Chino & Chino Hills Community Website, Business Directory & News Articles

March 11, 2010By Keisha Hosea

The months of supply of homes for sale is extremely low for single family homes in Chino Hills. From February 2009 to February 2010 the supply of homes for sale is down 78%. With approximately a 2.5 month supply of homes, Chino Hills is experiencing a seller's market. The supply and demand for single family homes shows us that the supply is down 37% since this time last year, the demand for single family homes for sale is up 19%. Although d >>

March 3, 2010By -Articles From Everywhere About Chino Hills and Chino

HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has been named to market for sale The Shoppes at Chino Hills,

IRVINE, Calif., Mar 01, 2010 (BUSINESS WIRE) -- The Orange County office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has been named to market for sale The Shoppes at Chino Hills, a 380,000-square-foot trophy lifestyle center in Chino Hills, California. HFF senior managing director Ryan Gallagher and directors Kelly Rohfeld, Bryan Ley and John Crump will market the property on behalf of the seller, a bank consortium group. T >>

March 3, 2010By Paul Molinaro

Local Attorney offers his view on legal issues of the times

First, it should be noted that lawsuits are not fun. The process is costly and consuming. For this reason alone, only cases that have merit and a likely payoff should be brought. Not only is this a good idea, it is also the law. Frivolous lawsuits are not just disfavored; they can result in a vexatious litigant paying the other side's attorneys' fees, and for the lawyer, disciplinary action. Now, with that out of the way, here are some frequent c >>

February 24, 2010By Keisha Hosea

A frequently asked question and concern by many buyers is, "Why Do I See So Many Homes For Sale But My Realtor Does Not Show Them To Me?" Many buyers believe that they are missing out on something. They see tons of signs around town and do not understand why their Realtor has not shown them these homes. They also might not understand why these homes are not coming up in their web searches. Well, here are a few of the reasons why. For >>

February 10, 2010By Frank Oddo

"Get Out While The Getting Is Good"

By now most of you understand how a Adjustable Rate Mortgage Loan (ARM) works. If not, here is a refresher course; The ARM loan has an Index and a Margin. The Index is a economic indicator. Like the Prime rate, or a T-Bill etc. A Margin is a constant number that is assigned to your loan when you closed the transaction. You can find both of these in your promissory note. When you add the two together, it determines your rate. It's that sim >>

February 5, 2010By Keisha Hosea

Chino Hills, CA Home Values and Home Sales for January 2010 The months of supply of homes for sale is extremely low for single family homes in Chino Hills. From January 2009 to January 2010 the supply of homes for sale has decreased by 53%. We currently have a 2.4 month supply of homes, thus making Chino Hills a seller's market currently. The supply and demand for single family homes shows us that the supply is down 50%, the demand for sin >>

January 16, 2010By Keisha Hosea

Is Saving the Commission Really Saving Yourself Money? It's no secret. Most of us love a good bargain and we especially love when we can save ourselves some money. Becoming a For Sale By Owner is one of those times where sometimes the first inclination is to sell the home on our own because we can cave money. Truth is, that sometimes we lose sight of the forest for the trees. Now let's be truthful... sure there are For Sale By Owners who have >>

January 8, 2010By Keisha Hosea

Chino Hills, CA Home Values and Home Sales for December 2009 The months of supply of homes for sale is extremely low for single family homes in Chino Hills and has remained consistently low over the past four months. From this time last year, the supply of homes for sale has decreased by 79%. This is an additional 6% decrease since November 2009. The supply and demand for single family homes in Chino Hills also shows us that the number of s >>

January 3, 2010By Keisha Hosea

Sometimes Realtors fear telling buyers about the market. They fear that it will cause them to lose a potential client. While there are some who would rather bury their heads in the sand, the average buyer (or seller for that matter) in the end appreciates the truth more than the sugar coated lollipop version. I had a buyer who recently contacted me with the following scenario: 1. Not pre-qualified as of yet 2. Plans to attend a work sho >>

November 20, 2009By -Articles From Everywhere About Chino Hills and Chino

G&O Chino Property Leases 82,645 SF to Auto Parts Company

C.G. Motor Sports Inc., a growing and developing Southern California-based auto parts manufacturer, signed an 82,645-square-foot lease for seven years with G&O Chino Property in Chino, CA. The tenant will occupy approximately 30 percent of the building. The one-story, 269,418-square-foot industrial building is at 5150 Eucalyptus Ave. It is in the West San Bernardino submarket and was constructed in 1990. >>

November 6, 2009By Keisha Hosea

Many home buyers have been on pins and needles awaiting the decision on the tax credit extension.

