Roofstock | Proptech Talk Thursday #7

Welcome to my new PropTech Talk Thursday series to take a look and provide my candid thoughts on new Proptech businesses. These could range from products to companies leveraging technology to improve all facets of real estate. The Real Estate industry is one of the slowest to adopt technology but there are many opportunities along with money chasing these opportunities. This week let me introduce you to Roofstock.


Based in Oakland, CA, Roofstock has raised $50M earlier this year for a total of $133M. They started their business in 2016 and have become a great option for people to be exposed to the world of owning single family rentals throughout the US. So what do they actually do? They are a platform where buyers can purchase properties from sellers. They have done over $2B in completed transactions.


What’s special about them? They make it really simple to see available properties that are potential homes to purchase in over 70 markets. They show you the financial projections and the homes are typically already being rented out to generate income minimizing the need to find a new tenant and start cashflowing. They also showcase information about the area which is very helpful for those that are not familiar with the location.


What are things to be aware of? Let’s analyze their business model. They take 2.5% from the sell side, and 0.5% from the buy side. If they have done over $2B in transactions, they generated $60M in revenue over the last 4 years which is no small feat. However, they also raised a total of $133M so where is that money actually going? The cost of the platform isn’t that complex, but it must be a huge cost to market for people to come to the platform to buy investment properties, but also sellers to sell here instead of selling through the traditional route with using Realtors. Their client acquisition cost must be pretty insane.


What they are doing here isn’t unique for those that are familiar with this business model. They are a basically a massive online turn key provider which proposes an easy solution for investors that want exposure to rentals out of the area. However, you want to be careful with all of their projections. It’s really convenient for investors to be able to see all these properties but how good are these properties really?


Even in a high appreciation market like the Bay Area which does between 5-6% a year on average over the last 40 years, this town in Texas is projecting 4.4% which is pretty aggressive. If you connect with local turn key providers that don’t have this kind of marketing budget, you may be getting better deals with more meat on the bone. The benefit of Roofstock is that they are a big brand so familiarity may help get you started into the space but to keep building up your rental portfolio might be a different matter.


If you are looking to get your foot into the door of investing in out of state, this is a great option as it’s a big brand that simplifies the process. However, if you want better returns, it may be better to connect and compare with some local provider, that would not have this same kind of premium on homes. You can simply Google turnkey (city) to find them.


So what do you think? Is this an option that you would consider? Leave it in the comments with your thoughts and if you would just buy a home yourself, and do your own renovations.


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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/

🎙️ 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

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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

Avsnitt(362)

Bay Area Real Estate Market Update March 25, 2022 | Bay Area Homebuying Will Be CRAZY This Spring!

Bay Area Real Estate Market Update March 25, 2022 | Bay Area Homebuying Will Be CRAZY This Spring!

Every week, I go over news that can affect Bay Area Real Estate. I look into market statistics and data that can affect the Silicon Valley Real Estate Market. Tune in weekly and ask me anything!Text or call us today at 408-547-4590. You can also visit us at https://www.homesbyspencerhsu.com/🗓 Want to schedule a time for a free consultation? Find a time that works for you! https://www.calendly.com/techrealtor— TIMESTAMPS — 00:00 Intro00:33 Weekly News Highlights - Real estate experts predict buying a Bay Area home this spring will be harder than ever03:37 Is now the hardest time to buy a Bay Area home?08:29 Gen Z Moving To San Francisco More Than Any Other Group9:51 Many Californians Are Trading One High-Cost City for Another: New York - Mansion Global13:08 Tiny homes are in demand amid the Bay Area's real estate affordability crisis17:58 East Coast developer expands into Bay Area, buys prime Peninsula site19:21 Market Updates - San Mateo County 20:41 Santa Clara County21:32 Alameda County— WEEKLY HIGHLIGHTS —Real estate experts predict buying a Bay Area home this spring will be harder than everIs now the hardest time to buy a Bay Area home?Gen Z Moving To San Francisco More Than Any Other Group Many Californians Are Trading One High-Cost City for Another: New York - Mansion GlobalTiny homes are in demand amid the Bay Area's real estate affordability crisisEast Coast developer expands into Bay Area, buys prime Peninsula site— MARKET DATA CHARTS — https://docs.google.com/spreadsheets/d/1P5T3T4doU9vutLotcKnZ0WCZahU0nvKn1khR-QQsrTI/edit?usp=sharingCall or Text us today at 408-547-4590. You can also visit us at https://www.homesbyspencerhsu.com/🗓 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 www.homesbyspencerhsu.com📸Follow me on Instagram: https://www.instagram.com/bayareatechrealtor🧑‍💼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 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. I worked with 57 families in 2021 buy and sell locally for over $80MM which helped me become a top 1% Realtor in the Bay in record breaking time!Looking forward to helping you!Spencer Hsu, MBA Tech RealtorSpencer@SpencerHsu.com(408) 547-4590 EXP Realty DRE #02077253#BayAreaRealEstate #TechRealtor

