Just wanted to pass along some insightful reader comments in response to Ken Rosen’s theories on where interest rates are heading:
“I don’t necessarily disagree, but what did he say about the length of time we can expect rates to stay this low, and what happens when they start to rise? As an economist, he should be pointing out that there is a balance; and that prices will react (decrease) if interest rates are increased. Continue Reading
The low interest rates we’re currently enjoying will be higher by the middle of 2010, according to economist Ken Rosen. I attended yesterday’s First Republic holiday luncheon in San Francisco, where Rosen presented his thoughts on the state of the current residential real estate market. Continue Reading
I attended a luncheon yesterday at which economist Ken Rosen spoke. Surprisingly, he was pretty positive about San Francisco real estate. Of course, by “positive,” I mean he stated that we’ll probably be seeing a challenging market through 2009, but that things will start recovering in 2010.
His message? View real estate in San Francisco like you would a long-term investment. If you are planning to purchase property and retain it for five to ten years, Rosen thinks that now is a good time to get into the market. Compared to the rest of the country, he believe San Francisco is doing pretty well due to the stronger job market. It seems that the tech world is doing us a lot of good.
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