Bay Area Real Estate Market Update (May 8, 2020) - Spencer Hsu, Realtor

Every week, I go over news that can affect Bay Area Real Estate.

0:40 Forebearance: Homeowners will not owe lump sum payments

https://www.forbes.com/sites/alyyale/2020/04/27/fannie-and-freddie-homeowners-will-not-owe-lump-sum-payments-after-forbearance/#348f7f024ee4

2:47 Latest Mortgage Activity

https://www.housingwire.com/articles/average-mortgage-rate-is-3-basis-points-from-all-time-low-2/

https://www.housingwire.com/articles/refinancings-may-hit-a-7-year-high/

Non-QM products coming back. Initially shut in early April

https://www.housingwire.com/articles/non-qm-lending-inching-back-into-the-market/

7:15 The return of the Ibuyers

https://www.housingwire.com/articles/redfinnow-resumes-ibuying-and-zillow-offers-isnt-far-behind/

10:09 Good news for SMB. PPP still has money left

https://www.housingwire.com/articles/ppp-has-126-5-billion-left-for-small-businesses/

11:00 Sad news of the Bay Area Layoffs: Airbnb, Uber, Lyft

https://www.cnbc.com/2020/05/05/airbnb-to-lay-off-nearly-1900-people-25percent-of-company.html?fbclid=IwAR37xshCuh8v3XsapM3ZzE1bq-a8nRPQYZNe7ub-DPaB-jMlHpihUbj-m5c

13:30 Santa Clara County Market Update including a deeper dive into condo/townhome vs SFH and also prices in each city.

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

--

If you’re interested in buying, selling, or investing in residential or commercial real estate in the 📍SF Bay Area, contact me today!

📧Spencer@spencerhsu.com

📞 (408) 547-4590

⏰ Set up a time to chat: https://calendly.com/spencerhsure

🌍 Find your dream Bay Area home https://www.homesbyspencerhsu.com/

🎙️ Listen to my podcast: https://redcircle.com/shows/bayarearealestate

📸Follow me on Instagram: https://www.instagram.com/spencerhsure

🧑‍💼 Let's connect on LinkedIn: https://www.linkedin.com/in/spencerhsu

🛎 Don’t forget to subscribe for the latest real estate tips and updates: https://forms.gle/c5xkznHLTBh7Yzgi7

🏠💲 Track the value of your home and see if it's beneficial to refinance! http://bit.ly/3aFdyMW

--

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