Thursday, May 10, 2007
Bay Area Trends by WaMu
Kari Noomen, goddess of multi-family lending in the Bay Area, held her bi-annual investors forum this evening. The talk in San Mateo was about rent growth, cap rate growth (slightly) and strength in the diversity of the market. Still odd phenomena with an inverted yield curve, although most people are not talking about that being a precursor to the R word anymore. This is a wonderfully strong, and therefore expensive, market. Great place to own and slowly, over-time build equity. Definitely put the next forum on your social-business calendar for sometime in December.