New Home Sales at its Lowest Pace in a Year | Bay Area Real Estate Market Report June 25, 2021

Every week at 12 PM PST, I analyze the news and data that can affect the Bay Area Real Estate Market. Tune in weekly and email me anytime if I can help! [email protected].

Topics covered for the week:

New home sales fall to lowest pace in a year (1:11)

https://www.housingwire.com/articles/new-home-sales-fall-to-lowest-pace-in-a-year/

Mortgage applications rise again, despite rates jump (4:16)

https://www.housingwire.com/articles/mortgage-applications-rise-again-despite-rates-jump/

More Bay Area homes are now selling above asking price. Is it demand or 'cruel' pricing strategies? (5:12)

https://www.sfchronicle.com/local/article/Bay-Area-homes-real-estate-asking-prices-16263716.php

Are Wall Street hedge funds buying up homes in the Bay Area? (7:45)

https://www.sfchronicle.com/local/article/Are-Wall-Street-hedge-funds-buying-up-homes-in-16260880.php

Sunnyvale site near Apple Park spaceship campus lands local buyer (10:58)

https://www.mercurynews.com/2021/06/21/sunnyvale-site-apple-park-spaceship-lands-local-buyer-tech-real-estate/

Client Story: (11:56)

https://www.redfin.com/CA/San-Jose/1309-Bottle-Brush-Ln-95118/home/920990

Latest Market Data for all counties in the Bay Area

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

San Mateo County 15:41

Santa Clara County 17:02

Alameda County 17:42

San Francisco County 18:16

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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. 50 families have been helped in the last 15 months which positions me as a Top 1% Realtor. Looking forward to help you!

Spencer Hsu, MBA Tech Realtor

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EXP Realty DRE #02077253

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