Will the Bay Area economy remain strong in 2017? What’s in store for commercial and residential real estate? How will Trump’s election affect our region?

The ‘Bay Area’ Defined

What is the Bay Area exactly? Which housing markets are included in this forecast? For reporting purposes, we are using the “textbook” definition of the San Francisco Bay Area, which includes nine counties and more than 100 municipalities.

Counties: The Bay Area comprises nine counties including: Alameda, Contra Costa, Marin, Napa, San Francisco, San Mateo, Santa Clara, Solano, and Sonoma.

Cities: There are too many cities within the Bay Area to list here. The region covers more than one hundred cities and towns and is home to over 7 million residents. Major cities include Berkely, Concord, Fremont, Hayward, Napa, Oakland, San Francisco, San Jose, Santa Rosa, Sonoma and Sunnyvale.

Due to the size and diversity of this region, it can be difficult to issue a single housing market forecast for the entire Bay Area. So we are taking a “divide and conquer” approach. Below, we have compiled some forecasts and commentary for the Bay Area as a whole. We are also creating individual housing market forecasts for key cities in the region.

Ken Rosen is the chair of UC Berkeley’s Fisher Center for Real Estate and Urban Economics and the Haas Real Estate Group. He has a track record of accurately predicting the end to Bay Area booms. Before the 2000 dot-com bust and the 2008 financial crisis, he forcasted downturns. Earlier this year, he predicted a correction in the Bay Area tech sector is on the way.