Bay Area Real Estate News, Insights, Market Data, and Strategies | Spencer Hsu Real Estate13 Aug 2020

Proptech Talk Thursday | Homebound

I'm delighted to introduce a new series called Proptech Talk Thursday. Every Thursday, I will interview executives at a Proptech company or provide my candid reviews/thoughts. The Real Estate industry is one of the slowest to adopt technology as one of the reasons is it’s extremely fragmented. However, it doesn’t stop companies to try to figure out solutions for these really big problems. This week, let’s take a look at Homebound. Think of them as a tech-enabled general contractor.

As of January 2020, Homebound has raised a $35M Series B round totaling $53M. They claim to have developed tools to track and manage 370 unique tasks when building a home. Anyone that has done renovations, knows there are all of the components involved. This is magnified when dealing with ground up construction where there are even more complexities. They currently cover Sonoma, Napa, and Contra Costa county, Los Angeles and Ventura counties.

So what are my thoughts on this company? I think they are certainly onto several fronts. The industry is extremely fragmented as it’s hard enough to find good people that can be trusted time and time again. So the level of standard is very hard to come by and is even harder to scale. As they focus in certain areas, they can dominate those counties so as they go get permits/approvals, they may be able to bypass and streamline things with the city officials given the officials see them time and time again with the same processes. They may also leverage on supply discounts. Since they are basically a mini builder, they don’t have the downsides of the land costs, but have the potential volume of material whether it could be lumber, concrete, and standard appliances. The thing that makes this the most interesting is that if they can truly make it seem like the process of building is easy, it would democratize the construction industry itself allowing a lot more people to feel they have the confidence to build a home. This opens up a lot of interesting and creative in-fill opportunities all around.

What are the challenges? Their current model is that they play as a General Contractor and they sub out the work. A big challenge of this industry is finding reliable sub contractors in the different cities they operate. There is a big shortage of these talented individuals so hopefully they can come out with some sort of training program especially given unemployment is so high these days to train these subcontractors. Another challenge is that they are not widely known yet. The industry itself is really about referrals and those referrals are very tight knit. Top contractors and subcontractors are extremely busy so many people that they try to recruit, may not be very good subcontractors as they have plenty of work already. Technology is also not the easiest for construction workers to use. Construction workers have operated in a certain way for a very long time so for them to be trained on new tools and systems, is just not that simple.

I hope you enjoyed this new series.

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

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San Francisco on the REBOUND! | Bay Area Real Estate Market Report March 5, 2021

Every week at 12 PM PST, I analyze the news and data that can affect the Bay Area RealEvery week at 12 PM PST, I analyze the news and data that can affect the Bay Area Real Estate Market. Tune in weekly and email me anytime if I can help! spencer@spencerhsu.com.Topics covered for the week:Intro (0:00) San Francisco Bay Area condo market showing signs of rebound (0:57) Which big city has California's most-overvalued homes? (2:47) Fry's Electronics collapse frees up prime Bay Area real estate (3:50) Housing: Affordable homes eyed at Chuck E. Cheese San Jose site(4:47) Tech: Data center firm assembles big north San Jose properties (5:54) Compass losing money, gaining market share (7:12) Latest Market Data for all counties in the Bay Areahttps://docs.google.com/spreadsheets/d/1P5T3T4doU9vutLotcKnZ0WCZahU0nvKn1khR-QQsrTI/edit?usp=sharing10:25 San Mateo County11:42 Santa Clara County13:17 Alameda County13:40 Contra Costa County13:57 San Francisco 🗓 Want to schedule a time for a free consultation? Find a time that works for you! https://www.calendly.com/techrealtor🌍Find your dream Bay Area home https://www.homesbyspencerhsu.com/🎙️Listen to my podcast: https://bit.ly/3bJx88📸Follow me on Instagram: https://bit.ly/2YpPQNJ🧑‍💼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/2Fvk41fbD6kiRtHt5🏠💲Track the value of your home and see if it's beneficial to refinance! http://bit.ly/3aFdyMWBorn and raised in the Bay Area, I spent 11 years in Startup Technology Sales before becoming a full-time Realtor. Having personally invested and done renovations in the Bay Area, I wanted to help busy colleagues in the Bay Area technology industry find their dream home by leveraging tech, data and insights. I specialize in educating my clients on the process of buying, selling, and investing in the Bay Area. $41M+ YTD in happy transactions!Spencer Hsu, MBA Tech RealtorSpencer@SpencerHsu.com(408)223-5493EXP Realty DRE #02077253#BayAreaRealEstate #TechRealtor

