Bay Area Market Update May 2023: Top 10 Wealthiest Cities | Bank Closures | Tech Giants on the Move

Bay Area Market Update May 2023: Top 10 Wealthiest Cities | Bank Closures | Tech Giants on the Move

In this comprehensive Bay Area Market Update for May 2023, we dive deep into the latest trends and developments in the housing market, the impact of recent bank closures, and the ongoing migration of tech giants. Join us as we explore:


🏠 The current state of the Bay Area housing market, including home prices, inventory levels, and buyer demand.

💰 How bank closures are affecting the local economy and real estate financing options.

🚀 The movement of tech giants within the Bay Area and its implications for the job market and housing demand.


Highlights

These are the 10 wealthiest cities in the world—3 of them are in the U.S.

https://www.cnbc.com/2023/04/26/world-wealthiest-cities-henley-partners-report.html


Is First Republic and Silicon Valley Bank fallout hurting the Bay Area real estate market?

https://www.sfchronicle.com/realestate/article/silicon-valley-first-republic-17889773.php


Mortgage fees to rise for buyers with high credit scores, fall for those with lower scores

https://www.siliconvalley.com/2023/05/01/mortgage-fees-to-rise-for-buyers-with-high-credit-scores-fall-for-those-with-lower-scores/


In Silicon Valley, nearly a dozen renters compete for every available apartment

https://www.mercurynews.com/2023/04/03/in-silicon-valley-nearly-a-dozen-renters-compete-for-every-available-apartment/


Microsoft solidifies San Jose presence with fresh property deal

https://www.mercurynews.com/2023/04/26/microsoft-san-jose-tech-real-estate-develop-build-buy-sell-land/


Google moves into two big San Jose buildings within huge tech campus

https://www.mercurynews.com/2023/04/27/google-san-jose-office-building-expand-tech-jobs-economy-real-estate/


Apple doubles down on Cupertino again, eyes big new office building

https://www.mercurynews.com/2023/04/07/apple-cupertino-tech-build-real-estate-office-jobs-economy-covid/


-

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- 4590

Email: 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 #LivingintheBayArea #MovingtoCalifornia

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)

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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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