2011 Economic Forecast

I was able to attend the “2011 Comerica Bank Economic Forecast Conference“, to try to get a glimpse into the future and see what’s in store for homes in the bay area as well the US economy as a whole.

Panelists were invited to discuss their own views on the US economy and make their predictions, but both had surprisingly similar expectations for what’s to come in 2011.  Here’s the short version of the 4 hour conference:

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Is it a good time to buy a home in the bay area?

If I had a nickel everytime someone asked me this question …

Most Realtors will tell buyers that now is the absolute best time to buy, then turn around and tell sellers that now is the absolute best time to sell.  

I will tell you that at this point, no one knows what the short-term future holds, and anyone who tells you different is likely to have a bridge to sell you 😉

Here is the reality of today’s real estate market: