Mary Pope-Handy is a Realtor with Keller Williams in Los Gatos, Calif. She specializes in Silicon Valley areas and is well known for her real estate blogs on Los Gatos real estate. She will speak during Bloggers Connect at Real Estate Connect in San Francisco, July 23-25, 2008. Pope-Handy answered a set of questions posed by Inman News: What do you see happening in the real estate market in 2008? There is not one real estate market, but many local real estate markets. In some cases, it varies from ZIP code to ZIP code or even within a given ZIP code. In Northern California's Silicon Valley, the market is split between entry-level areas and markets, which are in an extremely strong buyer's market, and the luxury market areas, which are either not suffering at all or are not suffering nearly as much. Overall, though, prices are falling in many areas as inventory rises and fails to be well absorbed. Professionals in the real estate industry or in related fields are seeing ...
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