The GOLDMAN REPORT- Weekly market Update
The Goldman Report Blog and The Goldman Report is a weekly update and BLOG from the President of Pacific Union Real Estate on BAY AREA and North Counties MARKET CONDITIONS of homes, condos, and investment properties.
These links provide interesting and valuable information on real estate news along with specific sales, Bay Area market statistics, and real estate activity on SAN FRANCISCO, MARIN, CONTRA COSTA, ALAMEDA, NAPA, and SONOMA counties.
San Francisco Market Meltdown??
What is going on with the San Francisco Real Estate market?
“Market Meltdown” or “Wizard of Oz”
Recent headlines read “Grim forecast for economy and housing.” Inset with another smaller headline “Best in 5 months-Payrolls add 166,000 jobs in October”. Talk about schizophrenic reporting.
Many of us in San Francisco are confused by these contradictory headlines. We ask, “What is the truth…Is the San Francisco housing market really in trouble?” For me, I wonder if some of the pompous media protagonists of “doom and gloom” have been hanging out with Dorothy of “Wizard of Oz” fame somewhere in Kansas. Perhaps they don’t even live in San Francisco. Perhaps they are confusing our real estate market with the subdivisions of Iowa? To these columnists, I say, “But Dorothy…San Francisco is a LONG ways from Kansas.”
Let’s face it. The San Francisco market has its ups and downs. But long term, San Francisco real estate still out performs most other commodities for the best return on investment. The San Francisco market has survived fires, earthquakes, recessions, depressions, dot.com bombs and inflationary times. We have survived mayors, supervisors, and the rent board. If you doubt our ability to withstand the present market conditions then ask yourself, “What did I pay for my property? Then ask yourself, “What is my property worth now?” And if you don’t know, then pick up the phone and call me. I can provide you an experienced, comprehensive analysis of all your real estate options!
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