Bay Area tech layoffs hit 20K

More than 20,000 workers in the tech sector have lost their jobs in the past 6-8 months, and you more than likely know someone who’s been affected. According to a Mercury News report, open listings are down as much as 53% from pre-pandemic times for software positions and 37% for IT roles. But while some tech giants are downsizing, they’re still bigger than they were before COVID.

San Francisco’s “Tech-xit”

According to Compass market analysis, for the first time in a decade, median home prices in San Francisco fell by 1% from a booming 2021 to a cooling 2022 and came to rest at $1.78 million. Oddly enough, single-family homes are doing twice as well as condos, with more than 60% of sales closing over asking price. Recent tech layoffs certainly won’t help the condo market in months ahead. But it’s yet to be seen how big of an impact the “Tech-xit” will have.

Geek's Number Talk: Bay Area Market Factors

The factors at play when it comes to buying and selling a home can be overwhelming for even the most seasoned real estate professional. And that’s before you consider factors specific to the Bay Area market, which run the gamut from the ebb and flow of the tech industry to federal immigration policy.

Chic vs. Geek: Home Tech

The 2020 Consumer Electronics Show introduced new and improved technology that will make living in a home much easier and efficient. What’s your take on home tech-onomics?

CHIC (PEARL)

The future of smart homes is exciting! There will be around 31 billion devices connected to the internet by 2020, and that number is supposed to grow to 75.4 billion by 2025. One of my favorite devices is a floor cleaner that performs basic home surveillance at the same time!

GEEK (KEVIN)

The idea of a smart home sounds very attractive. But it’s also smart – and in my opinion necessary – to understand the basics of what you’re getting into, and prepare for any risk involved. What risk? Well, if hackers can break into Equifax, they can crack your home network!