San Jose has a new fee on commercial development to pay for housing | Bay Area Real Estate Market Update September 11, 2020

San Jose has a new fee on commercial development to pay for housing | Bay Area Real Estate Market Update September 11, 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!


U.S. mortgage rates fall to all-time lows this week

https://www.housingwire.com/articles/u-s-mortgage-rates-fall-to-all-time-lows-this-week/


Purchase market remains resilient as mortgage applications gain 2.9%

https://www.housingwire.com/articles/purchase-market-remains-resilient-as-mortgage-applications-gain-2-9/


Mortgage forbearance rate falls to a nearly 5-month low https://www.housingwire.com/articles/mortgage-forbearance-rate-falls-to-a-nearly-5-month-low/


Survey says now is a good time to sell a home…but it’s also a great time to buy

https://www.housingwire.com/articles/survey-says-now-is-a-good-time-to-sell-but-its-also-a-great-time-to-buy/


Zillow: Nearly 2 million renters can become homeowners, thanks to telecommuting

https://www.housingwire.com/articles/zillow-nearly-2-million-renters-can-become-homeowners-thanks-to-telecommuting/


San Jose has a new fee on commercial development to pay for housing

https://www.sanjoseinside.com/news/sj-has-a-new-fee-on-commercial-development-to-pay-for-housing/


Proposed Cambrian Park Development Is First Test For Sj's New Affordable Housing Fee

https://www.sfgate.com/news/bayarea/article/Sj-Proposed-Cambrian-Park-Development-Is-First-15549503.php


https://www.google.com/maps/place/Cambrian+Park+Plaza/@37.2603269,-121.9299862,17.75z/data=!4m5!3m4!1s0x0:0x55b117ee09930c05!8m2!3d37.2599931!4d-121.9304936


Latest Market Data for all counties in the Bay Area

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


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!


Google unveils massive commercial development in East Whisman

https://www.mv-voice.com/news/2020/09/01/google-unveils-massive-mixed-use-housing-and-office-village-in-east-whisman


Okta will let most of it’s 2,600 employees work from home. 1100 are in the Bay Area

https://www.cnn.com/2020/08/27/tech/okta-permanent-remote/index.html


Average U.S. 30-year mortgage rate rises this week

https://www.housingwire.com/articles/average-u-s-30-year-mortgage-rate-rises-this-week/


Purchase applications are 28% higher than the same week one year ago – the 15th straight week of year-over-year gains.

https://www.housingwire.com/articles/mortgage-applications-fall-for-the-third-week-in-a-row/


Why is the housing market thriving in a pandemic?


https://www.housingwire.com/articles/why-is-the-housing-market-thriving-in-a-pandemic/


Blackstone gets back into the single-family rental game

https://www.housingwire.com/articles/blackstone-gets-back-into-the-single-family-rental-game/


Two home offices? Real estate agents dish on the latest must-have amenities


https://www.housingwire.com/articles/two-home-offices-real-estate-agents-dish-on-the-latest-must-have-amenities/#


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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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/

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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

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