Bay Area Real Estate Market Update (May 15, 2020) - Spencer Hsu Tech Realtor

Every week I go over headline articles that can impact the market and share my thoughts. I also look into the data of the week in greater detail.

Fannie Mae and Freddie Mac extend Foreclosure and eviction freeze until end of June

https://www.housingwire.com/articles/fannie-mae-freddie-mac-hud-extend-foreclosure-and-eviction-freeze/

Borrowers in forbearance can defer all missed payments until the end of the loan

https://www.housingwire.com/articles/fannie-mae-freddie-mac-borrowers-in-forbearance-can-defer-all-missed-payments-until-the-end-of-their-loan/

Mortgage applications rise again

https://www.housingwire.com/articles/mortgage-applications-for-home-purchases-increase/

Home search rebound 54%

https://www.housingwire.com/articles/searches-for-homes-for-sale-rebound-54/

Twitter employees can work at home forever. What does this mean for HQ?

https://sf.curbed.com/2020/5/13/21256351/twitter-building-headquarters-work-home-employees-sf

1,000 employees here, for a company the size of 5,000

Buyer behavior changing: need for more private space due to kids at home and needing office space.

Appraisers are more conservative these days so be cautious of your down payment situation.

San Mateo County Data

https://docs.google.com/spreadsheets/d/1P5T3T4doU9vutLotcKnZ0WCZahU0nvKn1khR-QQsrTI/edit?usp=sharing

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Spencer Hsu, MBA

Tech Realtor

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EXP Realty DRE #02077253

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