No apartment projects broke ground in the first half of 2023 in Silicon Valley. “It’s almost a perfect storm”, says Ken Rosen, in the Mercury News.
“The typical building has about half the number of people in it as they normally do.” Ken Rosen interviewed by NPR on working from home and its impact on small businesses.
Falling populations threaten the Bay Area, but Ken Rosen is optimistic, long-term. “The Bay Area, which was a magnet for the whole world, is no longer that magnet.”
Nancy Wallace on Silicon Valley Bank: ““This is a monumental failure of risk management on the part of both the bank and the regulators. Interest rate risk is basic banking 101.” Haas Newsroom.
Ken Rosen on the collapse of SVB: “There was a reason others didn’t do what they were doing.” Silicon Valley Business Journal.
Ken Rosen on SF in 2023: “I think it’s very possible that the value of the office building may be down 40% — that could have implications for property tax collection and force the city to cut services, which could have a spiraling effect.” SF Business Times.
Congratulations to the Berkeley-Haas team for placing second at the in the 2022 UT Austin National Real Estate Challenge. That’s five years in a row the team has made it to the final room!
“Most people didn’t cash in, but they felt better. The froth is gone, so now they feel worse.” Ken Rosen on falling home prices in SF, in Bloomberg.
“Save more, spend less….” Ken Rosen on tech layoffs and the broader Bay Area economy, SF Business Times.
Cal Team Wins the 33rd Annual NAIOP Real Estate Challenge Golden Shovel!
Berkeley-Haas team wins the UNC Development Challenge!
Ken Rosen predicts that inflation could hit 9% before easing, at the Real Estate & Economics Symposium, Charting 2022: Temporary Disruption or Permanent Transformation?
Amir Kermani’s research on how foreclosures are fueling America’s racial wealth gap, in Mother Jones and the Haas Newsroom.
The Berkeley-Haas team has won the 2021 UT Austin National Real Estate Challenge. This is Berkeley’s third win in four years!
“The markets aren’t priced for climate change, and the situation is dire.” Nancy Wallace on climate risk and fire.
Congratulations to Nancy Wallace for winning the Williamson Award, Berkeley-Haas’s highest faculty honor.
Unfair property tax assessments cost lower-income Americans billions, in the New York Times. Haas PhD Troup Howard’s work using the Fisher Center’s REFM Lab data is highlighted, on the racial disparities in assessments.