Current home owners have also been anxious to see if they would be given the opportunity to have a piece of this stimulus package. Looks like the wait is over. The Senate's recent vote resulted in a 98-0 win and today it was passed in the house. The bill must now be signed by the President. The First-time home buyers tax credit of up to $8,000 was due to expire on December 1, 2009 but will now be extended through April 30, 2010. The newly >>

November 5, 2009By Keisha Hosea

What's the Market Like?

Chino Hills Home Values and Sale for October 2009 The months of supply of homes for sale is extremely low for single family homes in Chino Hills. From this time last year, the supply of homes for sale has decreased by 78%. The supply and demand for single family homes in Chino Hills also shows us that the number of single family homes for sale is down 61%. The number of homes for sale (demand) for single family homes has increased by 6%. >>

October 10, 2009By Keisha Hosea

MONTH'S SUPPLY OF INVENTORY The month's supply of homes for sale is extremely low for single family homes in Chino Hills. From this time last year, the supply of homes for sale has decreased by 75%. SUPPLY AND DEMAND BY MONTH The supply and demand for single family homes in Chino Hills also shows us that the number of single family homes for sale is down 60%. The number of homes for sale (demand) for single family homes has increased by >>

September 29, 2009By Art Bennett

Is your home worth less today than when you bought it? If so read on...

If the answer is yes, you probably purchased your home between late 2003 and early 2008. We all know from the news that home prices in late 2008 dropped significantly in California; some sources say as much as 60% in some areas of California. There is no real effective way to ease the pain of a drop in the market value of your home, but there is some relief that can help you with the amount of property taxes you pay on your home. Let's tal >>

September 5, 2009By The Editor

August 2009 Statistics

The months of supply of homes for sale is extremely low for single family homes in Chino Hills. From this time last year, the supply of homes for sale has decreased by 77%. Over the past year the median sales price has decreased by 14%. Since last year, the average days on the market has increased by 3%. So what does all this mean for you? It means that if you are a seller in Chino Hills, you are quite likely to be able to sell quickly an >>

July 27, 2009By Frank Oddo

Opportunity Knocks

All this year I have been keeping you abreast of important changes in the lending industry. You need to take note and improve or repair your financial situation. Don't just sit back and think it will get done on its own. It's time for you to evaluate your situation to see if these changes can help you. In almost every one's present situation, there is an opportunity for improvement. Below I have explained four of the most important issue >>

June 9, 2009By Jason Guadalajara

Vow websites are the new way to search for a property by yourself without the need of a broker to do the search for you.

An antitrust lawsuit filed against the NAR regarding the use and display of MLS listings over the internet in 2005 has been settled. A new standard of public mls access has emerged which is called a "VOW" or Vitural Office Website. VOW's allow public access to the same data a real estate agent would previously see through a password protected log in page. Consumers can now create and save custom searches and be notified via email as >>

May 6, 2009By -Articles From Everywhere About Chino Hills and Chino

In a 1031 exchange, 26 Del Sur Crossroads I, LLC sold a 90,879-square-foot regional retail center in Chino Hills, Calif., to GAS Distomo Inc. for $25.525 million. Donald MacLellan, senior managing director, and Nick Coo, managing director of Faris Lee Investments, represented the seller in the transaction. Mitch Rosen of Commercial Real Estate Services represented the buyer. Located at 3060, 3070 and 3090 Chino Ave., and known as Crossroads >>

April 23, 2009By The Editor

Sun belt regions were hit hardest

In RealtyTrac's latest press release, the Inland Empire was 5th in the nation as to percent of homes in foreclosure as related to the number of housing units. According to their report there are a total of 50,885 homes in foreclosure in the IE. This means that one in twenty-eight or 3.54% of homes in the IE have received notices within the quarter. This was an increase of 40.94% from the last quarter of 2008. Las Vegas was the worst with a rat >>

March 27, 2009By -Articles From Everywhere About Chino Hills and Chino

Only 311 of 2,200 planned homes completed.

