Article source: http://sf.curbed.com/archives/2013/03/08/class_is_now_in_session_open_thread_for_real_estate_questions.php

Tim J. Gullicksen is a San Francisco Real Estate Agent at Zephyr Realty.

If this is a bubble, then it cannot last. One sector of the local economy (high tech) may be doing well, but the national and international forecasts are more gloomy

San Francisco, CA (PRWEB) June 05, 2012

Tim Gullicksen of Zephyr Realty, a San Francisco real estate agent, is announcing that the high prices of real estate properties throughout the San Francisco Bay Area may only be another “bubble” that will soon go down in this current economic state.

“If this is a bubble, then it cannot last. One sector of the local economy (high tech) may be doing well, but the national and international forecasts are more gloomy. At best, the recovery is going achingly slow and unemployment remains high. At worst, we could have a world-wide double dip to our great recession,” Gullicksen said. “So can the vast increases in sales prices for homes in these highly desirable real estate markets really stay up there in the stratosphere? No one knows for sure, but my money is on ‘not likely.’”

From data and analysis of the current real estate market, this potential bubble is a combination of the Facebook initial public offering, historically low interest rates, the most anemic inventory of homes for sale in memory and the collective realization by the market that real estate values aren’t going any lower.

“When you combine economic confidence with a lot of buyers competing for very few listings, you have a recipe for sky-rocketing prices” Gullicksen said.

Properties are selling for 10 to 20 percent above what the recent comparables justify and often receive multiple offers; however, there is no economic recovery underpinning this massive and sudden increases in value.

For more information about Tim Gullicksen of Zephyr Realty, call 415-655-1588, view him on the Web at http://www.timgullicksen.com or visit 2523 California St. in San Francisco.

About Tim Gullicksen of Zephyr Realty

Tim 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. Gullicksen works with experienced and first-time home buyers in San Francisco to find them the right home.

For more than 30 years, Zephyr Realty has been one of the most respected real estate firms in San Francisco. Its reputation as a highly professional and effective group of agents is recognized by both clients and the entire real estate community. As the most successful independent real estate firm serving San Francisco, with more than $1 billion in gross sales annually, its real estate agents understand the San Francisco market like no one else.

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Article source: http://www.prweb.com/releases/real-estate/san-francisco/prweb9573062.htm

San Francisco, CA (PRWEB) December 23, 2011

The fourth quarter of 2011 is seeing a rising trend in the San Francisco rental market, and Zephyr Realty agent Tim Gullicksen, one of the firm’s top real estate agents, advises would-be renters and others looking for space in the Bay Area that purchasing property now is a viable alternative.

“Rents are soaring and vacancy rates are shrinking, making the rental market in San Francisco more brutal and competitive than ever. The spillover effect has driven many would-be renters into the purchase market,” Gullicksen said. “So far this has not resulted in increased housing prices, but if this pressure on the sales market is sustained then it will inevitably lead to increased purchase prices.”

This spike in the rental market is largely due to the influx of highly paid high-tech and bio-tech workers employed in the area by gigantic corporations, such as Google, Apple and Genentech, which have started running private shuttles from San Francisco to their offices. The decreasing supply of available rental spaces has caused rents to rocket, leaving some people opting to buy homes instead.

At the moment, purchasing real estate in San Francisco presents both a practical and secure option for even a first-time home buyer.

“Interest rates on 30-year fixed loans are still at a historic low, and with FHA loans allowing buyers to put as little as 3.5 percent down, the time has never been better to get into the real estate market,” Gullicksen said.

To learn more about housing trends in the Bay Area or to seek advice from a top-rate realtor who has a concrete understanding of the area, call Tim Gullicksen at 415-674-6500, view him on the web at www.timgullicksen.com, or contact him personally at Zephyr Real Estate’s Pacific Heights Office at 2523 California St., San Francisco, CA 94115.

About Zephyr Realty

Zephyr Realty has been one of San Francisco’s best real estate firms for more than 30 years. It is the largest and most successful independent real estate firm, and its longevity has equipped Zephyr Realty with an in-depth knowledge of the San Francisco market. Zephyr Real Estate features real estate experts and more than 200 reliable agents working in six neighborhood locations.

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For the original version on PRWeb visit: www.prweb.com/releases/prwebreal-estate/san-francisco/prweb9062305.htm

Article source: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/12/23/prweb9062305.DTL