How is the Recent Economic Reports Affecting Danville, San Ramon, and Bay Area Real estate?

The recent economic reports have left many would be home buyers concerned and confused over the Danville and San Ramon real estate markets, and in fact the market for the entire Bay Area as well. In spite of the nationwide media reports we have actually seen prices increase year over year in most bay area cities and towns. And while raw sales numbers are down, prices have not been affected. We are seeing a significant number of short sales and the number of foreclosures are starting to creep up. In the following video I discuss the current economy and where I believe it is headed.