Opendoor | Proptech Talk Thursday #8

In recent news, SVB, the tech industry's most important bank, was saved by the US government. But what does this mean for the future of Silicon Valley? Will this bailout have a lasting impact on the industry? In this video, we'll explore the significance of SVB's rescue, including the reasons behind the government's intervention and the potential long-term effects on Silicon Valley and beyond. Join us as we dive into this crucial moment in tech industry history and discuss what it could mean for the future.-Spencer Hsu is a Bay Area Real Estate Agent, a Residential, New Home Construction and Relocations specialist with eXp Realty LLC. Serving the entire Bay Area. He aims to help busy professionals in the Bay Area tech industry find their dream homes by leveraging tech, data and local insights.CONTACT ME: Call / Text: (408) 547- 4590Email: spencer@spencerhsu.com www.homesbyspencerhsu.com💥 Follow me on Social Media 💥 → Instagram: https://www.instagram.com/spencerhsure/→ Facebook: https://www.facebook.com/spencerhsure→ LinkedIn: https://www.linkedin.com/in/spencerhsu/_________________________________#SVB #BayAreaRealEstate #firstrepublic

13 Mars 20239min

Silicon Valley Bank was the 16th largest bank in the country. It's been a key financial institution for the Bay Area but has reaches to many other areas that have startups including Seattle, Boston, London, and even wineries in Napa Valley. What happens with Bay Area housing because of this? How will this play out?-Spencer Hsu is a Bay Area Real Estate Agent, a Residential, New Home Construction and Relocations specialist with eXp Realty LLC. Serving the entire Bay Area. He aims to help busy professionals in the Bay Area tech industry find their dream homes by leveraging tech, data and local insights.CONTACT ME: Call / Text: (408) 547- 4590Email: spencer@spencerhsu.com www.homesbyspencerhsu.com💥 Follow me on Social Media 💥 → Instagram: https://www.instagram.com/spencerhsure/→ Facebook: https://www.facebook.com/spencerhsure→ LinkedIn: https://www.linkedin.com/in/spencerhsu/_________________________________#BayAreaRealEstate #siliconvalleybank #startup

12 Mars 202316min

In this breaking news video, we discuss the recent closure of Silicon Valley Bank and its potential impact on the Bay Area. Silicon Valley Bank has long been a major player in the tech industry and has provided funding to many startups in the region. Its sudden closure has raised concerns about the ripple effects it may have on the Bay Area's startup ecosystem. -Spencer Hsu is a Bay Area Real Estate Agent, a Residential, New Home Construction and Relocations specialist with eXp Realty LLC. Serving the entire Bay Area. He aims to help busy professionals in the Bay Area tech industry find their dream homes by leveraging tech, data and local insights.CONTACT ME: Call / Text: (408) 547- 4590Email: spencer@spencerhsu.com www.homesbyspencerhsu.com💥 Follow me on Social Media 💥 → Instagram: https://www.instagram.com/spencerhsure/→ Facebook: https://www.facebook.com/spencerhsure→ LinkedIn: https://www.linkedin.com/in/spencerhsu/_________________________________#SpencerHsu #BayAreaRealEstate #LivingintheBayArea #MovingtoCalifornia

10 Mars 202315min

In this month’s Bay Area Market Update, Spencer reviews the latest with mortgage rates, builders, and more. He also looks at recent Bay Area news, such as the reports that Google Cloud employees have been asked to share desks amid sweeping cuts and that Google Village’s development partner, Lendlease, has trimmed its staff. Plus, what is the fastest growing city in California? Hint: It’s in the Bay Area.Listen to this live Q & A with Bay Area real estate guru Spencer Hsu to learn what will happen to Bay Area housing before the media reports it! And if you ever plan on buying or selling a home in the Bay Area, you'll want to watch this update.— TIMESTAMPS —0:00 Intro1:00 Market Update16:17 Google Cloud Desk-Sharing17:32 Google Village Development Partner Lendlease Trims Staff20:01 California's Fastest-Growing City Is in the Bay Area23:55 Outro— WEEKLY HIGHLIGHT —As Tech Offices Shrink, Google Cloud Employees Reportedly Are Asked to Share Desks https://www.sfgate.com/tech/article/google-asks-employees-to-share-desks-17804131.php Google Village Real Estate Development Partner Lendlease Trims Staff https://www.mercurynews.com/2023/02/21/google-san-jose-downtown-village-real-estate-build-lendlease-job-cut/ California's Fastest-Growing City Is in the Bay Areahttps://www.kron4.com/news/californias-fastest-growing-city-is-in-the-bay-area/--Spencer Hsu is a Bay Area Real Estate Agent, a Residential, New Home Construction and Relocations specialist with eXp Realty LLC. Serving the entire Bay Area. He aims to help busy professionals in the Bay Area tech industry find their dream homes by leveraging tech, data and local insights.CONTACT ME: Call / Text: (408) 547- 4590Email: spencer@spencerhsu.com www.homesbyspencerhsu.com💥 Follow me on Social Media 💥 → Instagram: https://www.instagram.com/spencerhsure/→ Facebook: https://www.facebook.com/spencerhsure→ LinkedIn: https://www.linkedin.com/in/spencerhsu/_________________________________#SpencerHsu #BayAreaRealEstate #LivingintheBayArea #MovingtoCalifornia

