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Kingsley Quan

Spring Housing Market Begins with Sellers Sitting out

Spring Housing Market Begins with Sellers Sitting out

This years housing market is beginning with fewer homes on the market for buyers to choose from.  There is little incentive for sellers to list their homes in this current market.  Buyers have a greater negation power in this current market Continue Reading

Bank Volatility Causes Rates to Drop Temporarily

The recent bank volatility has cause interest rates to temporarily drop causing a short spike in mortgage applications.  Applications rose 2.9% for the week but is overall down 35% from this time last year.  Refinance loans also got a short Continue Reading

Pending Home Sales for February Manage to Rise as Interest Rates Pause

Pending Home Sales Grow as Interest Rates Pause

With a short drop in interest rates in February has caused a short rise in pending home sales.  Higher interest rates has taken a bite out of the real estate market rising from 3% last year to 7%. this year as the Federal Reserve attempts to Continue Reading

Home prices have been falling for the past 7 months but dropped lower in January due to a short break in rising interest rates.  

Existing Home Prices cool in January on the West Coast

Home prices have been falling for the past 7 months but dropped lower in January due to a short break in rising interest rates.  According to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index prices fell only 3.8% in January Continue Reading

Mabel's Gone Fishing is the latest San Diego Restaurant to earn a Michelin Star

Mabel’s Gone Fishing is the latest San Diego Restaurant to earn a Michelin Star

San Diego continues to add restaurants to the Michelin Guide for California for 2023 with its newest addition Mabel's Gone Fishing located at 3770 30th Street in North Park.  A combination of amazing service, unbelievable food and views for Continue Reading

New Home Sales have risen 1.1% in February

New home sales have risen 1.1% in February continuing to show growth and stabilization in the real estate market.  Interest rates dropped at the beginning of February causing a spike in signed contracts with buyers taking advantage of the drop Continue Reading

Existing Home Sales Surge 14.5%

Existing Home Sales Jump 14.5% in February

Existing home sales jumped 14.5% in February to a 11 month high.  This is the first time in a year that the prices have risen.  Homebuyers are taking any advantage any drops in interest rates.  The current mortgage rate has dropped Continue Reading

Rental Market Surges with lack of affordable housing

Surge in Rentals as Affordable Housing Stumbles

The continued lack of homes for  sale is having an adverse affect on the rental market.  With homes sales stalling as interest rates move higher and the inventory remains the same is forcing many potential homebuyers into the rental market. Continue Reading

Interest Rates Drop because of Silicon Valley Bank Failure

Mortgage applications rise as the interest rates take a short breather from rising

The fallout from the Silicon Valley Bank failure has brought volatility to the market forcing interest rates lower.  The short drop in interest rates have seen a spike in mortgage applications as buyers take advantage of lower rates.  The Continue Reading

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