5 Mars 202116min

Millennials are driving US home sales! | Bay Area Real Estate Market Report February 26, 2021

YouTube DescriptionEvery week at 12 PM PST, I analyze the news and data that can affect the Bay Area Real Estate Market. Tune in weekly and email me anytime if I can help! spencer@spencerhsu.com.Topics covered for the week:Millennials are driving US home sales (0:46) Home prices soared 10.4% in December year over year (2:05) Existing home sales are still too hot (3:35) Real estate: Investors buy Sunnyvale apartments near development site (6:07) Latest Market Data for all counties in the Bay Areahttps://docs.google.com/spreadsheets/d/1P5T3T4doU9vutLotcKnZ0WCZahU0nvKn1khR-QQsrTI/edit?usp=sharing San Mateo County 9:05Santa Clara County 11:35Alameda County 14:16Contra Costa County 15:00San Francisco: 15:24🗓 Want to schedule a time for a free consultation? Find a time that works for you! https://www.calendly.com/techrealtor🌍Find your dream Bay Area home https://www.homesbyspencerhsu.com/ 🎙️Listen to my podcast: https://bit.ly/3bJx88 📸Follow me on Instagram: https://www.instagram.com/bayareatech...🧑‍💼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/2Fvk41fbD6kiRtHt5🏠💲Track the value of your home and see if it's beneficial to refinance! http://bit.ly/3aFdyMWBorn and raised in the Bay Area, I spent 11 years in Startup Technology Sales before becoming a full-time Realtor. Having personally invested and done renovations in the Bay Area, I wanted to help busy colleagues in the Bay Area technology industry find their dream home by leveraging tech, data and insights. I specialize in educating my clients on the process of buying, selling, and investing in the Bay Area. $41M+ YTD in happy transactions! Spencer Hsu, MBA Tech Realtor Spencer@SpencerHsu.com (408)223-5493 EXP Realty DRE #02077253 #BayAreaRealEstate #TechRealtor

26 Feb 202118min

It Costs THIS Much to Live in San Francisco/Bay Area

Are you planning or moving to the San Francisco Bay Area in the near future and thinking it may be out of your budget? Think again! I'm here to tell you that finding your dream home at your desired price point can be a reality, YOUR reality! 🤩I'll tell you just exactly how much it really costs to live in this amazing part of the world and just how far your budget can take you. Breaking down costs and average incomes while including scenarios, come take a look for yourself and start planning your move today! 🌉🗓 Want to schedule a time for a free consultation? Find a time that works for you! Spencer Hsu🌍Find your dream Bay Area home https://www.homesbyspencerhsu.com/🎙️Listen to my podcast: https://bit.ly/3bJx88📸Follow me on Instagram: https://bit.ly/2YpPQNJ🧑‍💼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/3aFdyMWBorn and raised in the Bay Area, I spent 11 years in Startup Technology Sales before becoming a full-time Realtor. Having personally invested and done renovations in the Bay Area, I wanted to help busy colleagues in the Bay Area technology industry find their dream home by leveraging tech, data and insights. I specialize in educating my clients on the process of buying, selling, and investing in the Bay Area. $41M+ YTD in happy transactions!Spencer Hsu, MBA Tech RealtorSpencer@SpencerHsu.com(408)223-5493EXP Realty DRE #02077253#BayAreaRealEstate #TechRealtor

23 Feb 20216min

San Francisco is REELING, but where is everyone really going? | Bay Area Real Estate Market Report February 19, 2021

Every week at 12 PM PST, I analyze the news and data that can affect the Bay Area Real Estate Market. Tune in weekly and email me anytime if I can help! spencer@spencerhsu.com.Topics covered for the week:Intro (0:00)Big Apple-leased building is under construction in Santa Clara (0:47) Salesforce to reduce office footprint permanently (2:25) Downtown San Francisco is reeling. More remote work could add to the pain (3:45) People are leaving SF, but not for Austin or Miami. USPS data shows where they went (4:54) Real estate: Big office, housing towers eyed in downtown San Jose (7:40) Latest Market Data for all counties in the Bay Areahttps://docs.google.com/spreadsheets/d/1P5T3T4doU9vutLotcKnZ0WCZahU0nvKn1khR-QQsrTI/edit?usp=sharingSan Mateo County 10:07Santa Clara County 11:23Alameda County 13:09Contra Costa County 13:22San Francisco: 13:49🗓 Want to schedule a time for a free consultation? Find a time that works for you! https://www.calendly.com/techrealtor🌍Find your dream Bay Area home https://www.homesbyspencerhsu.com/ 🎙️Listen to my podcast: https://bit.ly/3bJx88 📸Follow me on Instagram: https://www.instagram.com/bayareatech...🧑‍💼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/2Fvk41fbD6kiRtHt5🏠💲Track the value of your home and see if it's beneficial to refinance! http://bit.ly/3aFdyMWBorn and raised in the Bay Area, I spent 11 years in Startup Technology Sales before becoming a full-time Realtor. Having personally invested and done renovations in the Bay Area, I wanted to help busy colleagues in the Bay Area technology industry find their dream home by leveraging tech, data and insights. I specialize in educating my clients on the process of buying, selling, and investing in the Bay Area. $41M+ YTD in happy transactions! Spencer Hsu, MBA Tech Realtor Spencer@SpencerHsu.com (408)223-5493 EXP Realty DRE #02077253 #bayarearealestate #TechRealtor

