Bay Area Real Estate Market Update June 18, 2022 | Interest Rates Biggest Hike Since 1994

Every week, I go over news that can affect Bay Area Real Estate. I look into market statistics and data that can affect the Silicon Valley Real Estate Market. Tune in weekly and ask me anything!Text or call us today at 408-547-4590. You can also visit us at https://www.homesbyspencerhsu.com/🗓 Want to schedule a time for a free consultation? Find a time that works for you! https://www.calendly.com/techrealtor— TIMESTAMPS —00:00 Intro00:03 Fed hikes its benchmark interest rate by 0.75 percentage point, the biggest increase since 199404:43 Record High for Home Equity08:52 Tesla Shifts Cuts into Higher Gear10:45 Compass, Redfin Both Announce Layoffs Amid Slowing Housing Market Nationwide14:06 Menlo Park Office Building is Bought by Big Bay Area Developer16:03 Big chunk of Pleasanton Land is Bought by Veteran Developer From NYC16:44 Nocal Office Park Converting to Life Sciences Hub18:20 ByteDance Eyes Big Office Sublease Deal at San Jose Tech Campus20:49 Market Updates - Santa Clara County 22:23 Active Number of Listings24:18 New Listings25:12 Days to Sell28:02 Sales to Original Price Ratio29:38 Months of Inventory— WEEKLY HIGHLIGHTS —Fed hikes its benchmark interest rate by 0.75 percentage point, the biggest increase since 1994Record High for Home Equity | LinkedInTesla Shifts Cuts Into Higher Gear | LinkedInCompass, Redfin Both Announce Layoffs Amid Slowing Housing Market NationwideMenlo Park Office Building is Bought by Big Bay Area DeveloperBig chunk of Pleasanton Land is Bought by Veteran Developer From NYCNocal Office Park Converting to Life Sciences HubByteDance Eyes Big Office Sublease Deal at San Jose Tech CampusCall or Text us today at 408-547-4590. You can also visit us at https://www.homesbyspencerhsu.com/🗓 Want to schedule a time for a free consultation? Find a time that works for you! https://www.calendly.com/techrealtor🌍Find your dream Bay Area home www.homesbyspencerhsu.com📸Follow me on Instagram: https://www.instagram.com/bayareatechrealtor🧑‍💼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 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 worked with 57 families in 2021 buy and sell locally for over $80MM which helped me become a top 1% Realtor in the Bay in record breaking time!Looking forward to helping you!Spencer Hsu, MBA Tech [email protected](408) 547-4590 EXP Realty DRE #02077253