hero image
Kenneth Rosen - Haas School of Business, University of California, Berkeley. Berkeley, CA, US

Kenneth Rosen Kenneth Rosen

Chair, Fisher Center for Real Estate and Urban Economics | Professor Emeritus | Haas School of Business, University of California, Berkeley


Areas of Expertise (9)

Commercial Real Estate Market Natural Vacancy Rate Mortgage Market Real Estate Housing Market Economics Econometric Forecasting Model Price Adjustments in Real Estate Markets Rental Housing and Rent Control


Ken Rosen is chairman of the Berkeley Haas Fisher Center for Real Estate and Urban Economics; and Professor Emeritus at Berkeley Haas. He is also chairman of Rosen Consulting Group, a real estate market research firm; a former trustee of the Urban Land Institute; and a member of the advisory boards of several nonprofit and for-profit entities that deal with real estate finance and development. He has authored over 100 articles and four books on real estate and real estate finance.

He was formerly the chairman and founder of Rosen Real Estate Securities LLC (RRES), and chairman, founder, and portfolio manager of Lend Lease Rosen Securities, both REIT money management firms. In addition, Rosen served as the special real estate adviser to the Davos World Economic Forum, and he was Consultant/Managing Director of Salomon Brothers' Real Estate Research Department from 1985 to 1990.

Rosen received his PhD in Economics from the Massachusetts Institute of Technology, and a BA with highest honors from the University of Connecticut in 1970. He was a professor of Economics at Princeton University.

Education (2)

Massachusetts Institute of Technology: PhD, Economics

University of Connecticut: BA, Economics

Honors & Awards (9)

Graaskamp Award

PREA 2003

Koret Foundation Fellow for Study in Israel


Earl F. Cheit Award for Excellence in Teaching, MBA Program


National Science Foundation Fellow


Woodrow Wilson Fellow in Economics


Departmental Honors Fellow in Economics


Phi Beta Kappa, Phi Beta Phi, Lambda Alpha

Honor Societies

Elected Treasurer and Executive Committee Member

Board of Governors, University of Connecticut

Elected to Archons

Society of Outstanding Student Leaders

Selected External Service & Affiliations (4)

  • Current affiliations within Haas or UC Berkeley: Chairman, Fisher Center for Real Estate and Urban Economics; Fisher Center for Real Estate Grants Committee
  • Member: American Economics Association; American Real Estate and Urban Economics Association; Urban Land Institute Trustee; Real Estate Roundtable; Real Estate Forum; PREA
  • Referee: American Economic Review; JMCB, Journal of Finance; Journal of Financial and Quantitative Analysis; Journal of Law and Economics; Journal of Urban Economics; Journal of Urban and Real Estate Economics; JPE; Land Economics; National Science Foundation
  • Prior Board Service: Avitar Holdings, Inc.; Board of Trustees of the Urban Land Institute (nonprofit); Golden West Financial Corporation; National Association of Business Economics – San Francisco Chapter (nonprofit); PMI Mortgage Insurance Co.; National Association of Real Estate Trusts – Investor Advisory Council (nonprofit); Bentley School (nonprofit); Chairman of UCSF Real Estate Advisory Board (nonprofit)

Positions Held (1)

At Haas since 1979

1981 – 2005, Professor, Haas School of Business
1978 – 1981, Associate Professor, Haas School of Business
1975 – 1978, Assistant Professor of Economics and Public Affairs, Princeton University
1974, Assistant Professor of Economics, Boston University.
1972 – 1975, Research Associate, Joint Center for Urban Studies of MIT and Harvard University
1971, International Economic Intern, United States Treasury Department
1970 – 1971, Special Assistant to the Director of Research and Program Information, Connecticut Department of Community Affairs
1969 – 1970, Economic Analyst, Connecticut Department of Community Affairs
1968 – 1969, Research Assistant, Professor George France, University of Connecticut

Media Appearances (9)

Experts warn next recession around the corner

Real Estate Weekly  online


Kenneth Rosen, Chair of the Fisher Center for Real Estate and Urban Economics, warned of a likely slowdown in 2019 before an inevitable recession in 2020 or, at the latest, 2021.

view more

Real estate experts: Time to move to cash and prepare for next recession

San Francisco Business Times  online


The San Francisco Bay Area could be especially hard hit in the next recession, said Kenneth Rosen Chair, Fisher Center for Real Estate and Urban Economics. The region has enjoyed a flood of money pouring in to finance startups, but it's also fueling higher prices on stocks and houses.

view more

Apple becomes first trillion-dollar US company

San Francisco Chronicle  online


Two decades ago, Apple was hurting. Then co-founder Steve Jobs returned and under his leadership, Apple began its turnaround with the iMac, iPod, iPhone and iPad. “These devices, they’re the linchpin” of the economy, said Ken Rosen, chair of the Fisher Center for Real Estate & Urban Economics at Berkeley Haas.

view more

U.S. economy's recovery is now officially the second-longest since 1785. Can it last much longer?

