Homebuying Froth? Not in the Bay Area! | Bay Area Real Estate Market Report May 28, 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:

Bubble Watch: Not much homebuying froth in Bay Area (0:34) https://www.mercurynews.com/2021/05/26/bubble-watch-not-much-homebuying-froth-in-bay-area/

Lowe's hardware site in San Jose is bought by busy developer (3:18) https://www.mercurynews.com/2021/05/25/lowes-hardware-site-san-jose-bought-real-estate-retail-develop-hawaii/ [CNBC]

Get ready, rents are rising fast again, even in San Francisco (4:35) https://www.cnbc.com/2021/05/25/get-ready-rents-are-rising-fast-again-even-in-san-francisco.html

San Francisco ranks near the bottom of US metro areas in home value increases (6:43) https://www.sfchronicle.com/local/article/The-pandemic-housing-boom-affected-the-Bay-Area-16196568.php

Apple mega deal: iPhone maker agrees to huge Sunnyvale expansion (8:06) https://www.mercurynews.com/2021/05/24/apple-mega-deal-iphone-maker-huge-sunnyvale-expansion-real-estate-tech/

Snowflake relocates executive office from California to Bozeman, Montana, as company goes distributed (9:19) https://www.cnbc.com/2021/05/26/snowflake-moves-executive-office-from-california-to-bozeman-montana.html

Oracle finds buyer for big downtown San Jose office tower (11:09) https://www.mercurynews.com/2021/05/24/oracle-buyer-big-downtown-san-jose-office-tower-real-estate-tech/

State requires Milpitas to double housing production (11:51) https://milpitasbeat.com/state-requires-milpitas-to-double-housing-production/ Lenders pick up the pace in closing mortgages (13:41) https://www.housingwire.com/articles/lenders-pick-up-the-pace-in-closing-mortgages/

Pandemic helped first-time homebuyers in some ways (14:43) https://www.housingwire.com/articles/first-time-homebuyers-savings-housing/ Home prices haven't risen this fast since 2005 (15:52) https://www.housingwire.com/articles/home-prices-havent-risen-this-fast-since-2005/

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 16:38

Santa Clara County 18:00

Alameda County 18:28

San Francisco County 19:03

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