The real estate market in the bay area is surviving the “credit crunch”. Specific areas continue to do well while other areas have slowed. The areas doing best are the more affluent locations which appear to be unaffected by mortgage defaults and foreclosures. The available buyers for the less desirable locations have declined significantly due to the less flexible lending guidelines. If you see an abundance of “for sale” signs in your specific neighborhood, it is probable that the value of your home will decline. Regardless of the location, buyers are now capable of being more selective…
Rob Pastega