Earlier this year The Napa Register held an economic summit. Although there were some positive signs, most agreed that overall conditions were worse since the previous one summit held approx 6 months earlier. Attendees included local business people, real estate agents, lenders and others in the wine industry.

In summary the wine industry ended 2009 on a positive note. However other news was not as positive. The number of Napa Homes for Sale show the Napa Real Estate market is still soft. Foreclosures and falling home prices have spread through middle class neighborhoods. New home construction is at a stand still.  Since lenders are still reluctant to lend, there most likely will not be a significant improvement this year.  

Although most attending agree that the worst is probably behind, no one looks for a quick recovery.

You can read more about the Napa Economic Summit.

If you are looking for a Napa Home for Sale, contact one of the local Napa Real Estate Experts who help sponsor this website.