San Francisco Apartment Rents Crater | Bay Area Real Estate Market Report October 16, 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!San Francisco Apartment Rents Crater Up to 31%, Most in U.S.https://www.msn.com/en-us/money/realestate/san-francisco-apartment-rents-crater-up-to-31percent-most-in-us/ar-BB19YsKZDropbox Goes Virtual Firsthttps://blog.dropbox.com/topics/company/dropbox-goes-virtual-firstMicrosoft employees given option to WFH permanentlyhttps://www.bizjournals.com/triangle/news/2020/10/12/microsoft-employees-given-option-to.htmlAmazon buys big site near downtown San Josehttps://www.mercurynews.com/2020/10/13/amazon-buys-big-san-jose-site-web-services-real-estate-tech-develop/Major Bay Area Biotech Giant Seeks to Double Its Headquartershttps://endpts.com/genentech-submits-a-plan-to-nearly-double-its-south-san-francisco-footprint/Average 30-year mortgage rate falls to another all-time lowhttps://www.housingwire.com/articles/average-30-year-mortgage-rate-falls-to-another-all-time-low/Luxury home sales rise 41.5%, making biggest jump since 2013https://www.housingwire.com/articles/luxury-home-sales-rise-41-5-making-biggest-jump-since-2013/Home prices rose by record numbers last weekhttps://www.housingwireHome prices rose by record numbers last week.com/articles/home-prices-rose-by-record-numbers-last-week/San Francisco homes for sale hit a 15-year-high, as deluge of new condos flood the markethttps://www.sfchronicle.com/realestate/article/San-Francisco-homes-for-sale-at-15-year-high-as-15632382.phpLatest 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