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Article: Economic Growth Could Hurt California Real Estate Industry, Analysts Warn.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- May 19, 2004
CopyrightCOPYRIGHT 2004 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Rick Jurgens, Contra Costa Times, Walnut Creek, Calif. Knight Ridder/Tribune Business News
May 19--SAN FRANCISCO -- The current surge in economic growth could pose a threat to some debt-laden homeowners and won't soon help owners of vacant office buildings, real estate investors and analysts warned Tuesday.
In an economy that now seems in "full recovery mode," property owners will benefit from job growth but suffer the from rising interest rates, said Kenneth Rosen, chairman of the Fisher Center for Real Estate and Urban Economics.
About 400 real estate professionals who gathered in a hotel ballroom for the Fisher Center's twice-a-year ...