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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