25 Mars 202223min

Bay Area Real Estate Market Update March 18, 2022 | Gen Z Renters Are LOVING These Bay Area Cities!

Bay Area Real Estate Market Update March 18, 2022 | Gen Z Renters Are LOVING These Bay Area Cities!

Every week, I go over news that can affect Bay Area Real Estate. I look into market statistics and data that can affect the Silicon Valley Real Estate Market. Tune in weekly and ask me anything!Text or call us today at 408-547-4590. You can also visit us at https://www.homesbyspencerhsu.com/🗓 Want to schedule a time for a free consultation? Find a time that works for you! https://www.calendly.com/techrealtor— TIMESTAMPS — 00:00 Intro00:28 Weekly News Highlights - Gen Z renters targeting Bay Area: report | KRON403:09 Bay Area Homes Selling for Six Figures Over Asking at Astronomical Rate – NBC Bay Area04:13 An $800k overbid wins a three-bedroom in Sunnyvale5:50 1668 Hummingbird Ln, SUNNYVALE, CA 94087 | MLS# ML81875799 | Redfin9:17 SF-Based Drawbridge Realty Aims To Double Office Portfolio In Three Years10:28 Fortinet widens East Bay property deals amid Silicon Valley growth11:19 Developer Pays $20M For San Carlos Site Approved For Life Sciences Project12:06 Market Updates - San Mateo County 13:23 Santa Clara County14:11 Alameda County— WEEKLY HIGHLIGHTS —Gen Z renters targeting Bay Area: report | KRON4Bay Area Homes Selling for Six Figures Over Asking at Astronomical Rate – NBC Bay AreaAn $800k overbid wins a three-bedroom in Sunnyvale1668 Hummingbird Ln, SUNNYVALE, CA 94087 | MLS# ML81875799 | Redfin SF-Based Drawbridge Realty Aims To Double Office Portfolio In Three YearsFortinet widens East Bay property deals amid Silicon Valley growthDeveloper Pays $20M For San Carlos Site Approved For Life Sciences Project— MARKET DATA CHARTS — https://docs.google.com/spreadsheets/d/1P5T3T4doU9vutLotcKnZ0WCZahU0nvKn1khR-QQsrTI/edit?usp=sharingCall or Text us today at 408-547-4590. You can also visit us at https://www.homesbyspencerhsu.com/🗓 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 www.homesbyspencerhsu.com📸Follow me on Instagram: https://www.instagram.com/bayareatechrealtor🧑‍💼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 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. I worked with 57 families in 2021 buy and sell locally for over $80MM which helped me become a top 1% Realtor in the Bay in record breaking time!Looking forward to helping you!Spencer Hsu, MBA Tech RealtorSpencer@SpencerHsu.com(408)223-5493 EXP Realty DRE #02077253#BayAreaRealEstate #TechRealtor

21 Mars 202216min

Bay Area Real Estate Market Update March 11, 2022 | California Lawmaker Proposes 25% Tax on Real Estate Investors?!

Bay Area Real Estate Market Update March 11, 2022 | California Lawmaker Proposes 25% Tax on Real Estate Investors?!