CHINO - Development at the city's second largest new housing community has slowed to a crawl, with its developer deciding not to move forward with the next phase of development because of the recession, city officials and the developer said. Officials had earlier estimated College Park to be complete in about a decade, but the recession and housing downturn have stalled movement on anticipated completion time frames by about five years or howe >>

February 16, 2009By Joe A

Members of a recently formed public benefit corporation visited legislators and policy makers in Washington, D.C. this week to educate them about their efforts to tackle the Inland Empire's foreclosure and economic woes. "The timing of us being here is incredibly important," said San Bernardino County Second District Supervisor Paul Biane, who proposed the creation of the Inland Empire Economic Recovery Corporation (IEERC) and serve >>

February 12, 2009By -Articles From Everywhere About Chino Hills and Chino

By David Galland, Managing Editor, The Casey Report, Casey Research

I have often said that humans are like rats in that they are extremely ingenious when it comes to looking after their personal interests. Lock a rat in a metal box and it will almost be able to figure a way out. Almost. A human would actually have a shot at it. In the debate about what went wrong with the economy and how to fix things, the topic of loose credit standards usually arises early in the discussion. And correctly so. Due to loose cr >>

February 10, 2009By -Articles From Everywhere About Chino Hills and Chino

Fourteen Chino homes were listed for sale during the week ending Feb. 7, 2009, and nine homes entered escrow, according to the Inland Multi-Regional Multiple Listing Service. A total of 289 Chino homes were listed for sale in the MLS on Feb. 8. Included were 151 single-family homes not in associations. There were 138 condominiums, townhomes and single-family homes in homeowner associations listed for sale in Chino on Feb. 8, >>

February 2, 2009By -Articles From Everywhere About Chino Hills and Chino

Shopping center lost Circuit City

CHINO - The economic downturn has delayed final completion of the Panattoni-developed Rancho Del Chino Project, according to the developer and city officials. Officials had expected development on Phase 2 of the project by now, but the tremendous impact of recession, and the loss of expected anchor tenant Circuit City to bankruptcy, has moved the timeframe from a year to 24 months from now, officials said. Retail property-owning companies s >>

January 30, 2009By -Articles From Everywhere About Chino Hills and Chino

Lewis Homes exec. shares his views

We asked Randall Lewis his thoughts on the Inland Empire's housing market, the economy and the massive economic spending-and-tax-break legislation poised to launch in Washington. The Upland-based Lewis Group of Cos., a family-owned company founded in 1955 in Claremont, sold Lewis Homes -- its home-building business -- to what is now KB Home. The Lewis Group develops master-planned communities and residential subdivisions, and it builds and >>

January 21, 2009By Joe A

Jan. 18, 2009...

Twenty-six Chino homes were listed for sale during the week ending Jan. 17, 2009, and 16 homes entered escrow, according to the Inland Multi-Regional Multiple Listing Service. A total of 308 Chino homes were listed for sale in the MLS on Jan. 18. Included were 170 single-family homes not in associations. There were 138 condominiums, townhomes and single-family homes in homeowner associations listed for sale in Chino on Jan. 18, >>

January 20, 2009By Joe A

Shopping malls in trouble.

