state wildlife officials knew they’d have a fight on their hands.

The act was designed to simplify and strengthen a byzantine array of existing marine reserves and fishing regulations to create a coherent “ecosystem-based” policy of marine protection meant to allow fish populations, which have been in severe decline, to recover.

Later, the Arnold Schwarzenegger administration divided the state’s 1,100-mile coast into five regions and encouraged the participation of stakeholder groups that would hash out the location, size and scope of the reserves.  Conservationists, scientists, fishermen, policy-makers and the public weighed in on the new regulations, each pushing hard for varying degrees of protection.

The meetings were often contentious, with commercial and sport fishermen claiming that the reserves would spell doom to their way of life. Some saw an aggressive green agenda at work. “What the environmentalists wanted, they wanted to take it all, “ said Michael Thompson, co-owner of Newport Landing Sport Fishing in Newport Beach, Calif. “They wanted to leave us with nothing.”

After much debate, the first phase of the plan went into effect in September 2007, with the creation of 21 reserves encompassing 20 percent of a 350-mile arc of the central California coast. A second phase began in May 2010, with the creation of 29 reserves encompassing approximately 153 square miles, or about 20 percent, of state waters from San Mateo County to Santa Barbara County.

But perhaps the biggest test of the law began on Jan. 1, when reserves went into effect in Southern California, the state’s most populous region. The California Fish and Game Commission began enforcing the new regulations on some 50 marine reserves from Point Concepcion, near Santa Barbara, to the border with Mexico.

The reserves protect about 350 square miles of state waters, putting over 10 percent of the coastline off limits to any kind of fishing or even shell collecting along the beach or in tidal areas. Environmentalists hail the effort as a major milestone in marine conservation.

“No other state has attempted this nor has any state tried  to set up as exhaustive and detailed a process,” Greg Helms, a program manager for the Ocean Conservancy in Santa Barbara, said. “It’s a national first, and we know that other states other places around the world are watching.”

In late December, I visited one of the hotly contested new marine reserves in Laguna Beach to produce a video about the effort. The area is favored by fishermen and lobstermen, who say they have lost some of their most cherished fishing grounds. Rodger Healy, a lobsterman featured in the video,says the new reserves may deal him a major blow.

“I stand to lose probably 60 to 65 percent of the area I fish,” he said. “Depending on the year, it’s probably 75 percent of my income.”

Michael Thompson of Newport Landing Sport Fishing  said he expected a similar drop in business. “We lost about 30 percent of our area,” he said. Mr. Thompson said he was now redirecting resources to other activities like whale watching, burials at sea and harbor cruises.

The California Department of Fish and Game said that there had been no citations or arrests related to violations of the rules.

Paul Hamdorf, assistant chief of law enforcement for the California Department of Fish and Game, said that “there have been violations, but since we’re just eleven days into it, we don’t want to issue a bunch of citations to people who make mistakes. We’re trying to educate now instead of making people angry.”

Conservationists and many scientists hail marine reserves as the best way to rebuild once-thriving fish populations in California, which in some species have declined by over 90 percent. They point to numerous studies showing the success of marine reserves around the world. In one scientific survey of more than 100 reserves worldwide, scientists found a 446 percent  average increase in biomass of animals and plants..

Locally, biologists monitoring fish populations and kelp within the Channel Islands National Marine Sanctuary say they have documented a 70 percent increase in biomass within the reserve after only five years of protection.

“The difference inside the reserve versus outside the reserve is so dramatic,” David Kushner, a biologist with the National Park Service, said. “If you’re swimming underwater, it is pretty easy to see the difference. You’ll  see larger fish such as sheepshead and kelp bass and ocean white fish and large lobsters.

“Immediately upon swimming outside of the marine reserve, those fish are all of a sudden smaller and there’s fewer of them,” he said.

The ecosystem approach favored by the state of California is unparalleled. But questions abound over whether the economically strapped Department of Fish and Game will be be able to properly enforce the rules regarding the new reserves.

Indeed, some local conservation groups have taken it upon themselves to police the rocky tidal areas, posting volunteers who will gingerly inform recreational fishermen and shell-collecting beachcombers that they may be breaking the law.

“It’s a big change, and it should be a big boost to our marine life,” says Ray Heimstra, associate director of Orange County Coastkeeper. “It will create areas where they can recover and we can hopefully in a number of years see the types of populations we saw far in the past.”

Weekly Primary Mortgage Rates – January 19, 2012

January 19, 2012 Leave a comment
Regional Breakdown 30-Yr FRM 15-Yr FRM 5/1-Yr ARM 1-Yr ARM
Average Rates 3.88 % 3.17% 2.82% 2.74 %
Fees & Points 0.8 0.8 0.7 0.6
Margin N/A N/A 2.74 2.76

From Freddie Mac

 

Dave & David Warner

 
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Bull Trout

January 18, 2012 Leave a comment

Categories: Uncategorized

Weekly Primary Mortgage Rates – January 12, 2012…WOW LOOK AT THESE RATES!

January 12, 2012 Leave a comment
Regional Breakdown 30-Yr FRM 15-Yr FRM 5/1-Yr ARM 1-Yr ARM
Average Rates 3.89 % 3.16% 2.82% 2.76 %
Fees & Points 0.7 0.8 0.7 0.6
Margin N/A N/A 2.74 2.76

From Freddie Mac

Dave & David Warner

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Home Affordability Offering Up 40-Year Deals

January 11, 2012 Leave a comment
Daily Real Estate News |      Wednesday, January 11, 2012
Home affordability is at 1971 levels, due to falling home prices and record low mortgage rates, pushing home ownership in reach to more families, according to the U.S. Department of Housing and Urban Development (HUD).Home owners are bringing in nearly double the median income they need to cover the cost of an average home, HousingPredictor reports.”With interest rates at historically low levels and markets across the country beginning to improve, home ownership is within reach of more households,” Bob Nielsen, chairman of the National Association of Home Builders, said in a statement.Home sales have been ticking up, according to recent reports by the National Association of REALTORS®, the National Association of Home Builders, as well as the Obama administration’s December Housing Scorecard.

