Jim Walberg; east bay real estate

2010 East Bay Real Estate Update: Challenges Facing $1 Million+ Buyer/Sellers

As you have discovered over the years, Jim Walberg is one of the most positive people around.  So, this report is not about positive or negative, it is about reality.  There are still some significant hurdles for Buyers and Sellers to climb over in 2010 in the East Bay real estate markets.  The past two years the biggest price corrections have been focused on the under $1 million price ranges.  The “sweet spot” of our real estate micro-markets has been in the $500,000 to $700,000 price range.  Mortgage companies and the Federal government have designed most of their home loans to motivate sales below $700,000 – at least until the end of April.  At that time the focus will then be under $600,000.  The biggest challenge for Sellers and Buyers of East Bay real estate is still in the price point above $1 million. Read more