The multi-million dollar firm that owns your local shopping mall might be hurting for tenants by the end of 2009. Just off the heels of depressing Christmas retail sales, experts are saying the recession gripping our country's economy will squeeze some retailers to the point of shutting down more stores, on top of the ones already closing last year. Landlords will struggle to retain retail shop owners as consumers scale back their spending, >>

December 31, 2008By -Articles From Everywhere About Chino Hills and Chino

City of Chino and developers may have a legal scuffle

CHINO - Some residents at the Lamplighter mobile home park are afraid they won't be able to afford the cost of staying in their own neighborhood. This could happen, they say, if the park's owners succeed in their bid to subdivide and convert the park from rental lots to ownership lots. "There are a lot of people in this park who are elderly and some of these people hardly have money to eat on," said resident George Klotz, a former >>

December 31, 2008By -Articles From Everywhere About Chino Hills and Chino

Eight Chino homes were listed for sale during the week ending Dec. 27, 2008, and 24 homes entered escrow, according to the Inland Multi-Regional Multiple Listing Service. A total of 320 Chino homes were listed for sale in the MLS on Dec. 28. Included are 174 single-family homes ranging from $155,000 to $1,635,000... Read >>

December 11, 2008By -Articles From Everywhere About Chino Hills and Chino

Facilities Trade for $2.3 Million

American Landscape has purchased two industrial buildings on La Palma Drive in Chino, CA, from private investors for $2.28 million, or about $122 per square foot. The portfolio consists of the 8,884-square-foot manufacturing building at 15090 La Palma and the 9,814-square-foot warehouse at 15086-15088 La Palma. Read the story >>

December 11, 2008By -Articles From Everywhere About Chino Hills and Chino

Some economists think the housing market should bottom out next year

Economists say California will remain in recession for at least most of 2009, and the state can expect to see higher unemployment and lower incomes, a pair of economic forecasts released this week said. However, economists at two Southern California universities say the depressed housing markets will finally bottom out next year. If nothing else, housing won't do as much damage to the overall economy as has already been done, and it could help >>

December 8, 2008By -Articles From Everywhere About Chino Hills and Chino

Thousands of foreclosed homes in the county are "being snapped up for prices below their real value," news release says.

A proposed public-private partnership that could shape the Inland Empire's economy for years to come is focusing its energies elsewhere after the Treasury Department announced in mid-November that it won't be buying distressed real-estate assets from troubled banks and selling them off. City and business leaders who are behind the yet-to-be-formed partnership - the Inland Empire Economic Recovery Corp. - were initially lobbying Treasury Secret >>

November 29, 2008By Keisha Hosea

Will It Help You?

The latest help effort for distressed home owners set to roll out December 1st is aimed at borrowers with subprime mortgages or option ARM which allow homeowners several pay options each month. The premise is to modify a loan's terms to create a new monthly payment. The new monthly payment would include principal, interest, taxes and property insurance and equal 34% of a borrower's verified income. Countrywide and its subprime unit promised to co >>

November 29, 2008By -Articles From Everywhere About Chino Hills and Chino

Local realtor, Keisha Hosea reports

Chino Hills continues to be a city of growth and economic development despite the dip in the median home sale price. Based upon its central location to neighboring counties, top notch schools and overall community atmosphere, people are sure to continue to flock to Chino Hills. Thus far for 2008, the second quarter showed the highest number of home sales at a little over 250 homes sold. However, historically speaking, the second quarter tends >>

November 26, 2008By -Articles From Everywhere About Chino Hills and Chino

New ceiling could affect prices

Homeowners and buyers in Inland Southern California will learn next month if they will benefit from new federal guidelines designed to spur house sales and to help people refinance to avert foreclosure. Ironically, this area's fast-falling median home prices could work against the value of the bailout effort long sought by the mortgage and real estate industries. The Federal Housing Administration says it will publish new ceilings for the F >>

November 18, 2008By -Articles From Everywhere About Chino Hills and Chino

Sales soaring though

Home prices continued to fall in Inland Southern California last month, but sales were still at an unseasonably high level across the six-county area, a real estate research firm reported today. The median home price in Riverside County fell to $230,000 in October, DataQuick Information Systems reported. That is $7,500 drop from September; the median price in Riverside County has declined 35.4 percent in the last 12 months. >>

November 14, 2008By -Articles From Everywhere About Chino Hills and Chino

Average premium $1036 / year in Chino Hills

San Bernardino homes have the most expensive annual premium for earthquake insurance under California Earthquake Authority insurers, according to a CEA report recently released in anticipation of Thursday's the Great Southern California Shakeout. A 1996 one-story, wood-frame home's annual premium, factoring in certain assumptions, would cost $1,040 in San Bernardino, $910 in Chino, $648 in Chino Hills and >>

October 20, 2008By Art Bennett

Is your home worth less today than when you bought it?

