AGENT MLS HOME FINDER

Mission real estate is one of the luckier parts of the Golden State, because it is found within the metropolitan area of San Fransisco, which was lucky enough to avoid the most vicious ravages of the recent economic downturn and recession. The commercial, industrial, and especially residential sectors of real estate in San Francisco certainly felt some ramifications of the fall of the sub prime mortgage market as well as of a larger economic crisis, but not on the same scale as cities such as Las Vegas and Detroit. A number of experts believe that real estate in the Bay Area in general and by extension Mission is readying for a recovery, while others remain pessimistic about chances for a recovery.

According to the title of a NuWire Investor/Investor-Centric Blog article published on August 28, 2009, “…Fundamentals of the Housing Market are Ridiculously Strong.” The piece continues to state that “Dr. Steve Sjuggerud from Daily Wealth points out some keen insights about the fundamentals of the current housing market. He suggests that supply hasn’t been this low in a long time, and yet housing is very affordable. These are some of the reasons that real estate could be one of the best places to put your money right now.” An August 25, 2009 article in a more widely read publication, the Mercury News, reached a somewhat similar conclusion, stating that “Home prices in the San Fransisco region are rising but still down sharply from a year ago, according to a national report released Tuesday. According to the Standard and Poor’s/Case-Shiller 20 City Composite Home Price Index, home values in the San Fransisco metropolitan area gained 3.8 percent in June compared with the month before. It was the second-biggest rise among the 20 metro areas surveyed…”

Homes in Mission received even more good news from an August 25, 2009 article published online by ABC affiliate KGO, which found that “There are new signs of confidence in Bay Area real estate. Home prices here, and around the country, have now begun to rise from the depths of a three year slump.” The Santa Rosa Press-Democrat echoed this same sentiment, adding that it indicated the “highest level for the month in four years.”