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NEW LISTINGS
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NEW LEASES
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GREETINGS FROM SALLY
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February 10, 2009
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Welcome to our first 2009 edition of The Jones Report. The new year has started and we are enjoying the beginning of a fresh year! We are also happy to announce our new website, sallyforsterjones.com. The website offers a complete interactive online experience to our network of buyers, sellers, agents, and investors. View the latest news section, virtual tours, blog, and buying and selling tips - everything you need to make the right decision in your next home purchase or sale. With amazing real estate opportunities, a strong team, the best offline and online marketing, and the solid experience of the Westside's top estate director, you can be assured of having a full team of experts behind you every step of the way. We will take the time and efforts necessary, to make your next home buying or selling experience pleasant and successful. Email us or give us a call with any questions or comments. Sincerely,  |
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"A GOOD TIME TO BUY A HOUSE-IF YOU CAN"-wsj.com
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For years rapidly rising prices kept many first-time home buyers out of the housing market. But as home values slide further downward and interest rates hover at relatively low levels, it may be time to start looking to buy that first house.
That is, if you have a secure job, can afford higher down payments than were required a few years ago and can meet lenders' much stricter income and credit requirements.
Read Full Article
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ECONOMIC RECOVERY IN 2009?
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In 2008, the news headlines constantly reminded us of the state of our economy and the recession. 2008 was a difficult year for most businesses. However, we remained hard at work and very optimistic throughout the year, which resulted in a very strong start in 2009!
Below are a few elements which we think will help stabilize and head the economy to a steady recovery.
- A second federal stimulus package is around the corner
With a new administration, a new stimulus package is already being drafted and it's expected to as big of a stimulus as the $700 billion package from the previous administration.
- Low interests rates
While banks have tightened their lending practices, they need to make loans in order to be profitable. Many banks have already received billions of dollars of loans from the government with virtually no interest. Eventually, the banks will need to pass on these low interest loans to financially stable consumers to return to profit.
- Lower energy prices
The cost of oil has significantly gone down in the last year. Low energy costs benefit all consumers, developers, and trade in general. Maintaining low costs will be an important factor in balancing the economy.
- Jobs
Although the unemployment rate continues to increase, it is on top of the list for the new stimulus package. President Obama has pledged a massive public works program. And as banks ease lending, small businesses will take advantage of the low interest loans and new opportunities.
- New President, Barack Obama
After months of speculation, debates, and elections, we now have a new president. As much as economists can research and influence markets, a main factor of the economic "crisis" is psychological. A new president brings new hope and guides the country in a fresh direction throughout his term, which ultimately influences the country, the economy, and its citizens.
- Time
The items mentioned above all need time to take effect and are only a handful of many variables that will help recover the economy.
As grim as 2008 has been for most of the country, real estate on the Westside of Los Angeles has fared better than many other areas. We continue to look forward and set goals that will meet or exceed our sales expectations. With a wonderful team, client and agent community we are well prepared and have wonderful prospects for a successful 2009!
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COMING SOON
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JUST SOLD
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10392 Glenbarr
Cheviot Hills
$4,195,000
9042 Monte Mar Dr.
Beverlywood
$1,175,000
1855 Industrial St. #609
Downtown Los Angeles
$700,000
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3830 Encino Verde
Encino
$3,699,000
1238 Holt Ave. #6
Beverlywood
$610,000
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IN ESCROW
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8331 Skyline Dr.
Hollywood Hills
$1,999,000
3301 Club Dr.
Cheviot Hills
$1.995,000
20460 Pacific Coast Highway
Malibu
$1,950,000
10313 Cheviot Dr.
Cheviot Hills
$1,899,000
2870 Anchor Ave.
Cheviot Hills
$1,695,000
2060 Beverly Dr.
Beverly Hills
$1,499,000
1433 E. Mountain St.
Glendale
$998,000
135 Swall Ave., #103
Los Angeles
$989,000
9103 Gibson St.
Los Angeles
$849,000
11928 Kiowa, #302
Brentwood
$675,000
19933 Elm Place
Northridge
$609,000
11645 Montana Ave.
Brentwood
$439,000
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