If the answer is yes, you probably purchased your home between late 2003 and mid 2007. We all know from the news that home prices have dropped significantly in California; some sources say as much as 60% in some areas of California. There is no real effective way to ease the pain of a drop in the market value of your home, but there is some relief that can help you with the amount of property taxes you pay on your home. Most everyone has h >>

October 4, 2008By Keisha Hosea

Some great estate planning tips

It can be a time of great disorder, despair and overwhelming responsibility. But it can be made easier. Oft times individuals are caught off guard by a parents death and must then sort through years of belongings and sell the family home. The executor has the responsibility and liability for any financial and legal decisions associated with the sale of the home and its contents. As an executor, seek help to clear out these lifetime accumulatio >>

October 4, 2008By Keisha Hosea

What the newly signed law means to you

On October 3, 2008 the U.S. House of Representatives approved the Emergency Economic Stabilization Act by a 263 to 171 vote. The legislation was then signed into law by President Bush. Here is what the legislation does that will better the economy: 1. It requires the Treasury Dept. and any federal agency that owns or controls troubled mortgages to modify those mortgages wherever possible, therefore this will help families keep their homes. >>

August 14, 2008By The Editor

Home prices depressed, Banks not responding

In the 26 years Ceecee Guillen has been a real estate agent, she says she has never worked in conditions quite like this. "It has been a real devastating market," said the agent with Lion Rock Mortgage and Realty in Chino. "The real problem is the market is saturated with homes that are on sale, on short sale and foreclosed, and the banks are slow to respond to all the requests that are coming in." She said that as an agent >>

August 11, 2008By The Editor

Federal legislation lauded, but will it help in time?

A bill regarded as the most substantial housing legislation in decades has been signed by President Bush, giving hope for recovery from the foreclosure crisis that has gripped the Inland Empire. While some say any help is welcome, it remains to be seen whether the measure aimed at helping 400,000 homeowners is too little, too late. "It won't fix everything, but at least it's something," said Bill Carney, president of the Inland Em >>

August 6, 2008By Keisha Hosea

Seems that everyone is wondering how the recent real estate decline will affect their bottom line. With gas prices soaring, a lagging economy and foreclosures looming, it seems only natural that people are asking about their homes. The federal housing bill called the Housing and Economic Recovery Act of 2008 is geared to help stabilize the economy by providing support to first time homeowners and by providing aid to homeowners facing foreclosu >>

July 26, 2008By Keisha Hosea

How Do I Get My Offer Accepted?

The lure of a short sale or bank owned home can be quite attractive to buyers nowadays. Everyone wants to believe that they are getting the best bargain available. The looming question that I am constantly asked is, "How do I get my offer accepted?" Here are a few simple suggestions to get your offer accepted: 1. Write an offer that is clean with no contingencies. By this, we mean to make a straight forward offer with a fair and r >>

May 23, 2008By The Editor

January 31, 2008By Jack Ritoli

It's not rocket science...but you need to use common sense...

10 Things to Take the Trauma Out of Home Buying 1. Find a real estate agent, like me for example, to find you the right home. Home-buying is not only a big financial commitment, but also an emotional one. It's critical that the agent you chose is both skilled and a good fit with your personality. 2. Remember, there's no "right" time to buy, any more than there's a right time to sell. If you find a home now, don't try to second-gue >>

January 22, 2008By Jack Ritoli

What to do if your're in the real estate market to buy or sell.

Real Estate in 2008 where are we? Well, if you believe everything you hear in the media we are all doomed. Foreclosures are way up, homes aren't selling and everything is doom and gloom. While Southern California real estate has seen a more a robust market, it's not all bad. How about this? Mortgage rates are incredibly low and may go even lower if the Fed once again cuts interest rates in January. This is a great "Buyers" market. >>