Bay Area Real Estate News, Insights, Market Data, and Strategies | Spencer Hsu Real Estate14 Jan 2023

Bay Area Real Estate Update | Wells Fargo Leaves Housing?

Wells Fargo leaves housing? This Bay Area real estate update will update you on market news from the Bay and beyond, including why the #1 player in mortgages is stepping back from the housing market and why build-for-rent homes are thriving. Spencer will also examine why luxury home sales are dropping across the Bay Area, talk about Salesforce’s planned layoffs (more!) and whether they’re a sign of a recession, and share which Bay Area city recently was named the Happiest City in America.

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 —

2:54 Intro

4:02 Wells Fargo Steps Back from Housing Market

8:35 US Inflation Slowed for Sixth Straight Month in December

11:39 Build-for-rent is a bet on the "new normal" housing market

13:59 Luxury Home Sales Declining Fast Across the Bay Area

15:56 Salesforce discloses plans to ax more than 700 Bay Area tech workers

21:25 Outro

— WEEKLY HIGHLIGHT —

Wells Fargo, once the No. 1 Player in Mortgages, Is Stepping Back from the Housing Market

https://www.cnbc.com/2023/01/10/wells-fargo-once-the-no-1-player-in-mortgages-is-stepping-back-from-the-housing-market.html

US Inflation Slowed for the Sixth Straight Month in December

https://www.wsj.com/articles/us-inflation-december-2022-consumer-price-index-11673485441

Build-for-rent Is a Bet on the "New Normal" Housing Market - HousingWire

https://www.housingwire.com/articles/build-for-rent-housing-is-a-bet-on-the-new-normal/

Luxury Home Sales Across the Bay Area Are Declining—Fast

https://sfstandard.com/housing-development/luxury-home-sales-across-the-bay-area-are-declining-fast/

Salesforce Discloses Plans to Ax More than 700 Bay Area Tech Workers

https://www.siliconvalley.com/2023/01/10/salesforce-san-francisco-bay-area-tech-layoff-twitter-meta-facebook/

Are Tech Layoffs a Sign of Looming Bay Area Recession? Here's What Experts Say

https://www.sfchronicle.com/tech/article/bay-area-layoffs-economy-17709276.php

—

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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 helped 80+ in 2022, which positions me as a Top 1% Realtor in the US.

Looking forward to helping you!

Spencer Hsu, MBA, REALTOR

Spencer@SpencerHsu.com

408-547-4590

EXP Realty DRE #02077253

https://www.homesbyspencerhsu.com/

#BayAreaRealEstate

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