Bay Area Real Estate Update February 2023 | Goldman Sachs Predicts San Jose Market Crash?

In this week’s Bay Area Real Estate Update, Spencer provides his monthly real estate market update and reviews a Goldman Sachs report about which four US cities will see a housing market crash reminiscent of 2008’s crash. He also examines the historical cost of living in the Bay Area – has it always been so high? Why are rent prices now increasing in the Bay Area? Also in the news: a $1 billion real estate deal that’s helped investors score local properties; Amazon finds a buyer for its Bay Area office campus; TikTok’s ByteDance moves into new San Jose offices; Steph Curry joins the Bay Area’s anti-MFH development movement; and a pre-sale home reno startup raises eight figures in Series A funding.Listen to this live Q & A with Bay Area real estate guru Spencer Hsu to learn what will happen to Bay Area housing before the media reports it! And if you ever plan on buying or selling a home in the Bay Area, you'll want to watch this update.We go LIVE this Saturdays at 10 am PT. Ask me anything! Text or call us today at 408-547-4590. You can also visit us at https://www.homesbyspencerhsu.com— TIMESTAMPS —2:55 Intro4:44 Monthly Market Update16:13 Jobs Report January 202318:19 Here Are the Layoff Severance Packages Google, Microsoft, & Amazon Have Promised23:40 These 4 Cities Will Suffer a 2008 Crash in Home Values: Goldman Sachs27:33 Outro— WEEKLY HIGHLIGHT —Jobs Report January 2023: Payrolls Increased by 517,000, Unemployment Rate at 53-year Lowhttps://www.cnbc.com/2023/02/03/jobs-report-january-2023-.html Here Are the Layoff Severance Packages Google, Microsoft, Amazon, and Other Tech Giants Have Promisedhttps://www.cnbc.com/2023/01/20/google-amazon-microsoft-meta-twitter-severance-packages-compared.html These 4 Cities Will Suffer a 2008 Crash in Home Values: Goldman Sachshttps://nypost.com/2023/01/24/goldman-sachs-sees-a-crash-for-home-values-in-these-4-cities/ --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 for buying, selling, and investing in the Bay Area. In 2022, we are thrilled to share that we helped 80 clients with their moves, which positions our team among the Top 1% in the country. Looking forward to helping you into your next home and save/earn you more money! Looking forward to helping you! Spencer Hsu, MBA, [email protected] 408-547-4590EXP Realty DRE #02077253https://www.homesbyspencerhsu.com/#BayAreaRealEstate​​