Bay Area Market Update June 5, 2020 - Spencer Hsu, Realtor

Every week, I go over news that can affect Bay Area Real Estate. Tune in weekly!

Surprise Job Surge

https://www.cnbc.com/2020/06/05/jobs-report-may-2020.html

Stock market, S&P Index just had it’s best 50 days ever

https://www.cnn.com/2020/06/04/investing/premarket-stocks-trading/index.html

3 mortgage lenders pump up hiring, hiring thousands of people

https://www.housingwire.com/articles/three-mortgage-leaders-pump-up-the-hiring-volume/#

Mortgage applications are a big indicator of future demand. Spike 18% over last year.

https://www.housingwire.com/articles/summer-home-buying-set-to-take-off/#

65% are ready to go look for houses without hesitation and more value to an agent

https://www.housingwire.com/articles/homebuyers-and-sellers-are-ready-to-return-to-open-houses/

Expect prices to rise this summer

https://www.housingwire.com/articles/realtor-com-expect-listing-prices-to-rise-this-summer/

Opendoor resumes operations

https://www.housingwire.com/articles/opendoor-resumes-operations-in-five-markets/

SF Rent prices decline 9% year over year which is the largest decline ever.

https://www.zumper.com/blog/zumper-national-rent-report-june-2020/

Market Data Analysis

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

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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

[email protected]

408-547-4590

EXP Realty DRE #02077253

https://www.homesbyspencerhsu.com/

#BayAreaRealEstate