The months of supply of homes for sale is low for single family homes in Diamond Bar. From this time last year, the supply of homes for sale has decreased by 57%.     In the city of Diamond Bar over, since last September, the median sales price has decreased by 2%.  Additionally, this is not the only good news. Since last year, the average days on the market has increased by 21%. This means homes are on the market approximately 10 days longer. So what does all this mean for you? It means that there are many buyers looking in Diamond Bar, homes continue to  sell for close to the same price as this time last year but they are staying on the market a little longer than last year. Keisha Hosea is a local Market Expert and Realtor in Chino Hills, California with Keller Williams Realty, She i... 10/08/2009

Navigating through any home sale can be full of bumps and pitfalls just in general. Now in our current climate, let's add on a short sale issue on top of all of our every day bumps. Okay, so now that we have navigated our way through three months of the murky waters that we currently call a 'short sale negotiation' now let me introduce you to our next delightful pain in my side. I'd like to introduce you to the fine gentleman who runs the Home Owners Association. We'll just call him MR. HOA. Home Owner Association documents were requested in writing from Mr. HOA weeks ago. Numerous people have called to inquire about the status of the HOA documents to no avail. So here we are down to the final week before closing and we are still looking for these documents. I put in another call to Mr.... 09/27/2009

The months of supply of homes for sale is low for single family homes in Diamond Bar. From this time last year, the supply of homes for sale has decreased by 31%. There are 16% more homes available since last month.  The supply and demand for single family homes in Diamond Bar shows us that while the supply is down 34%, the demand for single family homes is up by 15%. Despite what you may have heard from the national media reports, in the city of Diamond Bar over the past year the median sales price has increased by 5%. This is a 1% gain since last month. This is not the only good news. Since last year, the average days on the market has decreased by 19%. This is also up since last month by 15%   Keisha Hosea is a local Market Expert and Realtor in Chino Hills, California with Keller Wi... 09/23/2009

In an effort to stimulate housing demand, President Barack Obama included a tax credit of up to $8,000 for certain first-time home buyers in the $787 billion economic stimulus package he signed in February. Only buyers of principal residences who make purchases before December 1 and have an adjusted gross income of $75,000 or less (or $150,000 for married couples) are eligible for the full credit. We are experiencing a boom real estate market starting this March right after the law is in effect. Falling home prices have worked their magic and the tax credit has played a key psychological role in pushing buyers off the sidelines. The tax credit is one of a number of factors that have worked to bolster the housing market in recent months especially entry level home that is priced below ha... 09/20/2009

We have over 800 active buyers in our database. Many of these buyerswould like a home like yours. Think about this....The months of supply of homes for sale is extremely low for single family homes in Diamond Bar. From this time last year,the supply of homes for sale has decreased by 47%. The supply and demand for single family homes in Diamond Bar shows us that while the supply is down 30%, the demandfor single family homes is up by 18%. Despite what you may have heard from the national media reports, in the city of Diamond Bar over the past year themedian sales price has increased by 4%. This is not the only good news. Since last year, the average days on the market has decreased by 4%.So what does all this mean for homesellers? It means that there are many buyers looking in Diamond B... 08/22/2009

One of the most common concerns from buyers is the condition of the house. Buyers do not want to end up with a house that has lots of problems. To avoid that, here are five steps to protect buyer's interest in the purchasing process: 1. Buyer's own visual inspection. Some of the problem can be easily spotted such as broken windows, shifted foundation or mold. 2. Agent's visual inspection reports. Both listing and buying agents will fill out a separate report detailing what they see visually about the property and give buyer a copy. 3. Sellers are required to disclose certain types of information about the homes they are selling. Sellers will provide a report to disclose condition of the house. 4. Professional home inspection detailing the condition of the property. Once the defects are ... 07/29/2009

Due to the $8000 federal tax credit to first time homeowners who purchase their primary residences before end of the year, the demand on houses selling less than $500,000 is very high causing a short supply on this type of housing. Buyers who already know their area interests are in a stand by mode waiting for new listings to show up on the market. Inventory level remains very low in Walnut, Diamond Bar, Phillips Ranch and Chino Hills. It is below 2 months supply in Walnut and Diamond Bar and below 1 month supply in Chino Hills and Phillips Ranch. This posts a great opportunity for sellers who need to sell their properties due to various reasons to put the houses on the market to satisfy the huge demand generated from the $8000 federal tax credit that will be expired by the end of the y... 07/15/2009

Recently I am seeing bank owned homes received 30-50 offers couple of days after it was listed. Especially the ones that are in good move in condition with lots of upgrades. I am also seeing overbidding on the bank owned properties at a price that is substantially higher than the regular sales at market price. The followings is a list of example of bank owned homes recently sold to demonstrate this kind of emotional bidding. No. 1 - 1955 Silver Hawk Drive, Diamond Bar List Price: $549,900 Sold 18.6 % over asking price for $652,000 On 05/18/09 No. 2 - 1024 Summitridge Drive, Diamond Bar List Price: $621,225 Sold 12.3 % over asking price for $698,000 On 06/17/09 No. 3 - 20133 Illuso Ave, Walnut List Price: $400,000 Sold 12.5 % over asking price for $450,000 On 06/11/09 No. 4 - 3258 Olympi... 07/08/2009

