Weekly Silicon Valley Real Estate Market Update June 19, 2020 - a podcast by Spencer Hsu, MBA Tech Realtor
from 2023-12-14T09:44:00.617639
Every week, I go over news that can affect Bay Area Real Estate. I look into news and data that can affect the Silicon Valley Real Estate Market. Tune in weekly!
Another week, another record low mortgage rate
https://www.housingwire.com/articles/mortgage-rates-tumble-to-another-all-time-low/
Foreclosure extension another 2 months through end of August 31, 2020
https://www.housingwire.com/articles/fha-extends-foreclosure-and-eviction-moratorium-again/
Purchase applications reach highest level in over 11 years
https://www.housingwire.com/articles/purchase-applications-reach-highest-level-in-over-11-years/
Housing Demand is 25% above pre-pandemic levels
https://www.housingwire.com/articles/the-real-estate-market-heats-up-housing-demand-is-25-above-pre-pandemic-levels/
91% of economists surveyed by the WSJ say the recovery is already underway or will be soon
https://www.keepingcurrentmatters.com/2020/06/17/is-the-economic-recovery-already-underway/
SF Vacancy Rates 6.2%
https://www.youtube.com/watch?v=ltlHKdkBgx0&list=WL
Top 3 reasons buyers are more likely to purchase a home in the next year
https://www.keepingcurrentmatters.com/2020/06/16/three-reasons-homebuyers-are-ready-to-purchase-this-year/
Prior decade, built 10.4 million new homes versus recent 5.2 million homes. Nowhere close to enough construction needed.
https://www.housingwire.com/articles/heres-why-there-arent-enough-homes-to-buy-right-now/
Market Data
https://docs.google.com/spreadsheets/d/1P5T3T4doU9vutLotcKnZ0WCZahU0nvKn1khR-QQsrTI/edit#gid=0
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My Background: Born and raised in the Bay Area, I spent 11 years as Technology Sales Manager before becoming a Realtor. Having personally invested and done renovations through house flips in the Bay Area, I wanted to help busy professionals in the Bay Area tech industry find their dream home by leveraging tech, data and local insights. Our team specializes in creating trusted frameworks of buying, selling, and investing in the Bay Area. In 2022, we are thrilled to share that we have helped 80 clients in the Bay Area with their moves, which positions our team as the Top 1% groups in the country. Looking forward to helping you into your next home and save/earn you more money!
Spencer Hsu, MBA, Realtor
408-547-4590
EXP Realty DRE #02077253
https://www.homesbyspencerhsu.com/
#BayAreaRealEstate
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