Amazon sinking $1.4 billion into new offices | Bay Area Real Estate Market Report September 24, 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 and ask me anything!

The real reason Amazon is sinking $1.4 billion into new offices
https://www.fastcompany.com/90543442/the-real-reason-amazon-is-sinking-1-4-billion-into-new-offices

Average mortgage rates tick up this week 
https://www.housingwire.com/articles/average-mortgage-rates-tick-up-this-week/

5 reasons mortgage rates will rise in 2021 
https://www.housingwire.com/articles/pulse-dave-stevens-5-reasons-why-mortgage-rates-are-going-to-rise-in-2021/

Housing market stays hot into fall with mortgage applications up 6.8% 
https://www.housingwire.com/articles/housing-market-stays-hot-into-fall-with-mortgage-applications-up-6-8/

Homeowners gain over $620 billion in equity in second quarter https://www.housingwire.com/articles/homeowners-gain-over-620-billion-in-equity-in-second-quarter/

Real Estate Home prices post record two-month gain, FHFA says https://www.housingwire.com/articles/home-prices-post-record-two-month-gain-fhfa-says/

Sales of existing homes surge to a 14-year high
https://www.housingwire.com/articles/sales-of-existing-homes-surge-to-a-14-year-high/

Builder confidence reaches 35-year high in September
https://www.housingwire.com/articles/builder-confidence-reaches-35-year-high-in-september/

Latest Market Data for all counties in the Bay Area
https://docs.google.com/spreadsheets/d/1P5T3T4doU9vutLotcKnZ0WCZahU0nvKn1khR-QQsrTI/edit?usp=sharing

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Born and raised in the Bay Area, I spent 11 years as an Enterprise Sales Manager before becoming the Tech Realtor of the Bay Area. Having the background as a homeowner, investor, and renovator, I leverage data and insights to help my clients gain a competitive advantage with their real estate journey. Communication and knowledge is key so as long as I'm awake, you will get a reply from me! I have helped 31 families YTD for over $40MM in delighted transactions and I look forward to help you too.

Spencer Hsu, MBA Tech Realtor 
[email protected]
(408) 223-5493 
EXP Realty DRE #02077253 
www.homesbyspencerhsu.com