San Francisco Apartment Rents Crater | Bay Area Real Estate Market Report October 16, 2020

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 and ask me anything!

San Francisco Apartment Rents Crater Up to 31%, Most in U.S.

https://www.msn.com/en-us/money/realestate/san-francisco-apartment-rents-crater-up-to-31percent-most-in-us/ar-BB19YsKZ

Dropbox Goes Virtual First

https://blog.dropbox.com/topics/company/dropbox-goes-virtual-first

Microsoft employees given option to WFH permanently

https://www.bizjournals.com/triangle/news/2020/10/12/microsoft-employees-given-option-to.html

Amazon buys big site near downtown San Jose

https://www.mercurynews.com/2020/10/13/amazon-buys-big-san-jose-site-web-services-real-estate-tech-develop/

Major Bay Area Biotech Giant Seeks to Double Its Headquarters

https://endpts.com/genentech-submits-a-plan-to-nearly-double-its-south-san-francisco-footprint/

Average 30-year mortgage rate falls to another all-time low

https://www.housingwire.com/articles/average-30-year-mortgage-rate-falls-to-another-all-time-low/

Luxury home sales rise 41.5%, making biggest jump since 2013

https://www.housingwire.com/articles/luxury-home-sales-rise-41-5-making-biggest-jump-since-2013/

Home prices rose by record numbers last week

https://www.housingwireHome prices rose by record numbers last week.com/articles/home-prices-rose-by-record-numbers-last-week/

San Francisco homes for sale hit a 15-year-high, as deluge of new condos flood the market

https://www.sfchronicle.com/realestate/article/San-Francisco-homes-for-sale-at-15-year-high-as-15632382.php

Latest Market Data for all counties in the Bay Area

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