|Tiburon / Belvedere
Question: What do low interest rates for the foreseeable future mean for Bay Area real estate?
Answer: It is a relief for buyers to hear that interest rates are holding for the time being. However, when buyers think rates could be on the verge of escalating, it does motivate them to purchase. Sellers are certainly relieved, comforted by the concept that money is relatively easy to come by and should continue to keep buyers motivated.
Conversely, when I first began my career in real estate, interest rates were 18 percent — a good reminder that it is important for those considering buying to take advantage of these current rates.
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