Bay Area Real Estate Market Update (May 15, 2020) - Spencer Hsu, Realtor

Every week I go over headline articles that can impact the market and share my thoughts. I also look into the data of the week in greater detail.

Fannie Mae and Freddie Mac extend Foreclosure and eviction freeze until end of June

https://www.housingwire.com/articles/fannie-mae-freddie-mac-hud-extend-foreclosure-and-eviction-freeze/

Borrowers in forbearance can defer all missed payments until the end of the loan

https://www.housingwire.com/articles/fannie-mae-freddie-mac-borrowers-in-forbearance-can-defer-all-missed-payments-until-the-end-of-their-loan/

Mortgage applications rise again

https://www.housingwire.com/articles/mortgage-applications-for-home-purchases-increase/

Home search rebound 54%

https://www.housingwire.com/articles/searches-for-homes-for-sale-rebound-54/

Twitter employees can work at home forever. What does this mean for HQ?

https://sf.curbed.com/2020/5/13/21256351/twitter-building-headquarters-work-home-employees-sf

1,000 employees here, for a company the size of 5,000

Buyer behavior changing: need for more private space due to kids at home and needing office space.

Appraisers are more conservative these days so be cautious of your down payment situation.

San Mateo County Data

https://docs.google.com/spreadsheets/d/1P5T3T4doU9vutLotcKnZ0WCZahU0nvKn1khR-QQsrTI/edit?usp=sharing

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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

Spencer@SpencerHsu.com

408-547-4590

EXP Realty DRE #02077253

https://www.homesbyspencerhsu.com/

#BayAreaRealEstate