Amazon buys Gilroy Farmland for 4 times the value | Bay Area Real Estate Market Update August 21, 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!Amazon buys Gilroy Farmland for 4 times the valuehttps://www.mercurynews.com/2020/08/18/amazon-unit-buys-big-chunks-gilroy-farmland-real-estate/?utm_medium=social&utm_campaign=socialflow&utm_source=facebook.com&utm_content=fb-mercurynewsAverage US rates rise slightly to 2.99%https://www.housingwire.com/articles/u-s-mortgage-rates-rise-on-risk-assessment/Mortgage applications fall 3.3% as interest rates risehttps://www.housingwire.com/articles/mortgage-applications-fall-3-3-as-interest-rates-rise/Housing starts report confirms housing market recovery. V-shaped is no longer a questionhttps://www.housingwire.com/articles/housing-starts-report-confirms-housing-market-recovery/Forbearance rate drops below 5%, lowest since mid-Aprilhttps://www.housingwire.com/articles/fannie-mae-freddie-mac-forbearance-rate-drops-below-5/Mid-August rent payments tick up to near-normal levelshttps://www.housingwire.com/articles/mid-august-rent-payments-tick-up-to-near-normal-levels/Latest Market Data for all counties in the Bay Areahttps://docs.google.com/spreadsheets/d/1P5T3T4doU9vutLotcKnZ0WCZahU0nvKn1khR-QQsrTI/edit?usp=sharing--If you’re interested in buying, selling, or investing in residential or commercial real estate in the 📍SF Bay Area, contact me today!📧[email protected]📞 (408) 547-4590⏰ Set up a time to chat: https://calendly.com/spencerhsure🌍 Find your dream Bay Area home https://www.homesbyspencerhsu.com/🎙️ Listen to my podcast: https://redcircle.com/shows/bayarearealestate📸Follow me on Instagram: https://www.instagram.com/spencerhsure🧑‍💼 Let's connect on LinkedIn: https://www.linkedin.com/in/spencerhsu🛎 Don’t forget to subscribe for the latest real estate tips and updates: https://forms.gle/c5xkznHLTBh7Yzgi7🏠💲 Track the value of your home and see if it's beneficial to refinance! http://bit.ly/3aFdyMW--My Background: Born and raised in the Bay Area, I spent 11 years as Technology Sales Manager before becoming a Realtor. Having personally invested and done renovations through house flips in the Bay Area, I wanted to help busy professionals in the Bay Area tech industry find their dream home by leveraging tech, data and local insights. Our team specializes in creating trusted frameworks of buying, selling, and investing in the Bay Area. In 2022, we are thrilled to share that we have helped 80 clients in the Bay Area with their moves, which positions our team as the Top 1% groups in the country. Looking forward to helping you into your next home and save/earn you more money!Spencer Hsu, MBA, [email protected] Realty DRE #02077253https://www.homesbyspencerhsu.com/#BayAreaRealEstate