However, some consumers are finding more stringent lending standards for getting a mortgage a roadblock to home ownership, and some housing experts have blamed tighter underwriting standards in recent years for continuing to hold back the housing market.

Source: “Home Affordability Reaches 1971 Level,” HousingPredictor (Jan. 11, 2012)

Thank you,  Managing Editor Wendy Cole, Realtor Magazine.

Dave & David Warner

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Just Listed – Fullerton

January 10, 2012 Leave a comment
David Warner Residential
Single Family Residence Detached RES Active 117 N Woods Ave Fullerton (FUL) Price $379,900
Click for more pictures ...
Fullerton (83) Zip 92832-1636 TGNO 738F7
Orange County (OR) XSTS W/HARBOR N/COMMOMWEALTH Aerial Map

P808050 Media: 20 Builder Tract – (OTHR)
Bed 3 Model (-)
Baths 2 Style Craftsman Stories One Level Floor
View No View HOA Dues $
0 + $
0
Land Lse/Yr $
ASqFt
1,548   Assessor
YrBlt 1925  Assessor Land Fee
ALotSize
5,500
Assessor Dim Acres
Prkng Driveway, Garage Detached, Sink in Garage
Tot Prkg 2 Garage, # cars 0 D Rem # Uncovered Spaces Cprt # Garages 1 RV Acc Range $: No
Live in a true 1925, 3-BEDROOM CRAFTSMAN-Style BUNGALOW that EXUDES CHARM! All that and it s LOCATED ON A TREE-LINED STREET IN FULLERTON. The CHARM OF THE ROARING 20s is everywhere!Sit and enjoy a good book on its partial-width FRONT PORCH and SWING.FROM THE MOMENT YOU WALK IN, YOU WILL LOVE THE HARDWOOD FLOORS THROUGHOUT AND ALL THE NATURAL LIGHT from the ABUNDANCE OF windows.THE LARGE LIVING ROOM WITH FIREPLACE AND ARCHWAY TO FORMAL DINING AREA give this home a cozy feel.THIS HOME ALSO FEATURES SOME QUALITY UPGRADES like a HUGE, REMODELED KITCHEN WITH CUSTOM CABINETS AND GRANITE COUNTERS,VINTAGE OKEEFE & MERRIT STOVE,AND a LARGE SUNROOM WITH BREAKFAST NOOK.OTHER UPGRADES INCLUDE CROWN MOLDING,RECESSED LIGHTING,PARTIAL COPPER PLUMBING AND a pedestal sink in the bathroom SEPERATE from the TUB/SHOWER COMBO with BEAD BOARD ON THE WALLS. AS YOU ENTER THE BACK YARD YOU WILL LOVE THE TRANQUILITY AND PRIVACY.WITH ITS COUNTRY GARDEN AND FOUNTAINS.ALL THIS AND WALKING DISTANCE TO EVERYTRHING.
Directions NORTH OF COMMONWEALTH. IN BETWEEN HARBOR AND EUCLID.
Special Conditions: Standard Sale or Lease/None

Rooms
Bedrooms Living Rm Living Rm Entrance
Kitchen Granite Counters, Island, Remodeled Dining Breakfast Nook, Family Kitchen, Kitchen Island, Living/Dining Combo
Total Baths 2 Full Baths 1 3/4 Baths 0 1/2 Baths 1 1/4 Baths 0
Baths Desc Remodeled, Shower Over Tub
Other Laundry In Garage

Amenities
Pool No Pool
Spa No Spa
TV Water Heater 60+ Gallon Tank
Firepl Living Room / Blower Fan / Gas Starter
Appliances Dishwasher, Freestanding Gas Range, Garbage Disposal, Range Hood, Water Softener – Leased
Other
High or Mid-Rise Amenities
Security

Interior
Heating Floor Furnace Cooling Ceiling Fan(s), No Air Conditioning Floors Ceramic Tile, Hardwood
Interior Misc Crown Moldings, Natural Day Lighting, Recessed Lighting
Disability Access None

Exterior/Structural
Entry Location Ground Level w/steps Common Walls
Roof Composition Plumbing Partial Copper Plumbing Patio Covered Porch, Porch – Front
Cond Restored Sprinklers Doors/Windows French Doors
Other Custom Built
Structures, Other Carriage House
Exterior Construction Cement Board

Lot Description
APNO 031-233-20 Zoning Lot/Block/Tract 0.13//520
Lot Legal Historical Property
Sewer In Street Paid Water District/Public Water District Yard Wood
Distance to Beach (miles)

Community/Association
HS Dist Fullerton Joint Union High School District Elemen Junior High Sch FULLERTON
Amenities Units HOA Dues $
0  + $
0
Mello Roos No Land Fee Land Lse/Yr $ City Inspection Required No Builder’s Name

Listing Activity
LP/SqFt $245.41 Orig Price $
379,900
Prev Price $ Current Price $379,900

Contact Information
Presented By: David WarnerDRE License: 01236519 Preferred Phone Ext: mobile Phone: 949-547-0480  Pager: 714-870-1028 Office Phone: 949-240-7979 Primary e-mail address: callwarner.ft@gmail.com Website address: www.callwarner.wordpress.com

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. © Copyright, California Regional Multiple Listing Service, Inc., Copyright, CARETS® Dave & David Warner

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