In the following CNN Money.com article the author predicts, in spite of the increase in sales prices and sales for 2009, thatDanville, Alamo, andSan Ramon real estate prices will experience a decline during 2010 with an increase in 2011. The article points to the enormous number of potential foreclosures, the elimination of the feds policy on trading Mortgage Backed Securities, and the expiration of the First Time Home Buyer Tax Credit as reasons that there will be fewer buyers and more inventory in 2010.
Note: If you are someone considering selling your home, this article will be very important to you. if the author is correct, then you have a small window to get your home sold during the first quarter of 2010.
Forecasting housing prices for 2010 – Dec. 9, 2009.
