Yes, home prices will continue to fall, spending will shrink and rents will rise. But! A new report calls the San Francisco metro area the strongest economy in the state "at the moment." Ah, yes, compared with the rest of California's beaten-down economy, where the recession has hit faster and harder than in most of the nation, we're doing just fine. That addendum should help you brace for these dismal stats, projected for the next two years: home prices down a quarter, taxable sales down 10 percent and rents continuing on their upward climb. Sorry, renters (nearly two-thirds of SF residents), but it's a landlords' market -- at least "at the moment." [SF Gate]
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