EXPERTS TO DISCUSS CALIFORNIA ' S REAL ESTATE BUBBLE AND DIGITAL DISRUPTION AT CHARITY EVENT BY THE NORRIS GROUP AARON NORRIS
“ Some California markets have blown through their past peak prices,” says Bruce Norris, President of The Norris Group and host of I Survived Real Estate.“ Distressed inventory has been replaced by sellers with equity, institutional buyers have moved on to greener pastures, and interest rates could start with a two in the year ahead. Our network is nervous and increasingly cautious.”
Norris says the US has never experienced such anemic GDP growth in combination with an unemployment rate so low. Real estate professionals are watching affordability numbers descend at a time when wage growth has stagnated, the political environment has people playing conservative, and even extremely qualified borrowers struggle to get financing. Add to that the fear that technology will displace many pieces of the real estate industry and it’ s no wonder industry professionals are concerned.
Norris has assembled a panel of real estate experts to address the current state of real estate and its implications for consumers and real estate professionals during his 9th annual“ I Survived Real Estate” charity gala on Friday, October 21, at the Nixon Presidential Library in Yorba Linda.
Other topics of discussion will include digital disruption in real estate, California buyer demographics, Millennial and Baby Boomer ownership trends, and the forecast for a postelection real estate market.
Expert panelists scheduled for this year’ s“ I Survived Real Estate” charity gala include:
• Nick Bailey, VP of Zillow
• Gary Acosta, CEO of National Hispanic Association of Realtors
• John Burn, John Burns Real Estate Consulting
• Doug Duncan, Chief Economist of Fannie Mae
• Sean O’ Toole, CEO of PropertyRadar. com
• Bruce Norris, President of The Norris Group
Proceeds from the Oct. 21st“ I Survived Real Estate” event will be donated to MakeAWish ® Orange County and the Inland Empire, and to St. Jude Children’ s Research Hospital. The event has raised over $ 600,000 for charity in the past eight years.