Dreaming of Cali — Real Estate Market ON FIRE | Bay Area Real Estate Market Report May 14, 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:

California Dreaming: Golden State's real estate market among hottest on record (0:32) https://abc7news.com/california-economy-real-estate-housing-market-hot/10615034/

What's driving the spike in Bay Area property transfers (2:31) https://www.mercurynews.com/2021/05/10/we-had-a-landrush-whats-driving-the-spike-in-bay-area-property-transfers/ T

he Bay Area's housing production plummeted in 2020. Here's a look at the trend by county (3:26) https://www.sfchronicle.com/local/article/These-Bay-Area-counties-saw-the-biggest-drop-in-16162582.php

Bay Area rental market appears to be stabilizing (6:17) https://www.kron4.com/news/real-estate/bay-area-rental-market-appears-to-be-stabilizing/

In less than a year, Mountain View builds and opens new 100-unit homeless housing complex (8:03) https://www.paloaltoonline.com/news/2021/05/10/in-less-than-a-year-mountain-view-builds-and-opens-new-100-unit-homeless-housing-complex

Gov. Newsom rolls out record $12 billion plan to fight homelessness (10:00) https://www.mercurynews.com/2021/05/11/newsom-rolls-out-12-billion-plan-to-fight-homelessness/

Alameda: Developer Buys 182 Waterfront Homesites (10:32) https://www.msn.com/en-us/money/realestate/alameda-developer-buys-182-waterfront-homesites/ar-BB1gCssv

Mortgage rates manage another dip to 2.94% (11:49) https://www.housingwire.com/articles/mortgage-rates-manage-another-dip-to-2-94/

Mortgages for second homes skyrocket 178% (12:18) https://www.housingwire.com/articles/mortgages-for-second-homes-skyrocket-178/

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

San Mateo County 13:13

Santa Clara County 14:42

Alameda County 15:38

San Francisco County: 16:47

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