Bay Area Market Update June 5, 2020 - Spencer Hsu, Realtor

Every week, I go over news that can affect Bay Area Real Estate. Tune in weekly!Surprise Job Surgehttps://www.cnbc.com/2020/06/05/jobs-report-may-2020.htmlStock market, S&P Index just had it’s best 50 days everhttps://www.cnn.com/2020/06/04/investing/premarket-stocks-trading/index.html3 mortgage lenders pump up hiring, hiring thousands of peoplehttps://www.housingwire.com/articles/three-mortgage-leaders-pump-up-the-hiring-volume/#Mortgage applications are a big indicator of future demand. Spike 18% over last year.https://www.housingwire.com/articles/summer-home-buying-set-to-take-off/#65% are ready to go look for houses without hesitation and more value to an agenthttps://www.housingwire.com/articles/homebuyers-and-sellers-are-ready-to-return-to-open-houses/Expect prices to rise this summerhttps://www.housingwire.com/articles/realtor-com-expect-listing-prices-to-rise-this-summer/Opendoor resumes operationshttps://www.housingwire.com/articles/opendoor-resumes-operations-in-five-markets/SF Rent prices decline 9% year over year which is the largest decline ever.https://www.zumper.com/blog/zumper-national-rent-report-june-2020/Market Data Analysishttps://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