2 Mars 202324min

In this week’s Bay Area Real Estate Update, Spencer reviews the latest mortgage rates, which have dropped to around 5% for the first time since September 2022. Alongside these decreases, mortgage refi demand has juned 18%, perhaps a sign that good things are coming. He also looks at which 10 US metro areas are the most rent-burdened; whether the Bay Area’s largest planned-housing development, which has stalled again, will ever be completed; the latest with Google’s San Jose Village; and Apple’s newest big lease in Sunnyvale.Listen to this live Q & A with Bay Area real estate guru Spencer Hsu to learn what will happen to Bay Area housing before the media reports it! And if you ever plan on buying or selling a home in the Bay Area, you'll want to watch this update.We go LIVE this Saturdays at 10 am PT. Ask me anything! Text or call us today at 408-547-4590. You can also visit us at https://www.homesbyspencerhsu.com— TIMESTAMPS —2:55 Intro5:16 Mortgage Refinance Demand Jumps 18%9:40 These 10 Metro Areas Are the Most 'Rent-Burdened' in the U.S13:07 The Bay Area’s Largest Planned Housing Development Is Stalled Again. Will It Ever Be Completed?17:45 Silicon Valley developer vows hunger strike 'until death' if city won't let him build 22:05 Google San Jose Village Remains a Go – Connect CRE22:44 Apple Leases Big Sunnyvale Building as Tech Titan Widens Footprint23:47 Outro— WEEKLY HIGHLIGHT —Mortgage Refinance Demand Jumps 18% as Interest Rates Drop for the Fifth Straight Weekhttps://www.cnbc.com/2023/02/08/mortgage-refinance-demand-jumps-18percent-as-interest-rates-drop.html These 10 Metro Areas Are the Most 'Rent-Burdened' in the U.S. — New York City Comes in at No. 1https://www.cnbc.com/2023/02/08/these-are-the-10-most-rent-burdened-metro-areas-in-the-us.html The Bay Area’s Largest Planned Housing Development Is Stalled Again. Will It Ever Be Completed?https://www.sfchronicle.com/eastbay/article/housing-development-concord-naval-17760933.php Silicon Valley developer vows hunger strike 'until death' if city won't let him build https://www.mercurynews.com/2023/02/08/silicon-valley-developer-goes-on-hunger-strike-to-protest-construction-stop/ Google San Jose Village Remains a Go – Connect CREhttps://www.connectcre.com/stories/google-san-jose-village-remains-a-go/ Apple Leases Big Sunnyvale Building as Tech Titan Widens Footprinthttps://www.siliconvalley.com/2023/02/07/apple-sunnyvale-office-rent-real-estate-tech-iphone-build-job-economy/ —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 for buying, selling, and investing in the Bay Area. In 2022, we are thrilled to share that we helped 80 clients with their moves, which positions our team among the Top 1% in the country. Looking forward to helping you into your next home and save/earn you more money! Looking forward to helping you! Spencer Hsu, MBA, REALTORSpencer@SpencerHsu.com 408-547-4590EXP Realty DRE #02077253https://www.homesbyspencerhsu.com/#BayAreaRealEstate​​

