Record Year for New Home Sales | Bay Area Real Estate Market Update August 28, 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! Foreclosure and Eviction Moratorium extended for the 3rd time to end of the year https://www.housingwire.com/articles/fhfa-extends-foreclosure-and-eviction-moratorium-for-a-third-time-to-dec-31/ Mortgage rates fall to 2.91% https://www.housingwire.com/articles/average-mortgage-rate-falls-to-2-91-freddie-mac/ Refinance fee start date delayed to December 1 https://www.housingwire.com/articles/fhfa-delays-refinance-fee-start-date-to-dec-1/ Large Homes highly desirable https://www.housingwire.com/articles/sales-of-large-homes-skyrocket-as-homeowners-seek-more-space/ July pending home sales up 15% annually https://www.housingwire.com/articles/insatiable-demand-drives-july-pending-home-sales-up-15-annually/ Record year for new home sales https://www.housingwire.com/articles/sales-of-new-homes-in-july-surpass-a-13-year-high/ 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

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