Amazon buys Gilroy Farmland for 4 times the value | Bay Area Real Estate Market Update August 21, 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!

Amazon buys Gilroy Farmland for 4 times the value

https://www.mercurynews.com/2020/08/18/amazon-unit-buys-big-chunks-gilroy-farmland-real-estate/?utm_medium=social&utm_campaign=socialflow&utm_source=facebook.com&utm_content=fb-mercurynews

Average US rates rise slightly to 2.99%

https://www.housingwire.com/articles/u-s-mortgage-rates-rise-on-risk-assessment/

Mortgage applications fall 3.3% as interest rates rise

https://www.housingwire.com/articles/mortgage-applications-fall-3-3-as-interest-rates-rise/

Housing starts report confirms housing market recovery. V-shaped is no longer a question

https://www.housingwire.com/articles/housing-starts-report-confirms-housing-market-recovery/

Forbearance rate drops below 5%, lowest since mid-April

https://www.housingwire.com/articles/fannie-mae-freddie-mac-forbearance-rate-drops-below-5/

Mid-August rent payments tick up to near-normal levels

https://www.housingwire.com/articles/mid-august-rent-payments-tick-up-to-near-normal-levels/

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