2008 Real Estate Forecast for the East Bay of California
The East Bay real estate market has many micro-markets. We will post separate forecasts on some of the I-680 corridor communities over the next few days.
In general, we can say that the forecast for real estate in 2008 is going to be relatively flat. Short-term flippers and investors have left the market. The investors now entering the market are those wanting to snatch up foreclosures and short sales. Investors will have to hold on to these properties for 12 to 18 months which will have an impact on the rental market.
Here is our short 2008 Real Estate Forecast presentation.
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Jan 1 2008 9am Pacific Time
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[...] I have just posted our 2008 Real Estate Forecast for California’s East Bay over on our site. [...]
[...] A recent article in the Wall Street Journal backs up what we have been saying since the end of last year – the housing crisis will bottom out in the first half of 2008 and the second half of the year will see more stable prices and higher than normal sales activity. [...]