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Marin County Real Estate: Long Term Forecast
Longer Term Outlook for Home Prices Marin County CA :
The economic maelstrom we are navigating is more than just a recession. Recessions occur regularly, and in fact are important part of the economic health of any economy. Our economy is going through is a shift of greater proportion & meaning: the greater post-war, high-growth ‘secular' boom cycle that culminated in the Great Bull Markets in stocks and housing is over.
Moving forward, GDP growth will slow to below trend for an extended period, and unemployment rates will average higher. There won't be as much compensation trickling down through the system to the lower income components of our economy-leading to an increase in crime and drug use around urban centers. Successful families will cluster to safer neighborhoods close to key job markets-- the ultimate "flight to quality", and demand for Marin County homes will benefit from this trend.
Prices in Marin will stabilize and remain at these inflation-adjusted levels for the 3-5 years. Real Estate prices in other parts of the country with sub-par job markets may continue to slowly erode thru this period.
Valuations:Residential Real Estate relies on flawed valuation models. The mantra is that homes "are only worth ... more

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