What will 2010 Bring for East Bay Real Estate

The 2010 residential real estate market has the potential to be quite volitile, however, I expect that for the most part it will resemble Q4 2009. For Danville real estate, San Ramon real estate, and Alamo real estate we saw the market change dramatically over 2009 and end up with a sellers market for homes under $850,000, a buyers market for homes priced between $900,000 and $1,300,000; and a neutral market for the higher end homes. While I believe the projections in this video to be accurate, I also want to disclose that much can change if the policy makers decide to release large numbers of foreclosures to the market or if the Fed radically changes it’s policies and interest rates rise substantially. It is also uncertain how much the elimination First Time Home Buyer tax Credit in April will effect home sales.