San Francisco Apartment Rents Crater | Bay Area Real Estate Market Report October 16, 2020

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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!

San Francisco Apartment Rents Crater Up to 31%, Most in U.S.
https://www.msn.com/en-us/money/realestate/san-francisco-apartment-rents-crater-up-to-31percent-most-in-us/ar-BB19YsKZ

Dropbox Goes Virtual First
https://blog.dropbox.com/topics/company/dropbox-goes-virtual-first Microsoft employees given option to WFH permanently https://www.bizjournals.com/triangle/news/2020/10/12/microsoft-employees-given-option-to.html

Amazon buys big site near downtown San Jose
https://www.mercurynews.com/2020/10/13/amazon-buys-big-san-jose-site-web-services-real-estate-tech-develop/ Major Bay Area Biotech Giant Seeks to Double Its Headquarters https://endpts.com/genentech-submits-a-plan-to-nearly-double-its-south-san-francisco-footprint/

Average 30-year mortgage rate falls to another all-time low https://www.housingwire.com/articles/average-30-year-mortgage-rate-falls-to-another-all-time-low/

Luxury home sales rise 41.5%, making biggest jump since 2013 https://www.housingwire.com/articles/luxury-home-sales-rise-41-5-making-biggest-jump-since-2013/

Home prices rose by record numbers last week https://www.housingwireHome prices rose by record numbers last week.com/articles/home-prices-rose-by-record-numbers-last-week/

San Francisco homes for sale hit a 15-year-high, as deluge of new condos flood the market https://www.sfchronicle.com/realestate/article/San-Francisco-homes-for-sale-at-15-year-high-as-15632382.php

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 in Startup Technology Sales before becoming a full-time Realtor. Having personally invested and done renovations in the Bay Area, I wanted to help busy colleagues in the Bay Area technology industry find their dream home by leveraging tech, data and insights. I specialize in educating my clients on the process of buying, selling, and investing in the Bay Area. I have helped 23 families within the last 12 months for $30MM in happy transactions!

Spencer Hsu, MBA Tech Realtor
[email protected]
(408)223-5493
EXP Realty DRE #02077253
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#bayarearealestate #TechRealtor

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