The Jones Report - REAL Estate News from Sally Forster Jones
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Sally Forster Jones - your number one realtor call 310.281.3999
9388 Santa Monica Bl, Beverly Hills, CA 90210
In This Issue
 New Listings
 New Leases
 People are Buying!
 New Stimulus Plan
 Benefits of a Short Sale!
 Coming Soon/Just Sold
 Coming Soon
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NEW LISTINGS

Milldale

$4,395,000
15475 Milldale Dr., Bel Air Totally Redone on Large Lot!


Angelo Circle

$2,395,000
10138 Angelo Cir., BHPO
Exquisite Designer Home!

22nd

$2,100,000
403 22nd St.,Santa Monica
Great Location on a Large Lot!


glorietta

$1,425,000
3432 Glorietta Pl.,
Sherman Oaks
Beautiful Private Home!


Travis

$1,349,000
12150 Travis St.,Brentwood
Large Lot Sold with Plans!


Ogden

$1,149,000
912 S. Ogden Dr.,Miracle Mile
Unspoiled Spanish Charmer!

NEW LEASES

Dalehurst

$9,750/Lease
515 Dalehurst Dr.,
Little Holmby
Extraordinary Contemporary!

Park Wilshire 1506

$8,000/Lease
10724 Wilshire #PH1506
Wilshire Corridor
Fully Furnished Condo!


Moorpark

$1,875/Lease
10627 Moorpark #1,
Toluca Lake
Lovely Townhome-Great Area!
GREETINGS FROM SALLY

March 24, 2009

Sally Photo1
Why is now a good time to buy?  Housing affordability is the highest in years, interest rates are down, and there are numerous first-time homebuyer programs available.

Also, with a slew of foreclosures, REOs and short sales on the market, the selection of available properties and the willingness for sellers to negotiate great deals present a perfect opportunity for those who are willing and able to make a move. With recent home sales activity on the rise in Southern California, if home ownership is a goal, then now is the time to buy. In my opinion, the best long-term asset is real estate.

Of course, factors of our current economic state will determine if the sales pace will hold. However, I am hopeful with the new government initiatives, the housing market will continue to stabilize.

I will take the time and efforts necessary, to make your next home buying or selling experience pleasant and successful. Email me or give my team a call with any questions or comments.

Sincerely,

Sally Signature
PEOPLE ARE BUYING!
U.S. Mortgage applications rose for the first time in three weeks as near record-low interest rates spurred demand for home refinancing and purchase loans, data from an industry group showed on Wednesday, March 11th.  It doesn't really matter if interest rates on mortgages move up one week or move down another, they're still at historically low levels. 

The jump in mortgage applications came several weeks after the unveiling of the strongest government action yet to aid homeowners since the market meltdown began.  This may be a good sign of what's in store for spring, which is the peak of the home-buying season. 

Read Full Article
4 WAYS THE STIMULUS PLAN BENEFITS HOMEOWNERS & BUYERS
The Obama administration appears to have hit the ground running.  ABC News has reported that numerous projects and "renovations" are underway in Washington.  There is a much anticipated $787 billion stimulus plan, which among numerous other issues, is expected to create 3.5 million jobs in the next 2 years. 

Benefit 1 - Expansion of Home Improvement Tax Credit

Benefit 2 - Expansion of First-time Home Buyer Tax Credit
 
Benefit 3 - Higher Reverse Mortgage Loan Limits

Benefit 4 - $729,750 FHA and Conforming Loan Limits Restored in High Cost Areas

Read Full Article
BENEFITS OF A SHORT SALE!
There are many homeowners who are now finding themselves in a situation where they cannot afford to pay off their mortgage.  There is a solution!  Other options are available to homeowners in trouble, rather than going through the whole process of foreclosure. 

Short sales are a good solution.  They involve the sale of your property at a low price.  Banks would rather take the money than your property.  As the borrower, you can propose a short sale to the lender so that everyone will benefit.  Lenders are not required to negotiate discounted payoffs, and there is no guarantee your lender will let you do a short sale.   However, nothing ventured, nothing gained.

A short sale can be beneficial to the homeowner or borrower because:
- It can help them save their credit history.
- It can help them find a solution to an otherwise embarrassing situation. 
- It could reduce the stress of finding funds to answer a certain financial obligation. 
- It is the faster solution to the foreclosure process.

Read Full Article
 
COMING SOON
JUST SOLD
1319 Amalfi Drive
Pacific Palisades

2132 Mt. Olympus
Sunset Strip/Hollywood Hills-West

9042 Monte Mar Dr.
Beverlywood

1855 Industrial St. #609
Downtown Los Angeles
10313 Cheviot Dr.
Cheviot Hills
$1,995,000

3301 Club Dr.
Cheviot Hills
$1,899,000

8331 Skyline Dr.
Hollywood Hills West
$1,999,000

910 Gibson St.
Beverlywood
$849,000
IN ESCROW

2109 Ridge Dr.
Mountaingate
$1,995,000

2870 Anchor Ave.
Cheviot Hills
$1,850,000

135 Swall Ave., #103
Los Angeles
$989,000

1433 E. Mountain St.
Glendale
$918,000

16612 Honeybee Dr.
Tustin
$902,500

1505 Roscomare Rd.
Bel Air
$899,000

135 Swall Ave., #301
Los Angeles
$879,000

135 Swall Ave., #PH2
Los Angeles
$799,000

135 Swall Ave., #102
Los Angeles
$729,000

11928 Kiowa, #302
Brentwood
$675,000

21033 Avenue San Luis
Woodland Hills
$645,000
 
19933 Elm Place
Northridge
$609,000

4949 Genesta Ave., #301
Encino
$599,000
310.281.3999
Sally Forster Jones - your number one realtor

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