Diamond Bar Homes Sales Update

By Nef Cortez    Homes Sales Down! True Home prices up! Median Sales Price is down! The trends have changed. The lower number of sales usually indicates a lower sales volume, and so do home prices. The fact that the number of homes sales in Diamond Bar decreased for a third consecutive quarter is not […]

Sources of a Down Payment

By Nef Cortez   How much money does a person have to have in order to buy one’s home? The answer to this question, of course, varies in many ways. One variable is in what city one decides to make their home. That decision, of course, will affect the price of homes that a person […]

Prepare To Buy Right Part 2

By Nef Cortez Last week I wrote regarding what a buyer needs to do to prepare to buy a home. Steps such as accumulating a down payment, developing credit, as well as others steps they can take to prepare were presented. Here I now present some of the next steps: finding a realtor, finding a lender, and locating the home. Purchasing a home will be one of the biggest investments a […]

Prepare to Buy Right

By Nef Cortez Zig Ziglar, motivational speaker/author quoted: “Success occurs when opportunity meets preparation.”  How does opportunity meet up with a home buyer? Opportunities will present themselves.  Important prerequisites for a home buyer to include in their planning to be “buyer ready” and prepared to buy right and at the right opportunity are: build credit, […]

Where Will Our Children Buy?

By Nef Cortez Some have likened living and raising a family in the wonderful community of Diamond Bar to the “fantasyland life experienced at Disneyland”. Many longtime residents of Diamond Bar have worked their way up to being able to afford this safe and beautiful community.  The comparison of where they live now to where […]

Diamond Bar “Fix and Flip”

By Nef Cortez Are there fix and flip opportunities in Diamond Bar? It appears there are. Generally, fix and flip opportunities are more common in communities that are long established, where the housing stock is older, and the combination of time and deferred maintenance intersect to provide the “perfect storm” that allows for the fix […]

Diamond Bar Housing

By Nef Cortez The Diamond Bar housing market has achieved a median sales price which is at an ALL TIME high! The roller coaster ride that has been housing sales prices in the last 30 years is now achieving new record high levels.  Factors that drive this market to its current high include a shortage of […]

Eaten Out Of House…

By Nef Cortez ​…And Home!.  Many a person who is a head of a household makes this outcry when facing the burdens and responsibilities of having to provide for their families.  They feel so burdened by trying to make ends meet, such as the home mortgage, the taxes, the insurance, utilities, and food.  However, there […]

Diamond Bar Home Sales Update!

By Nef Cortez Homes Sales Down! Home prices up! Usually when sales volume goes down, so do home prices. The fact that the number of homes sales in Diamond Bar decreased for a second consecutive quarter is not an indication that there is a lowering of demand for homes in this community. It is more […]

Interest Rates Going Up?

By Nef Cortez Housing affordability is greatly affected by the interest rate that one can secure when obtaining their loan. Interest rates go up and down, and are largely influenced by forces that affect all markets: Supply and Demand. Due to the Great Recession of 2008, long term mortgage interest rates have been low for […]

Rent or Buy?

By Nef Cortez Most people start their independent living when they first move out of their parent’s home by renting.  They either choose to rent a room at another person’s home, or possibly move into a friend’s apartment. Many times they go from that living arrangement to sharing the cost of renting an apartment or […]

Why Sell Now?!

By Nef Cortez How can it be a good time to buy and at the same time a good time to sell? Real Estate is local!  Although Macroeconomic factors are the overall influence on the real estate market, individual property values are most influenced by local market conditions. We have all heard the mantra “Location, […]

Real Estate Resolutions 2018!

By Nef Cortez Here we are at yet another New Year!  Time seems to pass us by so fast!  And as usual at this time of year we sit back and reflect what we accomplished last year and vow to make the New Year 2018 better with our New Year’s Day resolutions! And while you […]

Housing’s Happy New Year!

By Nef Cortez The Real Estate market has seen a continuing upward price increase in the last twelve months, closing out 2017 with a gain of approximately 6% across the US.  The prices have been increasing similarly here in Diamond Bar for the same period. The major concerns for the housing market over the last […]

House and Senate Pass Tax Reform and Jobs Act

By Nef Cortez The House of Representatives and the United States Senate have now passed the Tax Reform and Jobs Act, and will send the legislative bill to President Donald Trump for signature. There are some major changes in the Tax Act that will directly impact the housing industry and the real estate market. Specifically, […]

Diamond Bar Home Prices Soften!

By Nef Cortez Home prices in Diamond Bar have softened for the first time since the upturn from the Great Recession. According to the California Regional Multiple Listing Service, the Median Sales Price for all homes, townhomes and condominiums Sold in  Diamond Bar in the 3rd Quarter of 2017  stood at $580,000. (The Median Sales […]

Rent or Buy?

By Nef Cortez Most people start their independent living when they first move out of their parent’s home by renting.  They either choose to rent a room at another person’s home, or possibly move into a friend’s apartment. Many times they go from that living arrangement to sharing the cost of renting an apartment or […]

Giving Thanks for Housing

By Nef Cortez Everyone that has a “roof over their heads” has a reason to be Thankful.  Many of us were able to sit around the dinner table and enjoy this Thanksgiving with family and friends. In contrast, there are many unfortunate people throughout the world that are spent this Thanksgiving Day 2017 without one […]

Tax Reform and Housing

By Nef Cortez The current effort to Reform the Tax Code can have some very disconcerting consequences to homeownership in California. The incentives that are built into the tax code benefit Homeowners directly in the ability to claim as a deduction the interest paid on a home mortgage, as well as the property taxes paid. […]

Payoff Home Loan Early!

By Nef Cortez You can save tens of thousands of dollars, possibly even hundreds of thousands, in the repayment of your home loan by using a very simple money management trick.  The typical home loan that is taken out in the purchase of a home is written or amortized over a 30 years period.  The […]