So I’m on a roll with the good real estate news. I just read an article that said:
“We need to be shouting from the rooftops that this is not the time to get out of the market if you’re young,” says Christine Fahlund, a senior financial planner with T. Rowe Price. “This is the time to be in the market.”
Why such strong sentiment?
Well, with mortgage rates at historical lows, prices at (or near) the bottom, San Francisco real estate is looking pretty gosh-darned good. Combine that with some sweet statistics:
A study by investment company T. Rowe Price points out that investing when prices are low can result in amazing gains. For instance, between 1970 and 1990, the annualized rate of return for the S&P 500 was 11.5 percent.
And it really does sound like NOW is the time for San Francisco home buyers to get off that proverbial fence and go and buy something.