are you in DTLA--or nearby--with kids? here's an event for you!

A wonderful community event for Downtown L.A. families! When: Monday, October 31, 2011 •  5-8pm This party is intended for children from Downtown LA ZIP Codes: 90012, 90013, 90014, 90015, 90017, 90021, and 90071. Where: Grand Hope Park at FIDM (map) Please note: The party entrance is at Hope Street & 9th Street Cost: $5 for adults and children over 2 FREE for children 2 and under Buy tickets in advance to avoid waiting in line! Includes: Trick-or-treat doors Inflatable bounce house Video game truck Hot dogs & water Cotton candy & popcorn machines Fun face painting and crafts Balloon animals and jugglers Scott Land Marionettes Remember: Bring a candy bucket or bag! Costumes are required for children and suggested for adults. Sorry, no pets are allowed in the park. Parking: $3 flat-rate parking, 5-8pm Unified Parking Lot, 1024 S. Grand Ave. (map) Please note: To reach the party entrance at Grand Hope Park, please make your way northwest to 9th and Hope Streets. Share:  Facebook    Twitter     RSVP Today!

Photos from our 2010 event.

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Natalie Neith

Architectural Agent

The John Aaroe Group

I live in a cool Craftsman!

It's hotter than all get out!...however, our solidly built 100 year old Craftsman house feels almost like it's air conditioned! Welcome to West Adams! At the top of the 10 freeway, catching the breezes--when there are any....Hooray for historic houses!

House Prices expected to Fall Over Next Six Months--if you're thinking of selling, better sell now!

House Prices to Fall Over Next Six Months

by THE KCM CREW on OCTOBER 11, 2011 · 0 COMMENTS

in FOR SELLERS, PRICING

In a normal real estate market, it may make sense to wait for the spring buyers’ to appear before placing your house up for sale. The current real estate market is anything but normal however. The increase in supply of distressed properties will overshadow any increase in demand for housing over the next 6 months. This is reflected in the findings of two groups: Clear Capital andJPMorgan Chase.

Dr. Alex Villacorta, Director of Research and Analytics atClear Capital explained last week:

“The housing market has yet to demonstrate the fundamentals necessary to overcome a seasonal slowdown over the next six months, which drives our projected 3.2 percent drop in national home prices through the first quarter of 2012.”

HousingWire quotes analysts at JPMorgan Chase:

“Home prices could dip another 6% to 7%, before hitting rock bottom in early 2012.”

Bottom Line

If you are thinking of selling, it would be wise to put your house on the market before prices fall again.

John Aaroe Group agents say these are this week's BEST BUYS-- -Beverly Hills to La Canada!

1012 Hillcrest- Bev Hills….  $5,995,000-  6000 sq ft  mid century estate

1088 Hillcrest- Bev Hills…. $2,995,000-  4 bed 6 bath in Trousdale

1559 Clubview- Westwood-  $1,595,000 …3 bed 4 bath nice area 2 story Trad.

10122 Empyrean Way # 104- $895,000- Westwood- LE PARC- 2 bd 2 bath- 2000 sq ft

891 Chattanooga- Pac Pal-  $899,000 …. Nice house 3 bedroom 2 bath

838 Doheny-  Starting in the low $400,000--- West Holly- building has lrg assessment- could be good deals!

9015 Keith- We Ho- $599,000-  Craftsman fixer- 2 bedroom house plus guest house

823 Hauser- LA-  $899,000-  Mir Mile area- 3 bd 2 bath- done!!!!

740 Kings Rd- We Ho- $235,000-   1 bd 1 ba condo- short sale approved

452 Westmore- LA  $395,000-  Echo Park-  totally done- 3 bedroom, 2 bath Spanish- investor owned

69000 Bellingham- No Ho-  $264,900-  FIXER 4 bedroom 2 bath

5735 Beck- No Ho-  $389,000-  Cute 1940’s- 3 bd 2 ba

13331 Moorpark #331- Sherm Oaks-  $249,000- Sherman Village- 2 bd plus loft- 1600 sq ft

8209 Allott- Van Nuys- $329,000- restored 1957 – 3 bedroom, 2 bath

9800 Vesper #139-  Panor City-  $149,000-  townhouse 3 bed 2 bath- garage

256-258 Grace- So Pas - $899,000- totally charming duplex

1023 Oxford- La Canada- $1,495,000-  3000 sq ft- 4 bd on 1 acre

Amazingly LOW interest rates!!! Buy or Re-Fi!

Thirty-Year Mortgage Rate Falls Below 4%

10/06/2011BY: CARRIE BAY

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The average rate for the conventional 30-year fixed mortgage has dropped below the 4 percent mark for the first time in history, according to numbers released Thursday by Freddie Mac.

The GSE’s market analysis also shows that the 15-year fixed rate – which has become a popular refinancing option among existing homeowners – fell to its lowest level on record for the sixth consecutive week.

Freddie Mac’s regular weekly survey of mortgage rates is based on data collected from about 125 lenders across the country.

The GSE puts the average rate for a 30-year fixed mortgage at 3.94 percent (0.8 point) for the week ending October 6, 2011. That’s down 7 basis points from its average of 4.01 percent last week. As a point of comparison, last year at this time, the 30-year rate was 4.27 percent.

The 15-year fixed-rate mortgage came in at 3.26 percent (0.8 point) this week, dropping 2 basis points from 3.28 percent last week. A year ago at this time, the 15-year rate was averaging 3.72 percent.

Frank Nothaft, Freddie Mac’s chief economist, attributed the decline in fixed mortgage rates to a sharp drop in 10-year Treasuries earlier in the week as concerns over a global recession grew.

Adjustable-rate mortgages (ARMs) were mixed this week in Freddie’s study. The 5-year ARM dropped from 3.02 percent to 2.96 percent (0.6 point), while the 1-year ARMrose from 2.83 percent to 2.95 percent (0.5 point).

At this time last year, the 5-year ARM was averaging 3.47 percent, and the 1-year ARM was 3.40 percent.

Nothaft tied the rise for 1-year ARMs to shorter-term Treasuries, noting that the Federal Reserve began replacing $400 billion in short-term Treasury securities with longer-term bonds this week.

It's official!

It's official! 

I am a designated Aaroe Architectural Agent! 

(meaning I have completed necessary classes and created my Architectural Properties business plan!!!) 

Yahoo!!!

Do YOU have an architectural or historic property you'd like for me to list?