11 Feb 202321min

In this week’s Bay Area Real Estate Update, Spencer provides his monthly real estate market update and reviews a Goldman Sachs report about which four US cities will see a housing market crash reminiscent of 2008’s crash. He also examines the historical cost of living in the Bay Area – has it always been so high? Why are rent prices now increasing in the Bay Area? Also in the news: a $1 billion real estate deal that’s helped investors score local properties; Amazon finds a buyer for its Bay Area office campus; TikTok’s ByteDance moves into new San Jose offices; Steph Curry joins the Bay Area’s anti-MFH development movement; and a pre-sale home reno startup raises eight figures in Series A funding.Listen to this live Q & A with Bay Area real estate guru Spencer Hsu to learn what will happen to Bay Area housing before the media reports it! And if you ever plan on buying or selling a home in the Bay Area, you'll want to watch this update.We go LIVE this Saturdays at 10 am PT. Ask me anything! Text or call us today at 408-547-4590. You can also visit us at https://www.homesbyspencerhsu.com— TIMESTAMPS —2:55 Intro4:44 Monthly Market Update16:13 Jobs Report January 202318:19 Here Are the Layoff Severance Packages Google, Microsoft, & Amazon Have Promised23:40 These 4 Cities Will Suffer a 2008 Crash in Home Values: Goldman Sachs27:33 Outro— WEEKLY HIGHLIGHT —Jobs Report January 2023: Payrolls Increased by 517,000, Unemployment Rate at 53-year Lowhttps://www.cnbc.com/2023/02/03/jobs-report-january-2023-.html Here Are the Layoff Severance Packages Google, Microsoft, Amazon, and Other Tech Giants Have Promisedhttps://www.cnbc.com/2023/01/20/google-amazon-microsoft-meta-twitter-severance-packages-compared.html These 4 Cities Will Suffer a 2008 Crash in Home Values: Goldman Sachshttps://nypost.com/2023/01/24/goldman-sachs-sees-a-crash-for-home-values-in-these-4-cities/ --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 for buying, selling, and investing in the Bay Area. In 2022, we are thrilled to share that we helped 80 clients with their moves, which positions our team among the Top 1% in the country. Looking forward to helping you into your next home and save/earn you more money! Looking forward to helping you! Spencer Hsu, MBA, REALTORSpencer@SpencerHsu.com 408-547-4590EXP Realty DRE #02077253https://www.homesbyspencerhsu.com/#BayAreaRealEstate​​

4 Feb 202329min

In this week’s Bay Area Real Estate Update, Spencer talks about San Francisco’s recent spike in incoming workers, good news considering the city was recently ranked last in the US for downtown post-pandemic economic recovery. The question is, because 2023’s tech layoffs are already outpacing the worst of 2022’s layoffs, where are these incoming workers finding jobs? Meanwhile, the Bay Area leads California in terms of home price declines (meaning there are opportunities to buy for less here) as ultra-luxury buyers return to the market. It’s not all bad news: the Bay Area remains the top VC market in the country, Google leased land in San Francisco for top dollar, and big new housing developments all ensure that as a comfortable place to live while earning a high salary and experiencing outstanding cultural amenities, outdoor activities, and professional growth opportunities, the Bay Area is hard to beat.Listen to this live Q & A with Bay Area real estate guru Spencer Hsu to learn what will happen to Bay Area housing before the media reports it! And if you ever plan on buying or selling a home in the Bay Area, you'll want to watch this update. We go LIVE this Saturdays at 10 am PT. Ask me anything!Text or call us today at 408-547-4590. You can also visit us at https://www.homesbyspencerhsu.com— TIMESTAMPS —2:54 Intro4:19 More Evidence of Slowing Inflation7:27 San Francisco Sees Spike in Incoming Workers9:42 Study Ranks San Francisco Dead Last In U.S. for Downtown Economic Recoveries12:49 Bay Area Remains Top VC Market in the U.S.17:38 Why Google Leased This SF Land for an Insane Price25:05 Sunnyvale Apartment Complex Trades for More Than $100M — WEEKLY HIGHLIGHT —Insana Says There’s More Evidence of Slowing Inflation and Other Central Banks Are Noticinghttps://www.cnbc.com/2023/01/27/insana-says-theres-more-evidence-of-slowing-inflation-and-other-central-banks-are-noticing.html San Francisco Sees Spike in Incoming Workershttps://www.axios.com/local/san-francisco/2023/01/23/san-francisco-pandemic-economic-recovery-workers Study Ranks San Francisco Dead Last In U.S. for Downtown Economic Recoverieshttps://sfist.com/2023/01/19/study-ranks-san-francisco-dead-last-in-u-s-for-downtown-economic-recoveries/ Report: Bay Area Remains Top VC Market in the U.S.https://www.connectcre.com/stories/report-bay-area-remains-top-vc-market-in-the-u-s/ Why Google Leased This SF Land for an Insane Pricehttps://sfstandard.com/business/why-google-leased-this-patch-of-land-for-an-insane-price/ Sunnyvale Apartment Complex Trades for More Than $100M https://therealdeal.com/sanfrancisco/2023/01/23/sunnyvale-apartment-complex-trades-for-more-than-100m/ —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 for buying, selling, and investing in the Bay Area. In 2022, we are thrilled to share that we helped 80 clients with their moves, which positions our team among the Top 1% in the country. Looking forward to helping you into your next home and save/earn you more money! Looking forward to helping you! Spencer Hsu, MBA, REALTORSpencer@SpencerHsu.com 408-547-4590EXP Realty DRE #02077253https://www.homesbyspencerhsu.com/#BayAreaRealEstate​​

