Home Prices on the Rise

Home prices expected to rise in the San Francisco-San Mateo-Redwood City metropolitan area

CNNMoney.com published an interesting article on September 15, 2010 entitled California housing prices on the rebound. The statistics they use mirror what I've found in many of the Peninsula cities in which I work, like San Carlos, Belmont, Menlo Park, Redwood City. The article gives an opinion of why home prices in this area are expected to rise, (and in some areas the rise is taking place now) and gives encouragement to other areas of the country.

In a nutshell, this is what's expected to happen here:

Real estate forecast: SF-San Mateo-Redwood City area

Here's their calculator where you can check your own area. Real Estate-Your Local Forecast

 

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Lottie Kendall, Realtor®

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Comment balloon 5 commentsLottie Kendall • September 17 2010 01:20AM

Comments

I see a forcast of an up turn but not an upturn yet, correct?

Posted by Elite Home Sales Team, A Tenacious and Skilled Real Estate Team (Elite Home Sales Team OC) over 9 years ago

Lottie, thank you so much for sharing your local market data. It is always very interesting to see how the market is behaving in other parts of the country. Cheers!

Posted by Tom Priester, Paradise Sharks (Paradise Sharks ) over 9 years ago

Hi Mark/Tim: The chart shows the forecast; the article talks about the current upturn. It's certainly area based and by no means all over, or even all over California. The San Francisco metropolitan area rose 14.3%. Numbers of sales are down, but prices have risen in many (not all) of our local cities.

Posted by Lottie Kendall, Helping make your real estate dreams a reality (Compass) over 9 years ago

Tom, glad you found it of interest. The article talks about the San Francisco area (of which San Mateo County is a part) but the forecaster has many different areas.

Posted by Lottie Kendall, Helping make your real estate dreams a reality (Compass) over 9 years ago

Lottie, always nice to hear good news, especially when it is backed by someone who knows what's truly happening in the market place.  Great post.

Posted by Mary Kay Hopkins, e-PRO,GRI,CRS (Mary Kay Hopkins, LLC e-PRO, GRI, CRS, CRB) over 9 years ago

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