Every week, I go over news that can affect Bay Area Real Estate. I look into market statistics and data that can affect the Silicon Valley Real Estate Market. Tune in weekly and ask me anything!Text or call us today at 408-547-4590. You can also visit us at https://www.homesbyspencerhsu.com/🗓 Want to schedule a time for a free consultation? Find a time that works for you! https://www.calendly.com/techrealtor— TIMESTAMPS — 00:00 Intro00:53 Weekly News Highlights - California Lawmaker Proposes 25% Tax on Real Estate Investors to 'Level Playing Field' – NBC 7 San Diego07:24 The Post-Pandemic Geography of the U.S. Tech Economy09:51 Bay Area home prices headed one way -- up11:08 Bay Area rents are approaching pre-COVID levels. These are the cities where prices are rising fastest12:53 Homeowners gain $8.2 trillion in housing wealth over 10 years - HousingWire15:22 Overbidding on SF homes surges to four-year high17:19 Boston Life Science Developer to Expand to West Coast Amid Region's Lab Boom22:29 Layoffs, again: Better.com to ax 3,000 employees - HousingWire27:22 Market Updates - San Mateo County 28:34 Santa Clara County29:21 Alameda County20:34 San Francisco County21:09 Marin County21:28 Contra Costa County— WEEKLY HIGHLIGHTS —California Lawmaker Proposes 25% Tax on Real Estate Investors to 'Level Playing Field' – NBC 7 San DiegoThe Post-Pandemic Geography of the U.S. Tech EconomyBay Area home prices headed one way -- upBay Area rents are approaching pre-COVID levels. These are the cities where prices are rising fastestHomeowners gain $8.2 trillion in housing wealth over 10 years - HousingWireOverbidding on SF homes surges to four-year highBoston Life Science Developer to Expand to West Coast Amid Region's Lab BoomLayoffs, again: Better.com to ax 3,000 employees - HousingWire— MARKET DATA CHARTS — https://docs.google.com/spreadsheets/d/1P5T3T4doU9vutLotcKnZ0WCZahU0nvKn1khR-QQsrTI/edit?usp=sharingCall or Text us today at 408-547-4590. You can also visit us at https://www.homesbyspencerhsu.com/🗓 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 www.homesbyspencerhsu.com📸Follow me on Instagram: https://www.instagram.com/bayareatechrealtor🧑‍💼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 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. I worked with 57 families in 2021 buy and sell locally for over $80MM which helped me become a top 1% Realtor in the Bay in record breaking time!Looking forward to helping you!Spencer Hsu, MBA Tech RealtorSpencer@SpencerHsu.com(408)223-5493 EXP Realty DRE #02077253#BayAreaRealEstate #TechRealtor

11 Mars 202230min

Bay Area Real Estate Market Update March 4, 2022 | Bay Area Google Workers Head Back to the Office!

Bay Area Real Estate Market Update March 4, 2022 | Bay Area Google Workers Head Back to the Office!

Every week, I go over news that can affect Bay Area Real Estate. I look into market statistics and data that can affect the Silicon Valley Real Estate Market. Tune in weekly and ask me anything!Text or call us today at 408-547-4590. You can also visit us at https://www.homesbyspencerhsu.com/🗓 Want to schedule a time for a free consultation? Find a time that works for you! https://www.calendly.com/techrealtor— TIMESTAMPS — 00:00 Intro00:28 Weekly News Highlights - Google will require Bay Area office workers to return in April 06:52 Mayor Breed wants office workers to return to SF, but not everyone is on board08:46 Google village in downtown San Jose could achieve $19 billion value12:11 Alameda biotech HQ building is bought for more than $150 million12:36 Big Redwood City office park is bought, property market stays hot13:05 Amazon leases big Hayward tech building now being constructed14:51 Big investors snapping up homes -- but not in the Bay Area16:58 Market Updates - San Mateo County 17:57 Santa Clara County19:21 Alameda County20:34 San Francisco County21:09 Marin County21:28 Contra Costa County— WEEKLY HIGHLIGHTS —Google will require Bay Area office workers to return in April after repeated delaysMayor Breed wants office workers to return to SF, but not everyone is on boardGoogle village in downtown San Jose could achieve $19 billion valueAlameda Biotech Office HQ Buys 158M Real Estate DevelopmentBig Redwood City office park is bought, property market stays hotAmazon leases big Hayward tech building now being constructedBig investors snapping up homes -- but not in the Bay Area— MARKET DATA CHARTS — https://docs.google.com/spreadsheets/d/1P5T3T4doU9vutLotcKnZ0WCZahU0nvKn1khR-QQsrTI/edit?usp=sharingCall or Text us today at 408-547-4590. You can also visit us at https://www.homesbyspencerhsu.com/🗓 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 www.homesbyspencerhsu.com📸Follow me on Instagram: https://www.instagram.com/bayareatechrealtor🧑‍💼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 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. I worked with 57 families in 2021 buy and sell locally for over $80MM which helped me become a top 1% Realtor in the Bay in record breaking time!Looking forward to helping you!Spencer Hsu, MBA Tech RealtorSpencer@SpencerHsu.com(408)223-5493 EXP Realty DRE #02077253#BayAreaRealEstate #TechRealtor

