The long term prognosis is significantly more bleak, at least for 2010, at least according to an Associated Press article released on October 7, 2009. The article, by Alex Veiga, stated that “Home sales in California are expected to dip next year, bucking the national trend, as unemployment and the loss of a tax incentive for homebuyers weigh on the country’s largest housing market, a forecast showed.” San Bruno home sales, as well as the rest of the Golden State, will face the following prognosis: “The California Association of Realtors’ 2010 housing market forecast calls for home sales to slow by 2.3 percent from a projected 540,000 homes this year to 527,000 next year.”

Another negative sign for real estate  in San Bruno and San Francisco at large was reported by a September 17, 2009 article in Reuters. The piece found that “Home sales in the San Francisco Bay area fell 14.3 percent in August from July as buyers found fewer bargains due to a slimmer inventory of foreclosed properties, MDA DataQuick said on Thursday.” According to an article from DQNews.com and TheStreet.com, “Bay Area home sales bucked the seasonal norm and fell last month from July, though they remained higher than a year ago for the 12th consecutive month. The region’s overall median sale price also declined as a greater portion of sales occurred in more affordable areas, a real estate information service reported.”

An article originally published by Reuters and published on the WKZO website noted much of the same sentiment. According to this piece, released on September 17, 2009, “Home sales in the San Francisco Bay area fell 14.3 percent in August from July as buyers found fewer bargains due to a slimmer inventory of foreclosed properties, MDA DataQuick said on Thursday.” The real estate reporting service stated that “A thinner inventory of distressed properties for sale, hence fewer ‘bargains’, helps explain the relatively sharp drop in sales between July and August. The number of foreclosed properties that resold in August fell 15.2 percent from July.”

Real estate in San Bruno and the rest of the Bay Area was in a more mixed state according to a September 17, 2009 article in the San Francisco Business Times, which found that “Bay Area home sales fell last month compared with July though year-over-year monthly sales increased for the 12th consecutive month.” San Bruno homes for sale were somewhat better off according to the same piece, which stated that “San Diego-based MDA DataQuick said the region’s overall median sale price dropped, as a greater portion of sales occurred in a more less expensive areas.”