January 1, 2009

Predictions for 2009 – Real Estate Trends

If you’re like me, you’re glad that 2008 is over. Blah, what a year.

Unfortunately, the prognosis for 2009 isn’t all that great – but there is a silver lining.

Why home values may take decades to recover – USATODAY.com
National Association of Realtors chief economist Lawrence Yun predicts home prices will keep falling in 2009 but could return to their 2006 peak in three years, not counting inflation.

Let’s get through 2009, and then real estate prices will soar once again!

What are your predictions for 2009? Which cities will be included in the Real Bay Area? What will be the price per square foot this time next year?

Comments (55) -- Posted by: burbed @ 5:15 am