Bay Area Real Estate Crash Coming? A comparison of 2008 vs 2020 - Spencer Hsu, Realtor

Every Tuesday, I answer a question I get from my clients in greater detail. Should you buy a home in 2020?While there will always be uncertainty, consider all of the things that will still happen if you don't make a move.1) Rent will continue to chip away to your savings2) Your need of space due to Work from home policies are still there3) Missed long term appreciation of the homeNo one can truly predict the future and fortunately no one needs to. As long as you have reserves, the mindset of home ownership, and have a long term mindset, homeowners in the Bay Area tend to do very well. Stay focused on the goal and not let distractions affect you.--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, RealtorSpencer@SpencerHsu.com408-547-4590EXP Realty DRE #02077253https://www.homesbyspencerhsu.com/#BayAreaRealEstate

26 Maj 202010min

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.Mortgage Rate continues to approach near all time lowHousing Demand Surges 16.5% beyond pre-shelter levelsMilpitas and Berryessa BART Stations will Open June 13Linkedin Data shows US job hiring may have hit bottom in mid AprilFacebook plans to shift up to half of employees to Remote Work over the next 10 yearsFacebook Willow Village Project reduction in corporate office spaceSanta Clara and San Mateo County Data look--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, RealtorSpencer@SpencerHsu.com408-547-4590EXP Realty DRE #02077253https://www.homesbyspencerhsu.com/#BayAreaRealEstate

22 Maj 202025min

Every Wednesday at 12PM PST, I will interview and introduce 1-2 top producers all across the country to hear about how they got into the business, what they are seeing with real estate impacts with COVID, and how they are shifting their business. Tune in LIVE! https://www.homesbyspencerhsu.com/video/This week I am delighted to have two rockstars who represent the Palm Beach Florida and San Diego regions. Taryn Pisaneschi and Melissa Huk!--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

20 Maj 20201h

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 Junehttps://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 loanhttps://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 againhttps://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-sf1,000 employees here, for a company the size of 5,000Buyer 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 Datahttps://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

15 Maj 202034min

Every Wednesday at 12PM PST, I will interview and introduce 1-2 top producers all across the country to hear about how they got into the business, what they are seeing with real estate impacts with COVID, and how they are shifting their business.This week I am delighted to have two rockstars who represent the Sacramento and Reno regions. Matthew Stewart from Sacramento. Jen Colley and Michelle Goode from Reno.A bit about Jen ColleyPledge to Clients: It is my goal to serve my clients with their best interest in mind whether it be looking for an investment or finding the home of their dreams. I am proud to represent you.Professional Experience: I have been in this industry for over 19 years both in my own experiences and representing others. I bring a background that is competitive and realistic. I love challenges as life is full of them thats how we grow.Education: I have Education in Real Estate and continuing education in Real Estate. Most of my education comes from real life experiences that is priceless and you could not learn from a textbook. My classroom is real life.Outside Interests: My inside interests are my FAMILY members. My personal passion aside from Real Estate is Golf. Although I have a "Love Hate" relationship with golf it is a forever one. It keeps me striving for the perfection I will always keep looking for.Personal Information: I am a mother of 3, Sister of 3, Grandmother of 2 and a wife and business partner. We pride ourselves in Honesty and Integrity. At the end of the day you have to sleep knowing you did the best you could with Honesty & Integrity.. We continue to practice the PAY IT FORWARD way of life.-------------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

13 Maj 20201h 2min

Bay Area Tech Realtor Spencer Hsu explains and clarifies what you should expect for Closing Costs for home purchases in the Bay Area.0:00 Intro2:35 Debits and Credits Explained4:00 Deposit, Loan Amount and Funds to Close Explained4:52 Prorations / Adjustments Explained6:30 Loan Charges Explained8:45 Title & Escrow Explained14:20 Government Charges ExplainedIf 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

12 Maj 202018min

I had a great opportunity to be interviewed by my partners at Avant Real Estate. If you are interested to hear about how I got started and how I went from $0 to $22M in 16 months of being a Realtor, or why I joined EXP Realty, tune in!--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

9 Maj 20201h 13min

Every week, I go over news that can affect Bay Area Real Estate.0:40 Forebearance: Homeowners will not owe lump sum paymentshttps://www.forbes.com/sites/alyyale/2020/04/27/fannie-and-freddie-homeowners-will-not-owe-lump-sum-payments-after-forbearance/#348f7f024ee42:47 Latest Mortgage Activityhttps://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 Aprilhttps://www.housingwire.com/articles/non-qm-lending-inching-back-into-the-market/7:15 The return of the Ibuyershttps://www.housingwire.com/articles/redfinnow-resumes-ibuying-and-zillow-offers-isnt-far-behind/10:09 Good news for SMB. PPP still has money lefthttps://www.housingwire.com/articles/ppp-has-126-5-billion-left-for-small-businesses/11:00 Sad news of the Bay Area Layoffs: Airbnb, Uber, Lyfthttps://www.cnbc.com/2020/05/05/airbnb-to-lay-off-nearly-1900-people-25percent-of-company.html?fbclid=IwAR37xshCuh8v3XsapM3ZzE1bq-a8nRPQYZNe7ub-DPaB-jMlHpihUbj-m5c13:30 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

8 Maj 202025min