SUN VALLEY GOLF COURSE – It is not unusual for a school to have a parent fundraising golf tournament – with the traditional hole sponsors, closest to the pin contests, raffles and auction.
It is, however, quite unusual to have the students join their parents for the event.
That was the scene Sunday afternoon at La Mesa’s municipal pitch and putt – a nine hole course tucked in between I-8 and the city’s Community Center.
More than 60 fathers, mothers and children of the Warren Walker School picked up the sticks and headed out onto the links in the kind of brilliant, sun-drenched afternoon that this winter’s rainy weather made that much more appreciated. The tournament was named for the school’s inspirational artist and gym teacher, Savaii Seau, brother of former Charger linebacker Junior Seau.
Golf, they say, is a lifelong sport – and if that’s true, this Sunday outing launched more than a few love affairs with the old Scottish game. And, in keeping with a school activity, there was much learning to be done.
Students as young as pre-kindergarten learned not to walk in front of others’ shots. All were taught how to swing safely and there were on-going lessons in etiquette and honesty. This is, the students were taught, one of the few games in the world in which the players serve as their own judge, referee and scorekeeper.
Warren-Walker Head of School Ray Volker met each golfer as they arrived and was seen throughout the day delivering water to refreshment stands and assuring safety. Each hole was sponsored by a school supporter and, following the golf, all the families retired to the nearby golf cottage for a fish taco dinner and the announcement by Savaii Seau of the golf and raffle winners.
Undoubtedly there has been greater golf played at this little jewel of a course, but there have not been more energetic outings for a larger group of new golfers.
And there were winners: First place went to fourth grader Rachel Amaral and her dad; second place went to fifth grader Claudia Hall and her father; and third place went to Liam Hudson and his father.
High housing costs are a drag on California's economy, report says
Source: L.A. Times
A shortage of housing – especially at affordable prices – is becoming a bigger drag on the state’s economy, according to a new report from forecasting firm Beacon Economics. That being said, the pace of home sales in California should pick up in the second half of this year and into next. The firm predicts annual price growth of 4 to 6 percent for the next two years, a more sustainable pace than the double-digit gains seen for much of the last two years.
States have been ranked by average closing costs, from most expensive to least expensive. To determine the rankings, Bankrate requested good faith estimates for a $200,000 mortgage loan from up to 10 lenders in each state. The hypothetical loan was for a purchase of a single-family house in the state's largest city, using a 20 percent down payment, with excellent credit. California ranked as the 22nd most expensive state for closing costs. Read the full story:http://www.bankrate.com/finance/mortgages/closing-costs/closing-costs-by-state.aspx
Homeownership at near 20-year low, but some bright spots Source:HousingWire
Homeownership in the U.S. continues to fall, down to a low of 64.7 percent, a level not seen since 1995. Despite low interest rates and expanding credit availability, affordability has remained an issue. Also, first-time home purchasers are declining as a share of total home sales. Experts have expressed concerns that loosening of mortgage credit and a reduction in home price growth won’t be enough to reduce the trend of declining mortgage origination.