Investor confidence is at an all-time high, but some investors paying ever-higher prices for commercial and residential properties may not be looking far enough ahead at some of the potential danger signs, said speakers at today’s RealShare Investment & Finance conference here. While panelists expect interest rates to remain low for the near term, they do believe rates will begin to rise within the next three to four years—and rise quickly when they do—which will greatly impact buyers at refinancing if they’re buying at high prices due to cheap debt.
“Apartment pricing makes me nervous because until income rises, apartment rents can’t rise,” said Richard K. Green, professor /director and chair at the USC Lusk Center for Real Estate.
Read more...Values, Interest Rates Concern Experts - Daily News Article - GlobeSt.com
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