5 Mars 202223min

Bay Area Real Estate Market Update February 25, 2022 | How is the Real Estate Market Affected by War?!

Bay Area Real Estate Market Update February 25, 2022 | How is the Real Estate Market Affected by War?!

Every week, I go over news that can affect Bay Area Real Estate. I look into market statistics and data that can affect the Silicon Valley Real Estate Market. Tune in weekly and ask me anything!Text or call us today at 408-547-4590. You can also visit us at https://www.homesbyspencerhsu.com/🗓 Want to schedule a time for a free consultation? Find a time that works for you! https://www.calendly.com/techrealtor— TIMESTAMPS — 00:00 Intro00:32 Weekly News Highlights - How the Modern Real Estate and Stock Market is Affected by War06:23 Google restores pre-pandemic perks and lifts mask mandates in Bay Area offices - CNN08:06 Office building deal points to downtown Palo Alto property slump09:19 New California law adds to Prop. 19 rush for North Bay property-tax transfers11:07 Home Prices Skyrocketed in December11:57 As rents soar, is it cheaper to rent or buy in the Bay Area?14:00 Mortgage rates jump to 3.92% amid high inflation - HousingWire15:10 Vacant East Bay Office Building will House Homeless Residents17:13 Market Updates - San Mateo County 18:20 Santa Clara County20:16 Alameda County21:18 San Francisco County— WEEKLY HIGHLIGHTS —How the Modern Stock Market is Affected by WarThe 7 Best Inflation Hedge Assets and ETFs for 2021Google restores pre-pandemic perks and lifts mask mandates in Bay Area offices - CNNOffice building deal points to downtown Palo Alto property slumpNew California law adds to Prop. 19 rush for North Bay property-tax transfersHome Prices Skyrocketed in DecemberAs rents soar, is it cheaper to rent or buy in the Bay Area?Mortgage rates jump to 3.92% amid high inflation - HousingWireVacant East Bay Office Building will House Homeless Residents— MARKET DATA CHARTS — https://docs.google.com/spreadsheets/d/1P5T3T4doU9vutLotcKnZ0WCZahU0nvKn1khR-QQsrTI/edit?usp=sharingCall or Text us today at 408-547-4590. You can also visit us at https://www.homesbyspencerhsu.com/🗓 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 www.homesbyspencerhsu.com📸Follow me on Instagram: https://www.instagram.com/bayareatechrealtor🧑‍💼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 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. I worked with 57 families in 2021 buy and sell locally for over $80MM which helped me become a top 1% Realtor in the Bay in record breaking time!Looking forward to helping you!Spencer Hsu, MBA Tech RealtorSpencer@SpencerHsu.com(408)223-5493 EXP Realty DRE #02077253#BayAreaRealEstate #TechRealtor

26 Feb 202223min

Bay Area Real Estate Market Update February 18, 2022 | Job market rebounds from Silicon Valley's tech boom!

