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Old 06-19-2008, 09:24 AM
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Default Real Estate Prices
I have been trying to figure out where real estate prices are headed currently in the South Bay Area. Any thoughts on this for this next year and over the next two years?

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Old 06-19-2008, 01:02 PM
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Prices are going down, a lot. The medium house price in San Jose is down about 150K from last year. Sales are going up too, so I'd wait a couple months but buy soon before they might start peaking up again.

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Old 06-19-2008, 06:25 PM
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You got it, Rhymes with Orange. The best priced (mostly bank owned) properties are getting snatched up in 12 days or less. They are future priced, so they're gone if you're not watching close enough

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Old 06-20-2008, 05:52 PM
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Nobody knows where real estate prices are going, but I believe San Jose's median home price rose in the year 2007. Everyone is certainly blessed with an opinion though

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Old 06-20-2008, 11:07 PM
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I think u should check out some blogs. Here's my favourite! I like the guys attitude and I think hes absolutely right about this area and its real estate SF Bay Area Home Price and Mortgage Insanity Blog - Burbed.com

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Old 06-20-2008, 11:25 PM
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Quote:
Originally Posted by busymomof4 View Post
I have been trying to figure out where real estate prices are headed currently in the South Bay Area. Any thoughts on this for this next year and over the next two years?
I think i just read in the Santa Cruz Sentinel that the average price of a home in Santa Cruz county has decreased by 51K in just one month.
Don't quote me but i'm pretty sure i read that correctly.

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