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
Don't Miss Out On Pre-Event Ticket Pricing, Register Today!
The purpose of SJREI is to provide education and networking opportunities for real estate investors in order to allow investors to make informed decisions. SJREI makes no endorsement, warranty or guaranty of any kind whatsoever with respect to the opinions, information, services or products mentioned or promoted by any of the speakers, presenters or sponsors at SJREI programs or events. Members, attendees and participants are expected to do their own individual due diligence before making any investment decisions, and are strongly encouraged to consult with their own legal and tax professionals. Neither SJREI nor its principals, employees, agents or volunteers are liable for any claims of damages or losses, direct or indirect, arising from any transactions of any kind involving members, attendees or any participant of a SJREI program or event.