Bay Area Real Estate Market Update February 18, 2022 | Job market rebounds from Silicon Valley's tech boom!

Every week, I go over news that can affect Bay Area Real Estate. I look into market statistics and data that can affect the Silicon Valley Real Estate Market. Tune in weekly and ask me anything!Text or call us today at 408-547-4590. You can also visit us at https://www.homesbyspencerhsu.com/🗓 Want to schedule a time for a free consultation? Find a time that works for you! https://www.calendly.com/techrealtor— TIMESTAMPS — 00:00 Intro00:34 Weekly News Highlights - Silicon Valley job market bounces back strongly, inflation soars: report02:15 Report: Amazon Exploiting Zoning Laws to Buy Up CA Bay Area Land03:45 Bay Area mall The Shops at Tanforan will be razed for a massive biotech campus05:48 Construction resumes on huge tech campus in downtown San Jose07:04 2021 California Office Sales Report: Strong Recovery in Most Markets14:26 Los Gatos retail center anchored by big grocery store is bought15:01 The Bay Area's 'most majestic land', at the center of feud, gets a $32 million price cut17:45 Current Interest Rates Update21:24 Market Updates - San Mateo County 22:58 Santa Clara County— WEEKLY HIGHLIGHTS —Silicon Valley job market bounces back strongly, inflation soars: report Report: Amazon Exploiting Zoning Laws to Buy Up CA Bay Area LandBay Area mall The Shops at Tanforan will be razed for a massive biotech campusConstruction resumes on huge tech campus in downtown San Jose2021 California Office Sales Report: Strong Recovery in Most MarketsLos Gatos retail center anchored by big grocery store is boughtThe Bay Area's 'most majestic land', at the center of feud, gets a $32 million price cut— MARKET DATA CHARTS — https://docs.google.com/spreadsheets/d/1P5T3T4doU9vutLotcKnZ0WCZahU0nvKn1khR-QQsrTI/edit?usp=sharingCall or Text us today at 408-547-4590. You can also visit us at https://www.homesbyspencerhsu.com/🗓 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 www.homesbyspencerhsu.com📸Follow me on Instagram: https://www.instagram.com/bayareatechrealtor🧑‍💼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 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. I worked with 57 families in 2021 buy and sell locally for over $80MM which helped me become a top 1% Realtor in the Bay in record breaking time!Looking forward to helping you!Spencer Hsu, MBA Tech RealtorSpencer@SpencerHsu.com(408)223-5493 EXP Realty DRE #02077253#BayAreaRealEstate #TechRealtor

18 Feb 202227min

Bay Area Real Estate Market Update February 11, 2022 | WHY are affordable homes DISAPPEARING in the Bay Area??

Bay Area Real Estate Market Update February 11, 2022 | WHY are affordable homes DISAPPEARING in the Bay Area??

Every week, I go over news that can affect Bay Area Real Estate. I look into market statistics and data that can affect the Silicon Valley Real Estate Market. Tune in weekly and ask me anything!Text or call us today at 408-547-4590. You can also visit us at https://www.homesbyspencerhsu.com/🗓 Want to schedule a time for a free consultation? Find a time that works for you! https://www.calendly.com/techrealtor— TIMESTAMPS — 00:00 Intro00:46 Weekly News Highlights - In San Jose, one 'affordable' home for 3,500 buyers04:10 Bay Area home prices soared at record clip in 202104:56 San Jose has the third highest 'equity rich' homes in the US07:34 You might not notice it, but SF's Portola neighborhood has its largest housing project in 50 years.09:24 As new Bay Area SB9 housing applications grow, so does rift between suburbs, developers11:17 Woodside, California, says mountain lions make wealthy town exempt from building affordable housing - The Washington Post12:49 Big Peninsula life sciences and office building is bought by major players13:19 Silicon Valley Office Improves Covid Economy 15:01 Building boom for Silicon Valley offices reaches six-year high17:50 Market Updates - San Mateo County 20:42 Santa Clara County22:23 Alameda County— WEEKLY HIGHLIGHTS — In San Jose, one 'affordable' home for 3,500 buyersBay Area home prices soared at record clip in 2021San Jose has the third highest 'equity rich' homes in the USYou might not notice it, but SF's Portola neighborhood has its largest housing project in 50 years.As new Bay Area SB9 housing applications grow, so does rift between suburbs, developersWoodside, California, says mountain lions make wealthy town exempt from building affordable housing - The Washington PostBig Peninsula life sciences and office building is bought by major playersSilicon Valley Office Improves Covid EconomyBuilding boom for Silicon Valley offices reaches six-year high — MARKET DATA CHARTS — https://docs.google.com/spreadsheets/d/1P5T3T4doU9vutLotcKnZ0WCZahU0nvKn1khR-QQsrTI/edit?usp=sharing Call or Text us today at 408-547-4590. You can also visit us at https://www.homesbyspencerhsu.com/🗓 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 www.homesbyspencerhsu.com📸Follow me on Instagram: https://www.instagram.com/bayareatechrealtor🧑‍💼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 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. I worked with 57 families in 2021 buy and sell locally for over $80MM which helped me become a top 1% Realtor in the Bay in record breaking time!Looking forward to helping you!Spencer Hsu, MBA Tech RealtorSpencer@SpencerHsu.com(408)223-5493 EXP Realty DRE #02077253#BayAreaRealEstate #TechRealtor