19 Feb 202116min

Salesforce now allows PERMANENT remote work! | Bay Area Real Estate Market Report February 12, 2021

Every week at 12 PM PST, I analyze the news and data that can affect the Bay Area Real Estate Market. Tune in weekly and email me anytime if I can help! spencer@spencerhsu.com.Topics covered for the week:Intro (0:00)Salesforce to allow remote or flexible work for most employees, with big implications for SF (0:32)https://www.sfchronicle.com/business/article/Salesforce-to-allow-permanent-remote-work-for-15937086.phpOld Navy Inc. shuttering SF office, moving in with Gap (1:57)https://www.sfgate.com/realestate/article/Gap-Inc-consolidating-SF-offices-moving-Old-Navy-15937053.phpGoogle touts affordable housing, local shops in new Mountain View campus proposal (2:34)https://www.cnbc.com/2021/02/10/google-touts-housing-local-businesses-in-new-campus-proposal-.htmlVacation home demand soared in 2020 (3:52)https://www.housingwire.com/articles/vacation-home-demand-soared-in-2020/FHFA extends forbearance period to 15 months (4:44)https://www.housingwire.com/articles/fhfa-extends-forbearance-policies-for-up-to-15-months/Latest Market Data for all counties in the Bay Areahttps://docs.google.com/spreadsheets/d/1P5T3T4doU9vutLotcKnZ0WCZahU0nvKn1khR-QQsrTI/edit?usp=sharing5:25 San Mateo County7:06 Santa Clara County8:48 Alameda County9:20 Contra Costa County🗓 Want to schedule a time for a free consultation? Find a time that works for you! https://www.calendly.com/techrealtor🌍Find your dream Bay Area home https://www.homesbyspencerhsu.com/🎙️Listen to my podcast: https://bit.ly/3bJx88📸Follow me on Instagram: https://bit.ly/2YpPQNJ🧑‍💼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/2Fvk41fbD6kiRtHt5🏠💲Track the value of your home and see if it's beneficial to refinance! http://bit.ly/3aFdyMWBorn and raised in the Bay Area, I spent 11 years in Startup Technology Sales before becoming a full-time Realtor. Having personally invested and done renovations in the Bay Area, I wanted to help busy colleagues in the Bay Area technology industry find their dream home by leveraging tech, data and insights. I specialize in educating my clients on the process of buying, selling, and investing in the Bay Area. $41M+ YTD in happy transactions!Spencer Hsu, MBA Tech RealtorSpencer@SpencerHsu.com(408)223-5493EXP Realty DRE #02077253#BayAreaRealEstate #TechRealtor

12 Feb 202111min

New home sales HISTORICALLY HIGH in 2020 | Bay Area Real Estate Market Report February 5, 2021

