THANK YOU FOR YOUR SUPPORT
We wanted to thank all the readers for your support over the past few months as we gained some momentum to finally go live with our new Rainmaker Properties real estate blog and in helping improve our clients’ lives through buying, selling, and managing Silicon Valley real estate.
PRESS RELEASE:
COMMENT AND WIN A FREE BOOK:
As a token of our appreciation to our readers and in celebration of the new year, full of new goals and fresh beginnings, we will be giving away three copies of the great book by Lou Tice:
Smart Talk for Achieving Your Potential, 5 Steps to Get you From Here to There.
“In this readable book, Lou Tice teaches us how to progress in this very material world without succumbing to the prevailing ethic, which is, at best, pragmatic and, at worst, downright cannibalistic. Bravo!
- Warren Bennis, Distinguished Professor of Management, University of Southern California Marshall School of Business
To be eligible to receive a copy of this book, please submit a comment below with your own personal prediction on how the Silicon Valley real estate market will perform in 2009. On Friday, January 16th, we’ll randomly select the winners. Cousins full
P.S. A special thank you to Steve Leung and Integrated Marketing Experts for their help with the blog.
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January 9th, 2009 at 8:44 am
This blog is awesome! The content and design is valuable for anyone looking to buy or sell a house.
Anyways, for my 2009 prediction of housing market, I am hoping the latter half will see the start of people going into the market again. I already have friends that are starting to buy (first time) and friends who are starting to look for values. So I predict it will probably start to go up by latter part of the year. It really depends on jobs. I think Obama will do good for the country.
January 9th, 2009 at 10:48 am
Here are my thoughts on the 2009 real estate market.
I believe that the 2009 market will be a buyer’s market. Hopefully we are at the bottom of the economic curve. With new political leadership and possible changes in priorities, I see us on the slow climb to uphill success.
I also believe that houses will be bought and sold no matter what the economic condition. I would be willing to bet if someone did the research on the real estate market results you would see the same 20% top producers making it happen. These people create markets and opportunity. This will be the Rainmaker Team!
Off the topic. I recommend a good productivity/career book I recently read. It is called the “4-Hour Workweek”. There are some good concepts in this book.
http://www.amazon.com/4-Hour-Workweek-Escape-Live-Anywhere/dp/0307353133/ref=pd_bbs_1?ie=UTF8&s=books&qid=1231529491&sr=8-1
Eric Greenwood
January 9th, 2009 at 3:12 pm
I think the 2009 Silicon Valley real estate market will be stagnant. The stock market is down > 25% from a year ago. Dec 2008 unemployment numbers came in at 7.2%. Layoffs are happening at many bay area companies. Foreclosures and the recession…the bad news continues…
Even with interest rates at record lows and motivated sellers abound, it’s hard to imagine an increase in housing sales/values with all these economic uncertainties.
Are we at a market bottom? Will all these stimulus packages work? We’ll just have to wait and see….
January 10th, 2009 at 2:41 am
The 2009 Real Estate market is going to be strong amongst 1st time home buyers and also for the investor. Why not … it’s a great time to buy!! I believe that the people that have been diligently saving over the years to invest in real estate and haven’t been too badly affected by the economic disaster will be the sort of clients that I will be helping this year.
In 2008 we all saw the housing market blow up in front of our eyes. I have seen distress sales in areas where you wouldn’t think that it would happen, such as Willow Glen, Los Gatos and Saratoga. There have been so many factors that have lead up to the housing crisis; there isn’t a pocket in the Bay Area, regardless of how prestigious it is, that has not been adversely affected.
I believe that it is going to take some time for our economy to recover; it isn’t going to bounce back overnight. But, there are a lot of great deals out there, not to mention the falling interest rates. In addition there is the FHA that is offering tools to get 1st time home buyers in the market. And the great news is, is that more buyers buying up these homes is the ‘real’ solution that is needed to get our economy stimulated, which in turn will start helping put things back in order.
On the flip side, I believe that those folks that have been wanting to sell their current property to move up might reconsider. I have spoke to some potential sellers that will be waiting it out before they put their house on the market. They have told me that they aren’t that motivated quite yet. They want to get the best price for their home and don’t want to market their property in a time where there are so many bargain hunters.
2009 is going to be a very interesting year in real estate. I’m really looking forward to helping my buying clients find their perfect home for the best price.
January 10th, 2009 at 1:23 pm
2009 will be a tough year for the real estate market even in Silicon Valley. The lower end price range has already fallen in 2008 and will continue to fall due to a declining stock market, layoffs, and a general decline in people’s confidence.
The higher end of the market will also start to drop in price. Finally. The prices for properties in the premier cities are not sustainable and represent a bad value.
There will be some buyers as prices fall because homes do become more affordable. However, the idea that a home is an investment won’t return for quite a while. In fact, it is a rare cultural opinion historically.
I suggest people watch the interview of Robert Shiller on the Authors @ Google series.
January 16th, 2009 at 1:04 pm
The 2009 RE market will be different depending on where you are in the Bay Area. In the more inland areas prices are already down 50% or more and they would probably not fall much further. In the areas like San Mateo and San Francisco where prices are very high and have not fallen very much, there may be bigger dips since jumbo loans are harder to come by. Anyway, I expect 2009 to be another year where median prices will fall as a whole.
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