1-10-08  The stock market is clearly predicting a national recession later this year as most indices have had their worst drop to start a year ever.  What does this mean for local real estate, if anything?  Likely it will mean lower interest rates which will stimulate the local real estate market.  Watch the local Silicon Valley economy (currently very strong), and in particular hiring and layoffs, to determine if a national recession slows the local economy and real estate market.

Jeff Stricker