Every week at 12 PM PST, I analyze the news and data that can affect the Bay Area RealEvery week at 12 PM PST, I analyze the news and data that can affect the Bay Area Real Estate Market. Tune in weekly and email me anytime if I can help! spencer@spencerhsu.com.Topics covered for the week:Intro (0:00)New home sales historically high in 2020 (0:55)WeWork to leave some Bay Area buildings in another blow to office market(3:44)Mortgage applications on the rise again (6:04)Divvy Homes snags $110 million Series C funding (8:13)Latest Market Data for all counties in the Bay Areahttps://docs.google.com/spreadsheets/d/1P5T3T4doU9vutLotcKnZ0WCZahU0nvKn1khR-QQsrTI/edit?usp=sharing10:01 San Mateo County17:50 Santa Clara County19:40 Alameda County20:29 Contra Costa County🗓 Want to schedule a time for a free consultation? Find a time that works for you! https://www.calendly.com/techrealtor🌍Find your dream Bay Area home https://www.homesbyspencerhsu.com/🎙️Listen to my podcast: https://bit.ly/3bJx88📸Follow me on Instagram: https://bit.ly/2YpPQNJ🧑‍💼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/2Fvk41fbD6kiRtHt5🏠💲Track the value of your home and see if it's beneficial to refinance! http://bit.ly/3aFdyMWBorn and raised in the Bay Area, I spent 11 years in Startup Technology Sales before becoming a full-time Realtor. Having personally invested and done renovations in the Bay Area, I wanted to help busy colleagues in the Bay Area technology industry find their dream home by leveraging tech, data and insights. I specialize in educating my clients on the process of buying, selling, and investing in the Bay Area. $41M+ YTD in happy transactions!Spencer Hsu, MBA Tech RealtorSpencer@SpencerHsu.com(408)223-5493EXP Realty DRE #02077253#BayAreaRealEstate #TechRealtor

5 Feb 202124min

Big Tech Companies SELL Office Buildings | Bay Area Real Estate Market Report January 29, 2021

Every week at 12 PM PST, I analyze the news and data that can affect the Bay Area RealEvery week at 12 PM PST, I analyze the news and data that can affect the Bay Area Real Estate Market. Tune in weekly and email me anytime if I can help! spencer@spencerhsu.com.Topics covered for the week:Intro (0:00)Now up for sale: An Oracle-owned Bay Area campus that could become life science space - Silicon Valley Business Journal (1:08)Real estate: Huge NetApp campus in Sunnyvale goes on sales block (2:18)What does Chamath Palihapitya and Vinod Khosla think about the people leaving the Bay Area? (3:36)Potential impact of Biden's $15,000 homebuyer tax credit (8:48)2020 home sales hit highest level since 2006 (11:04)Housing starts hit highest pace since 2006 (12:42)Peninsula vaccine maker Vaxcyte lands at big Alexandria project in San Carlos - San Francisco Business Times (15:07)Zillow: Expect another record year for home sales (16:18)Latest Market Data for all counties in the Bay Areahttps://docs.google.com/spreadsheets/d/1P5T3T4doU9vutLotcKnZ0WCZahU0nvKn1khR-QQsrTI/edit?usp=sharing18:22 San Mateo County19:41 Santa Clara County20:41 Alameda County21:31 Contra Costa County22:40 San Francisco 🗓 Want to schedule a time for a free consultation? Find a time that works for you! https://www.calendly.com/techrealtor🌍Find your dream Bay Area home https://www.homesbyspencerhsu.com/🎙️Listen to my podcast: https://bit.ly/3bJx88📸Follow me on Instagram: https://bit.ly/2YpPQNJ🧑‍💼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/2Fvk41fbD6kiRtHt5🏠💲Track the value of your home and see if it's beneficial to refinance! http://bit.ly/3aFdyMWBorn and raised in the Bay Area, I spent 11 years in Startup Technology Sales before becoming a full-time Realtor. Having personally invested and done renovations in the Bay Area, I wanted to help busy colleagues in the Bay Area technology industry find their dream home by leveraging tech, data and insights. I specialize in educating my clients on the process of buying, selling, and investing in the Bay Area. $41M+ YTD in happy transactions!Spencer Hsu, MBA Tech RealtorSpencer@SpencerHsu.com(408)223-5493EXP Realty DRE #02077253#BayAreaRealEstate #TechRealtor

29 Jan 202125min

Thinking of Trading Up Your Home? Tips You NEED TO KNOW

So your family is beginning to grow and you’re quickly finding out your space is becoming smaller in comparison. Maybe your company has decided to become remote full time and you need a spare room for your new home office. The time for you to upgrade your space has arrived and you don’t know where to start!What are your next steps and options in trading up? Well I am here to help you! On today’s segment I’ll help you navigate what your options are depending on your situation and how to best use that to your advantage.🗓 Want to schedule a time for a free consultation? Find a time that works for you! https://www.calendly.com/techrealtor🌍Find your dream Bay Area home https://www.homesbyspencerhsu.com/🎙️Listen to my podcast: https://bit.ly/3bJx88📸Follow me on Instagram: https://bit.ly/2YpPQNJ🧑‍💼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/2Fvk41fbD6kiRtHt5🏠💲Track the value of your home and see if it's beneficial to refinance! http://bit.ly/3aFdyMW

27 Jan 20213min

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