2008 Q2 and Beyond

Yesterday, Silicon Valley Association of Realtors (SILVAR) held a market forecast presentation by CAR (California Association of Realtors) ‘s Deputy Chief Economist, Robert Kleinheinz, recommendations are as follows:

1. If your property has positive equity and you purchased on or before 2005,  sit back and don’t panic.

2. If you must sell, price to sell not to sit.

3. Find a home that meets needs and fits budgets -buy it.

4.Sell if you must and hold if you can.

5. Buyers should not expect bargains in most markets.

His slides presentation will be available on CAR’s website. If you are interested in finding out his analysis of Carlifornia’s housing market and forecast of 2008, please shoot me an email. (jchen@referralrealty.com)

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