Bay Area Real Estate Market Update June 25, 2022 | Housing Affordability Drops to 15 Year Low

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 Intro01:13 Housing Affordability Drops to 15-Year Low: Zillow07:59 Rent Spiked Again in April, Expected to Keep Climbing Through the Year08:39 JPMorgan Lays Off Home Lending Employees As Housing Market Cools12:53 Home Sales in California Dip Below Pre-Pandemic Levels as the Effects of Rising Interest Rates13:13 Bay Area Housing Prices Falling?13:24 San Jose Council Approves Nearly 1,000 Housing Units in New Urban Village14:53 Bay Area's Life Science Real Estate Market Remains Sturdy Amid Uncertainty For Tenants16:22 Affordable Housing in California Now Routinely Tops $1 million Per Apartment to Build18:55 Block Gives Up San Francisco Office Space as Downtown Continues to Struggle19:25 $5.3 Billion: San Jose to San Francisco High-Speed Rail Costs Balloon by Over 200%20:44 Market Updates - San Mateo County 22:09 Santa Clara County23:17 Alameda County23:42 Marin County— WEEKLY HIGHLIGHTS —Housing Affordability Drops to 15-Year Low: ZillowRent Spiked Again in April, Expected to Keep Climbing Through the YearJPMorgan Lays Off Home Lending Employees As Housing Market CoolsHome Sales in California Dip Below Pre-Pandemic Levels as the Effects of Rising Interest Rates Begin to Show Even as Prices Set Another Record Bay Area Housing Prices Falling?San Jose Council Approves Nearly 1,000 Housing Units in New Urban Village Bay Area's Life Science Real Estate Market Remains Sturdy Amid Uncertainty For TenantsAffordable Housing in California Now Routinely Tops $1 million Per Apartment to BuildBlock Gives Up San Francisco Office Space as Downtown Continues to Struggle$5.3 Billion: San Jose to San Francisco High-Speed Rail Costs Balloon by Over 200%— MARKET DATA CHARTS — https://docs.google.com/spreadsheets/d/1P5T3T4doU9vutLotcKnZ0WCZahU0nvKn1khR-QQsrTI/edit?usp=sharingCall 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#BayAreaRealEstate #TechRealtor