SF Business Times  online


Ken Rosen, chair of the Fisher Center for Real Estate and Urban Economics at Berkeley Haas, predicts the economy will likely slide into a recession around 2020. "The biggest risk for the Bay Area is the hyperinflation in housing costs. We are in a bubble," Rosen said. "People won’t be able to move here. The more house prices go up and the more rents go up, the harder the fall is going to be. We’re setting ourselves up for a correction."

view more

California Today: The Tax Bill’s ‘Spiraling Consequences’

New York Times  online


“These things have big consequences,” said Ken Rosen, chairman of the Fisher Center for Real Estate and Urban Economics at Berkeley’s Haas School of Business.

“It makes the decision of staying in California much more difficult,” Mr. Rosen said. “It’s already difficult, it’s already expensive. This adds one more negative.”

view more

The Never-Ending Foreclosure

The Atlantic  online


They have thought about trying to buy a home again—they’re spending much more on rent than they would like to—but after going through their ordeal, they’re very cautious. This, too, is not unusual. Going through a foreclosure often makes people less likely to want to be homeowners again. Ken Rosen, the chair of the Fisher Center for Real Estate and Urban Economics at Berkeley, calls this “post-foreclosure stress syndrome.”

view more

California Today: Jerry Brown’s China Ace Card

New York Times  online


There is good news and bad news for California homeowners, says Ken Rosen, chairman of the Fisher Center for Real Estate and Urban Economics at Berkeley’s Haas School of Business.

Home prices, he predicts as part of his annual forecast, are not due for a crash.

“I think we’re going to see a correction, but my best guess is we’ve got extra innings, a couple more years,” he said on the Haas website.

view more

"Red-hot housing market" missing one thing: Houses for sale

CBS News  online


“It’s almost a boom going on again in the housing market,” Ken Rosen of the Fisher Center for Real Estate and Urban Economics says. He believes this boom won’t lead to a bubble.

“It’s red-hot housing market, but remember it’s bouncing off of a 30-year low in home-ownership rates that we had in 2016 -- so a lot of people have delayed buying,” Rosen says.

view more

Fix Housing, Fix The Economy? How The Homeownership Crunch Cost The U.S. $300B Last Year

Forbes  online


“The implications of this stunning decline in homeownership are far reaching. Ongoing weakness in the for-sale housing market not only undermines the ability of middle class households to accumulate wealth, but also represents a substantial hurdle for the recovering economy,” note the authors, led by Kenneth Rosen, head of RCG and the Fisher Center for Real Estate and Urban Economics at University of California, Berkeley. “Bolstering homeownership in a safe and sound way is therefore not just about helping households to secure greater financial stability, but may in fact be the single most important key to returning the United States to a path of robust economic growth.”

view more

Selected Papers & Publications (9)

The Case for Preserving Costa-Hawkins: How Rent Control Reduces Property Values, Hurts Small Businesses and Limits State and Local Tax Revenue Working Paper

Kenneth T. Rosen


view more

The Case for Preserving Costa-Hawkins: Three Ways Rent Control Reduces the Supply of Rental Housing Working Paper

Kenneth T. Rosen


view more

The Case for Preserving Costa-Hawkins: Who Really Benefits from Rent Control? Working Paper

Kenneth T. Rosen


view more

The Case for Preserving Costa-Hawkins - The Potential Impacts of Rent Control on Single Family Homes Working Paper

Kenneth T. Rosen


view more

Rebuilding the American Dream: Strategies to Sustainably Increase Homeownership Working Paper

Kenneth T. Rosen, David Bank, Avani Patel, Brett Fawley, Heather Belfor, Adam Eckstein and Anisha Gade


view more

The US Housing, Mortgage and Commercial Real Estate Markets Policy and Reform Proposals Testimony Before the U.S. Financial Crisis Inquiry Commission

Kenneth T. Rosen

January 2010

view more

The Housing and Mortgage Market Problem: A Set of Policy Options Policy Paper presented to the Obama Treasury Transition Team

Kenneth T. Rosen

Washington D.C.
January, 2009

Anatomy of the Housing Market Boom and Correction Wharton Real Estate Review

Kenneth T. Rosen

Zell/Lurie Real Estate Center at Wharton

view more

Shopping the City: Real Estate Finance and Urban Retail Development Brookings Institution Center on Urban and Metropolitan Policy

K. Rosen, G. Kim and A. Patel


view more