According to Dataquick's newest report for California 2009 May Home Sales: "The median price paid for a home last month was $230,000, up 4.1 percent from $221,000 in April, and down 32.2 percent from $339,000 for May a year ago." California Median Home Price May 2008 $ 339,000 April 2009 $ 221,000 May 2009 $ 230,000 Buyers often ask me whether the market price will continue to drop and want to find out if this is the right time to purchase real estate. Savvy investor knows the best time to make a purchase is when the market hits the bottom and is on the process of rebounding. So if we are down 32.2% from last year and up 4.1% from last month, this may be the good indicator to assist buyers in making their purchase decision. 06/26/2009

Buy a house in s good school district is one of the main reasons for family looking for a new home in the summer. The following is a chart of State's 2008 API school reports for Walnut, Diamond Bar, Phillips Ranch and Chino Hills to assist buyers who are factoring the shcools into their buying decision. Elementary Jr. High High School Walnut (West) - Walnut Schools C. J. Morris 842     Collegewood 893     Walnut 822 Westhoff 926 Vejar 862 Suzanne 918 Walnut 871 Walnut (East) - Rowland Schools Oswalt 887 Ybarra 881 Rincon 751 Nogales     674 Rowland 783 Diamond Bar (South) - Walnut Schools Castle Rock 890     Evergreen 923     Maple Hill 885     Quail Summit 903   South Pointe 870 Chaparral 902 Diamond Bar 858 Diamond Bar (North) - Pomona Schools Diamond Point 866     Golden Springs 908 ... 06/14/2009

10 GREENEST AIRLINES* Virgin America * Continental * Horizon * JetBlue * Southwest * Northwest * Delta * American * United *US AirwaysIF YOU ARE TRAVELING THIS SUMMER THINK GREEN 06/10/2009

There is potential for the interest rate/ payment to fluctuate. ARMs transfer to borrowers a portion of the risk associated with a changing economy. In exchange for sharing the risk, ARMs offer borrowers initial interest rates that are substantially lower than fixed-rate mortgages. The lower interest rate may help borrowers qualify more easily; qualifying factors may vary. 06/09/2009

Interest rate does not change. Principal and interest (P & I) does not change. Fixed-rate mortgages fully amortize over a defined period of time and are paid in-full at the end of the loan term. Different loan terms are available (15- and 30-year terms are most popular). The shorter the term, the faster equity is built and the loan is paid off.   06/09/2009

I WAS THINKING OF ALL MY FRIENDS HERE IN ACTIVE RAIN COMMUNITY & I WANTED TO LET YOU KNOW.... I HOPE EACH AND EVERYONE OF YOU HAD A WONDERFUL DAY =-) 06/09/2009

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. But now the pendulum has swung all the way to the right, and it is very difficult to get qualified. Often, the lending industry swings its requirements from one extreme to the other without stopping at a sensible middle ground. For now ... 05/15/2009

1. Give your car a break: For each gallon of gas you save you keep 20 pounds of carbon dioxide out of the environment and $5.oo in your pocket 2. Go for the double paned windows: Double paned windows are up to 40% more energy efficient. 3. Plant trees: Trees that surround your house can provide shade & keep your house cool. 4. Give your A/C a break: Ceiling Fans use far less energy than a A/C. 5. Try a Meatless Meal: People who cut just one Meat meal a week save 70,000 pounds of grain, 70,000 pounds of topsoil & 40 million gallons of water in one year. 6. Bring your Bag: Bring your bag to the grocery stores. 7. Turn Off & Un Plug: You can save up to 75% by not only turning off your electronics but unplug them too. $10.00 off your monthly bill. 8. Run a full load: Laundry & Dishes, Look ... 04/21/2009

  City of Diamond Bar 20th BIRTHDAY PARTY!Today April 18th from 11:00- 5:00 Pantera Park. (Kids Rides & Teen Action group open until 8:00)* Kid Zone * Carnival Rides * Food Booths * Teen Action Group * Car Show * Earth Day Display * Local Community Entertainment * PLUS BIRTHDAY CAKE FOR EVERYONE :)   04/18/2009

Paint and polish. Manicure the grounds. Make needed repairs. Unclutter. Clean.   04/17/2009

Home warranty is normally purchased by the seller for the buyer covering a year after close of escrow. It covers most interior problems that is not covered by the homeowner insurance policy including electrical, plumbing, A/C, water heater, pool and spa equipment depending on the type of coverage purchased. If not sure about the coverage, it is always a good idea to call the home warranty company to find out if that particular defect is covered. Here's how it works: 1. If a home system or appliance breaks or stops working, the home owner calls the home warranty company. 2. The home warranty company calls a provider with which it has a business arrangement. 3. The specific provider calls the home owner to make an appointment. 4. The provider fixes the problem. If an appliance is malfunct... 04/17/2009

All Real Eatate information you need to know.   http://realtytimes.com/REUv/BarbaraRounds 04/16/2009