The center region of the bay area will hold its value longer while the outskirts will drop earlier. Basically people will "move up" when there is an opportunity

The center region of the bay area will hold its value longer while the outskirts will drop earlier. Basically people will "move up" when there is an opportunity to be closer to their job. Remember not all people will lose jobs during this downturn so some will take it as an opportunity to buy. If nothing else the bay area has great weather to offer.