San Francisco, CA (Vocus/PRWEB) March 04, 2011
San Francisco real estate agent Tim Gullicksen of Zephyr Realty predicts that 2011 will be a great year for the real estate market and for first time home buyers in San Francisco. Gullicksen, a veteran of San Francisco real estate, explains that recent economic activity has indicated both optimistic long term and short term effects on the real estate market.
“2011 is set to become a great year for first time homebuyers to get into San Francisco real estate,” said Gullicksen, “The perception among prospective buyers seems to be that our economy has hit bottom and is now on a slow crawl upward. They did not want to buy if there was going to be further downward movement in the economy and home prices.”
Gullicksen now says financial gurus of all stripes are projecting economic growth. While the economic growth is not necessarily strong enough to lower unemployment figures, it is still upward growth nonetheless. According to Goldman Sachs, the United States can expect substantial acceleration in real GDP growth over the next two years to a 4% pace by early/mid-2012.
In the short term, Gullicksen states that economic activity should provide a foundation of confidence to would-be buyers that housing housing prices will not decrease any further. The anemic rate of growth should keep downward pressure on both interest rates and property prices. He adds that The Fed does not want to stifle the weak recovery, so they are not likely to increase rates anytime soon.
“This combination of some economic certainty with anxiety over the strength of the recover should provide a rational and reasonable real estate market in San Francisco,” said Gullicksen, “Prices are not going up and interest rates have nowhere to go but down, so now is a great time to get into the market.”
For more information about the 2011 Real Estate Market in San Francisco or any of Tim J Gullicksen’s services, call him at (415) 655-1588 or view him on the web at http://www.timgullicksensf.com.
About Tim J. Gullicksen
Tim J. Gullicksen of Zephyr Realty is a San Francisco real estate agent who specializes in a broad spectrum of San Francisco real estate property types from affordable units sold through the Mayor’s Office of Housing to multi-million dollar buildings and single family homes. Tim J. Gullicksen works with experienced and first time home buyers in San Francisco to find the right home.
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