Bay Area Market Update September 24, 2022 | FED Hikes Rates to Highest Level Since 2008

The central bank took its federal funds to the highest it has been since early 2008, following the third consecutive 0.75 percentage point move. Is the fed’s Jay Powell’s attempt to fight inflation ‘too little, too late’? Meanwhile, the Bay Area biotech market has landed one of its largest deals to date. Countless developments throughout the Bay Area market continue to expand their reach.Plus, Compass announces another round of layoffs in midst of the housing market slowdown. Will we be seeing more layoffs throughout the Bay Area as the market continues to shift?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’01:36 Fed Raises Rates by Another Three-Quarters of a Percentage Point, Pledges More Hikes to Fight Inflation08:09 Salesforce’s Marc Benioff, Keeps a Low Profile on the Crisis Facing Downtown11:34 Google Revamps Historic Building in Downtown San Jose Transit Village12:26 Big Transit-Oriented Complex Pushes Ahead in South San Francisco14:40 Bay Area Biotech Boom Nets Nearly $400 Million Across Trio of Life Sciences Deals15:42 Zynga Announces HQ Move to San Mateo Amid Shift to Hybrid Workplace16:32 Stanford University Unit Grabs Big Bay Area Apartment Complex19:55 Choice Sunnyvale Site is Grabbed by Veteran Bay Area Developer21:37 Tech Workers at Compass Laid Off Due to Housing Market Slowdown — WEEKLY HIGHLIGHT —Fed Raises Rates by Another Three-Quarters of a Percentage Point, Pledges More Hikes to Fight InflationSalesforce’s Marc Benioff, Long a Champion of San Francisco, Keeps a Low Profile on the Crisis Facing Downtown Google Revamps Historic Building in Downtown San Jose Transit VillageBig Transit-Oriented Complex Pushes Ahead in South San FranciscoBay Area Biotech Boom Nets Nearly $400 Million Across Trio of Life Sciences DealsZynga Announces HQ Move to San Mateo Amid Shift to Hybrid WorkplaceStanford University Unit Grabs Big Bay Area Apartment ComplexChoice Sunnyvale Site is Grabbed by Veteran Bay Area DeveloperTech Workers at Compass Laid Off Due to Housing Market Slowdown—🌍 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