Bay Area Market Update October 2022 | Bay Area Rents Increase by 34% in a Year

Are you still thinking about renting in the Bay Area despite rent increasing more than 30% in a year? Tune in to see which cities are making Silicon Valley one of the highest rents in the country. See first hand the collision between the highest mortgage rates in more than 20 years and one of the deadliest hurricanes on record in the United States, both contributing to a steep drop in mortgage demand.Plus, a look at big Bay Area tech companies choosing to downsize, while Google continues to expand their reach. I'll answer these questions and more LIVE this Saturday 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 —00:00 Intro’01:28 Sunnyvale 1-Bedroom Rents Shoot up 34% in a Year, Report Finds - CBS San Francisco05:56 Mortgage Applications Plummet 14% as Higher Interest Rates and Hurricane Ian Crush Demand07:42 AZ Big Media Tempe Ranks No. 2 on Best Places to Live in U.S. List09:10 California REALTORS® Applaud Bill to Raise Capital Gains Exclusion and Are up Housing Inventory13:39 Bay Area Offices Pack Big Punch in $1.1 billion Mega Real Estate Deal15:21 Massive Tech Campus Construction Project Emerges in Downtown San Jose16:41 Facebook Parent Company Meta to Downsize Bay Area Offices to Adjust to Hybrid Work— WEEKLY HIGHLIGHT —Sunnyvale 1-Bedroom Rents Shoot up 34% in a Year, Report Finds - CBS San FranciscoMortgage Applications Plummet 14% as Higher Interest Rates and Hurricane Ian Crush DemandAZ Big Media Tempe Ranks No. 2 on Best Places to Live in U.S. ListCalifornia REALTORS® Applaud Bill to Raise Capital Gains Exclusion and Are up Housing InventoryBay Area Offices Pack Big Punch in $1.1 billion Mega Real Estate DealMassive Tech Campus Construction Project Emerges in Downtown San JoseFacebook Parent Company Meta to Downsize Bay Area Offices to Adjust to Hybrid Work—🌍 Find your dream Bay Area home https://www.homesbyspencerhsu.com/🎙️ Listen to my podcast: https://redcircle.com/shows/spencerhsubayarearealtor📸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 helped 64 families find homes in 2021 ($80MM in transactions) and have helped 48 as of halfway through 2022, which positions me as a Top 1% Realtor in the area.Looking forward to helping you! Spencer Hsu, MBA Tech Realtor Spencer@SpencerHsu.com 408-547-4590EXP Realty DRE #02077253https://www.homesbyspencerhsu.com/#BayAreaRealEstate​​ #TechRealtor