Good news, bad news Bay Area outlook–fundamentals for ’11 are okay

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The Bay Citizen’s Jonathan Weber outlines what’s looking up, and what’s not for the San Francisco Bay Area in 2011. Housing, alas, ranks among the “bad news” bullet points. Weber writes: “Real estate has long been a huge driver of the California economy, but all signs suggest that a housing recovery is still years off. San Francisco and other highly attractive locales will bump along the bottom just fine, but those tract homes in Antioch are not going to be worth any more next year or the year after than they are today. With luck, they won’t be worth less.”

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Learn more about markets featured in this article: San Francisco, CA.

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