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Market Predictions with Fannie Mae’s Chief Economist Douglas Duncan

2018 Housing Market Predictions

Thursday, November 2nd, 7-9 pm

Wouldn’t it be nice to have a magic 8 ball that will just tell you exactly what the housing market’s going to do in 2018? While we can’t give you that (although we would if we could), we think we’re doing it even better: we’re bringing in Fannie Mae Chief Economist Douglas Duncan for an enlightening evening that’s going to be all about the housing market today - and next year. It’s time to take the temperature of what’s going on in US real estate. What’s the current sentiment? Is it bullish? And is that sentiment backed by the data?

Douglas G. Duncan

About Douglas G. Duncan, Fannie Mae Chief Economist  

Named one of Bloomberg / BusinessWeek's 50 Most Powerful People in Real Estate, Duncan is Fannie Mae's source for information and analyses on the external business and economic environment, the implications of changes in economic environment to the company's strategy and execution, and forecasting for housing activity, demographics, overall economic activity, and mortgage market activity.  

You will learn: 

  • Declining Inventory: What’s the Impact? In July of this year, according to the National Association of Realtors (NAR), housing inventory declined for a 26th straight month on a year-over-year basis. Shrinking supply, in turn, is contributing to a sharp rise in housing costs. How will this impact your investments and your property?  
  • Rising Prices: What They Really Mean... July also marked the 65th straight month that prices have risen year-over-year. But it’s not just home-sale prices that are being affected. Rental prices are soaring as well, particularly in metropolitan areas on both coasts. That’s shrinking disposable income and imperiling growth, especially in California. How will this all play out?  
  • Overvalued Markets: Hype or Reality? Reports are showing that almost half of top US housing markets today are overvalued. "Buyer demand has been stronger so far in 2017 than last year, but the combination of low inventory and rising home prices is taking its toll heading into the fall," said Nela Richardson, chief economist at Redfin. "Sellers are still in control of the market, but their advantage is narrowing as buyers are becoming less willing or able to chase escalating prices." What does this mean for your property and your market? "Doug, a very well informed and popular speaker, will explore in detail why and what is happening in the economy. His gift is presenting information in a palatable way for the average person to consume." Find out Doug’s predictions for the single-family market in 2018, is a recession looming (and where), how millennial behavior could change the market, and much, much more. 

Join Us Thursday, November 2nd, 2017 from 7:00 PM to 9:00 PM

The Domain Hotel, Sunnyvale, CA

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* Seating is limited

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THE MEETING VENUE

The Domain Hotel

1085 E. El Camino Real

Sunnyvale, CA 94087

Phone: 408-247-0800

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