Trump Visa Proclamation Bay Area Real Estate Market Update June 26, 2020

Every week, I go over news that can affect Bay Area Real Estate. I look into news and data that can affect the Silicon Valley Real Estate Market. Tune in weekly!

Trump Visa Proclamation

https://www.washingtonpost.com/immigration/trump-visa-restrictions-explained/2020/06/23/78c25baa-b53b-11ea-9b0f-c797548c1154_story.html

Mortgage rates remain at all-time low

https://www.housingwire.com/articles/mortgage-rates-remain-at-all-time-low/

Purchase applications fall for the first time in 10 weeks

https://www.housingwire.com/articles/purchase-apps-fall-for-the-first-time-in-10-weeks/

Mortgage forbearances rises after 3 weeks of decline

https://www.housingwire.com/articles/mortgage-forbearances-rise-after-three-weeks-of-decline/

Luxury market bounces back (properties over $1M)

https://www.housingwire.com/articles/the-luxury-market-is-bouncing-back/

US Home prices grew 5.5% in April

https://www.housingwire.com/articles/u-s-home-prices-grew-5-5-in-april-despite-pandemic/

Sales of new homes spike in May

https://www.housingwire.com/articles/sales-of-new-houses-spike-in-may-on-low-rates/

Market Data

https://docs.google.com/spreadsheets/d/1P5T3T4doU9vutLotcKnZ0WCZahU0nvKn1khR-QQsrTI/edit#gid=0

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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