11 Feb 202225min

Bay Area Real Estate Market Update February 2, 2022 | 40,000 Empty Homes in San Francisco?!

Bay Area Real Estate Market Update February 2, 2022 | 40,000 Empty Homes in San Francisco?!

Every week, I go over news that can affect Bay Area Real Estate. I look into market statistics and data that can affect the Silicon Valley Real Estate Market. Tune in weekly and ask me anything!Text or call us today at 408-547-4590. You can also visit us at https://www.homesbyspencerhsu.com/🗓 Want to schedule a time for a free consultation? Find a time that works for you! https://www.calendly.com/techrealtor— TIMESTAMPS — 00:00 Intro00:28 Weekly News Highlights - SF has 40,000 empty homes. Would taxing them help solve the city's housing crisis?02:26 Big Pleasanton office complex lands buyer; deal points to wobbly area prices03:59 Gene Editing Firm Signs 85K sf Lease to Relocate, Expand South SF Headquarters05:04 Bay Area's great migration is creating a 'Megaregion' as residents move out, not away - ABC7 San Francisco05:59 Dublin Is One Of America's Fastest Growing Cities: Quicken Loans07:48 As home prices skyrocketed, sellers made killer profits in 2021 - HousingWire09:00 Market Updates - San Mateo County 09:49 Santa Clara County10:34 Alameda County12:10 San Francisco County— WEEKLY HIGHLIGHTS —  SF has 40,000 empty homes. Would taxing them help solve the city's housing crisis? Big Pleasanton office complex lands buyer; deal points to wobbly area prices Bay Area's great migration is creating a 'Megaregion' as residents move out, not away - ABC7 San Francisco Dublin Is One Of America's Fastest Growing Cities: Quicken Loans Gene Editing Firm Signs 85K sf Lease to Relocate, Expand South SF Headquarters Intuitive Surgical widens buying binge for Sunnyvale properties As home prices skyrocketed, sellers made killer profits in 2021 - HousingWire — MARKET DATA CHARTS — https://docs.google.com/spreadsheets/d/1P5T3T4doU9vutLotcKnZ0WCZahU0nvKn1khR-QQsrTI/edit?usp=sharing Call or Text us today at 408-547-4590. You can also visit us at https://www.homesbyspencerhsu.com/🗓 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 www.homesbyspencerhsu.com📸Follow me on Instagram: https://www.instagram.com/bayareatechrealtor🧑‍💼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 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. I worked with 57 families in 2021 buy and sell locally for over $80MM which helped me become a top 1% Realtor in the Bay in record breaking time!Looking forward to helping you!Spencer Hsu, MBA Tech RealtorSpencer@SpencerHsu.com(408)223-5493 EXP Realty DRE #02077253#BayAreaRealEstate #TechRealtor

4 Feb 202213min

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