The Last Shoe to Drop?
May 12, 2008 by jeffandsteve
We have been commenting on the steep decline in U.S. consumer confidence. But our local real estate market on the south SF Peninsula is holding up nicely - why?
Ans: The local job market has been stable. As long as it remains so, local home buyers will continue to buy. Watch for layoff notices, if any, in the near future as a sign the local market may weaken.
Jeff Stricker
Great post !
Generally it is very intresting kind of investment, but I think that real estate is loosing it’s price too much.
I own a site with prices for Moscow real estate listings and from the begining of this year it wasn’t grew….
Anyway american real estate is more stabil in this case.