The Housing Market in 2010

The collapse of the housing market is what triggered the current economic meltdown. Housing determines consumer confidence and bank behavior. Lack of consumer confidence reflects in a falling housing market, as the United States has been witness to. The present financial crisis is unlikely to improve till the housing market demonstrates a recovery. Where are housing prices headed, in this New Year? That is a question no one has an answer to. Broad economic indicators like price to rent and price to income ratios along with prevailing housing inventory all point to housing being far better placed than last year. But housing is still far from cheap. Worse, the foreclosure plan and first time homebuyer’s credit are due to expire during the current year. When that happens, there is every possibility of a negative impact on prices. It would hence be fair to assume that housing prices have not seen the bottom.

San Jose Housing

Despite the ups and downs of the economy, Dale Warfel, a real estate agent of many years standing has been buying and selling homes in San Jose and other surrounding neighborhoods. Dale Warfel knows the area intimately having worked in it for the last 13 years. He has established a reputation for reliability and integrity, which remains unshaken despite the vagaries of the uncertain housing climate. To buy or sell Bay Area real estate property, do contact Dale Warfel at 408.624.6202. His website www.dalewarfel.com is a fund of useful information for buyers and sellers.