Bay Area Real Estate Update February 2023 | Mortgage Rates Back at 5%?

Bay Area Real Estate Update February 2023 | Mortgage Rates Back at 5%?

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 Intro

5:16 Mortgage Refinance Demand Jumps 18%

9:40 These 10 Metro Areas Are the Most 'Rent-Burdened' in the U.S

13:07 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 CRE

22:44 Apple Leases Big Sunnyvale Building as Tech Titan Widens Footprint

23:47 Outro


— WEEKLY HIGHLIGHT —

Mortgage Refinance Demand Jumps 18% as Interest Rates Drop for the Fifth Straight Week

https://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. 1

https://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 CRE

https://www.connectcre.com/stories/google-san-jose-village-remains-a-go/

Apple Leases Big Sunnyvale Building as Tech Titan Widens Footprint

https://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, REALTOR

Spencer@SpencerHsu.com

408-547-4590

EXP Realty DRE #02077253

https://www.homesbyspencerhsu.com/

#BayAreaRealEstate​​



Avsnitt(362)

How do you Buy a Home in the Bay Area? - 7 Key Steps with Spencer Hsu Real Estate

How do you Buy a Home in the Bay Area? - 7 Key Steps with Spencer Hsu Real Estate

Homebuying can be daunting but with the right education, there are 7 key steps to go from idea to home ownership. Whether this is your first time, or this is your 5th time, I'm sure you will learn things from my approach that you won't from others.7 Critical steps to buying a home in the Bay Area0:55 Step 1 What is your motivation?2:43 Step 2 Talk to a lender and get pre-approved5:24 Step 3 Begin the search and discovery6:28 Step 4 Check out specific houses8:31 Step 5 Strategize on an offer11:22 Step 6 What happens when you are in contract?16:12 Step 7 Congratulations! Client for Life!Have any questions? Reach out and let's talk about your real estate goals anytime! Feel free to find a time on my calendar and we can talk about anything.🗓 Want to schedule a time for a free consultation? Find a time that works for you! https://www.calendly.com/s...🌍Find your dream Bay Area home https://www.homesbyspencerhsu.com/​​📸Follow me on Instagram: https://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/2Fvk41fbD6kiRtHt5🏠💲Track the value of your home and see if it's beneficial to refinance! http://bit.ly/3aFdyMWGet added to my monthly insights newsletter! https://forms.gle/toWqtGBFaSRYJj2hREAD MY REVIEWS FROM PAST CLIENTS:Yelp: https://www.yelp.com/biz/spencer-hsu-...Zillow: https://zillow.com/bayareareagentRealtor.com: https://www.realtor.com/realestateage...——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 as seamlessly as possible. I specialize in educating my clients on the process of buying, selling, and investing in the Bay Area. I have helped 17 families within the last year for $21MM in happy transactions!Spencer Hsu, MBARealtorSpencer@SpencerHsu.com(408)223-5493EXP Realty DRE #02077253www.spencerhsu.com

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Santa Clara and San Mateo County Real Estate Market Video during Coronavirus (April 10, 2020)

Santa Clara and San Mateo County Real Estate Market Video during Coronavirus (April 10, 2020)

Check out my weekly live show! Here are the things covered this week:1) 1:02 Current protocol for seeing houseshttps://www.samcar.org/posts/what-doe...2) 2:05 Mortgage guidelines have tightenedhttps://www.housingwire.com/articles/...3) 3:44 Construction is no longer an essential servicehttps://www.mercurynews.com/2020/03/3...4) 5:15 Market Analysis of Santa Clara Countyhttps://docs.google.com/spreadsheets/...12:02 Market Analysis of Santa Clara County5) 15:20 Time to refinance?https://www.housingwire.com/articles/...Have any questions? Reach out and let's talk about your real estate situation anytime! Feel free to find a time on my calendar and we can talk about anything.🗓 Want to schedule a time for a free consultation? Find a time that works for you! https://calendly.com/spencerhsure🌍Find your dream Bay Area home https://www.homesbyspencerhsu.com/​​📸Follow me on Instagram: https://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/2Fvk41fbD6kiRtHt5🏠💲Track the value of your home and see if it's beneficial to refinance! http://bit.ly/3aFdyMWGet added to my monthly insights newsletter! https://forms.gle/toWqtGBFaSRYJj2hREAD MY REVIEWS FROM PAST CLIENTS:Yelp: https://www.yelp.com/biz/spencer-hsu-...Zillow: https://zillow.com/bayareareagentRealtor.com: https://www.realtor.com/realestateage...——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 as seamlessly as possible. I specialize in educating my clients on the process of buying, selling, and investing in the Bay Area. I have helped 17 families within the last year for $21MM in happy transactions!Spencer Hsu, MBARealtorSpencer@SpencerHsu.com(408)223-5493EXP Realty DRE #02077253www.homesbyspencerhsu.com

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