Bay Area Fundamentals Remain Strong

San Francisco remains one of the country’s strongest and most resilient economies. The entire Bay Area benefits from San Francisco’s economic vibrancy.

San Francisco’s commercial real estate sector is rated by Forbes magazine as one of the country’s strongest leading Forbes to rate San Francisco as one the top 5 cities likely to rebound quickly from the economic crisis. 

The Bay Area’s ports are an important part of the economic infrastructue of the area. Americans are buying more and more goods from Asia to save money. No wonder 3 of the five cities mentioned by Forbes are West Coast shipping hubs.

In October, the consumer price index took the biggest plunge in 61 years. Despite that, mortgage rates are inching higher.

MSN.Money had a recent article on 10 home-buying tips for uneasy times. The content of this article could apply to buying a home in any market. I think this is a case of writing a headline to grab eyeballs. The first two tips on the list??

1. Get Pre-Qualified for a Loan
2. Find a Good Agent

No community in the Bay Area made MSN.RealEstate’s list of the 10 cities most likely to suffer due to the economic crisis. When it comes to luxury foreclosures Southern California is leading the nation. The Bay Area has its share of luxury foreclosures, but there are luxury communities in Southern California that look like Antioch or Brentwood with all the foreclousre signs and brown yards.

Want to get a great house for $500K?

• Atlanta – 3200 s/f – 5 beds – 4.5 baths
• Charlotte – 3200 s/f – 4 beds – 2 baths – 3/4 acre
• Denver – 3200 s/f – 3 beds – 2.5 baths
• Phoenix – 4500 s/f – 6 beds – 5.5 baths – 1/3 acre

How about $200K

• Atlanta – 1500 s/f – 3 beds – 2.5 baths
• Charlotte – 1300 s/f – 3 beds – 2 baths – condo
• Denver – 800 s/f – 1 bed – 1 bath – condo
• Phoenix – 1900 s/f – 3 beds – 2.5 baths

Get our FREE In-Depth Marekt reports – updated weekly, breaking data down by zip code and price point.

Contact Paul for more information on how foreclosures are impacting East Bay home prices (925) 963-4246