28 Jan 202327min

In this week’s Bay Area Real Estate Update, Spencer will talk about how lower mortgages and higher inventory have boosted demand for home loans in 2023, on the heels of a mortgage volume collapse in Q4 of 2022. HousingWire agrees, saying mortgage rates and inflation have both peaked – good news for both buyers and sellers as we head deeper into the new year. He’ll also cover why San Jose stayed strong during the pandemic and the WFH era while San Francisco receded. Other newsworthy items include the Bay Area edging towards a home-building slowdown, a China-based company selling a commercial site in San Jose, and Google salvaging older downtown building as part of its Downtown West San Jose project.Listen to this live Q & A with Bay Area real estate guru Spencer Hsu to learn what will happen to Bay Area housing before the media reports it! And if you ever plan on buying or selling a home in the Bay Area, you'll want to watch this update.We go LIVE this Saturdays at 10 am PT. Ask me anything!Text or call us today at 408-547-4590. You can also visit us at https://www.homesbyspencerhsu.com— TIMESTAMPS —2:56 Intro4:34 Lower Mortgage Rates, Higher Inventory Boost Demand for Home Loans8:01 Mortgage Volumes Collapse for Wells Fargo, JPMorgan in Q4 202211:27 Mortgage Rates Have Peaked Along with Inflation13:59 Google to Lay Off 12,000 People, Memo from CEO Sundar Pichai Says18:19 Why San Jose Stayed Resilient as San Francisco Stumbled24:39 San Francisco and Bay Area Peers Hustle to Meet Looming State Housing Deadline27:04 Bay Area Hovers on Verge of Home-Building Slowdown28:40 China-Based Z&L to Sell Site for Housing Towers in San Jose30:32 Outro— WEEKLY HIGHLIGHT —Lower Mortgage Rates, Higher Inventory Boost Demand for Home Loanshttps://www.housingwire.com/articles/lower-mortgage-rates-higher-inventory-boost-demand-for-home-loans/Mortgage Volumes Collapse for Wells Fargo, JPMorgan in Q4 2022 - HousingWirehttps://www.housingwire.com/articles/mortgage-volumes-plummet-for-wells-fargo-jpmorgan-in-q4-2022/Mortgage Rates Have Peaked Along with Inflation - HousingWirehttps://www.housingwire.com/articles/mortgage-rates-have-peaked-along-with-inflation/Google to Lay Off 12,000 People, Memo from CEO Sundar Pichai Sayshttps://www.cnbc.com/2023/01/20/google-to-lay-off-12000-people-memo-from-ceo-sundar-pichai-says.htmlWhy San Jose Stayed Resilient as San Francisco Stumbledhttps://sfstandard.com/business/why-san-jose-stayed-resilient-as-san-francisco-stumbled/San Francisco and Bay Area Peers Hustle to Meet Looming State Housing Deadlinehttps://www.bizjournals.com/sanfrancisco/news/2023/01/17/san-francisco-housing-element-adoption.htmlBay Area Hovers on Verge of Home-Building Slowdownhttps://therealdeal.com/sanfrancisco/2023/01/17/bay-area-hovers-on-verge-of-home-building-slowdown/China-Based Z&L to Sell Site for Housing Towers in San Josehttps://therealdeal.com/sanfrancisco/2023/01/17/china-based-zl-to-sell-site-for-housing-towers-in-san-jose/—🌍 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 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 helped 64 families find homes in 2021 ($80MM in transactions) and helped 80+ in 2022, which positions me as a Top 1% Realtor in the US.Looking forward to helping you!Spencer Hsu, MBA, REALTORSpencer@SpencerHsu.com408-547-4590EXP Realty DRE #02077253https://www.homesbyspencerhsu.com/#BayAreaRealEstate​​

21 Jan 202330min