Housing Price Holds Strong in Walnut - 05/26/09 07:43 PM
Below is a chart of percentage housing price changes in Chino Hills, Diamond Bar, Walnut and Phillips Ranch according to the newest data published by MDA DataQuick, a company that tracks housing price. Unlike most cities in Los Angeles where the 1 year percentage change are still in the negative, Walnut is up by 17.5%. Why is housing price holding so well in Walnut? Here are the main reasons: I. Top Ranked Schools Walnut School District is famed for it's top ranked schools. For parents who wants to send their school age children to great schools, Walnut becomes a top pick. … (0 comments)

Housing Market Recovery? - 05/24/09 05:44 PM
With the new signs of economic recovery, we are seeing large amount of solid buyers/investors returning to the market with 20% to 50% down payment to look for bargains. The wave of purchase starting in March is causing a huge reduction of available homes for sale and subsequently driving the market price upward rapidly. Inventory is at all time low. Some cities such as Chino Hills and Phillips Ranch are having inventory level below one month supply. The market frenzy is further indicated by multiple offers on the same home driving purchase price upward to as high as 10% more than … (4 comments)

Market Trend Reports Ending April 2009 for Chino Hills, Diamond Bar, Walnut & Phillips Ranch - 05/24/09 01:16 PM
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Selling a House with Pets at Home - 05/19/09 01:21 PM
This article is found at: http://homebuying.about.com/od/sellingahouse/qt/sellwithpets.htm Almost everybody loves pets except the home buyer who is buying your house. Don't ask me why, but that's often how it works out. Home sellers who adore their pets -- and I count myself as a huge pet lover -- have a hard time imagining the negative attitudes others harbor against pets. So, while this might be a bitter pill to swallow, if you want to get top dollar for your house, pay attention to how much you might lose with a dog or cat in residence. Why Don't Home Buyers Like Your Pet? … (4 comments)

Why Is It So Difficult To Get A Home Loan? - 05/15/09 08:25 AM
This article is found at: http://realtytimes.com/rtpages/20090304_homebuyer.htm
on March 4, 2009 It seems like every day someone is asking about why it is so hard to get a real estate loan. Just two years ago anyone, and I mean anyone, could get a loan to buy a house or condo. Well, the times have changed and rules from the lenders have changed right along with the times. Think for a second of home loan guidelines being similar to the old pendulum clocks. Just a couple years ago the pendulum was to the left, and it was probably too easy to get qualified. … (5 comments)

April Market Report - Phillips Ranch - 05/01/09 11:33 AM
Below is a chart showing the number of houses sold in Phillips Ranch from 2006 to 2009. In April 2009, 7 properties were sold and 19 properties went into escrow. Of the 7 properties sold, 1 is regular sale at bargain price, 2 short sales and 4 bank owned properties. 17 properties went into escrow in March and only 7 were sold in April showing the level of difficulty to close escrow successfully. Unless the property is an outrageous deal like the bank owned or short sales selling 10% to 40% below market, buyers are not that desperate to get the … (0 comments)