Seattle-based Zillow, the leading real estate information marketplace and the University of Southern california Lusk Center for Real Estate will be hosting a half-day “Forum on california’ Housing Market: Navigating the Post-Bottom Landscape” on October 12th, 2012, at San Francisco’s Palace Hotel.
Many markets are again experiencing home value appreciation sparked by high demand but a low supply of homes. The Housing Forum will address such questions as: What are the sources of this situation, and how long will it last? What will come next? What should real estate professionals and consumers know about this "new" housing market?
"When it comes to today's housing market, it's a confusing time for professionals and consumers alike," said Zillow Chief Economist Stan Humphries. "The sheer size of California's real estate market, along with the fact that cities in the state were among the first to enter the housing recession, combine to make California a kind of bellwether for what to expect as other major housing markets begin to stabilize and recover. We're thrilled to host an esteemed group of national and California-based experts to discuss the state of the market and issues of particular relevance to California."
"With rising rents and historically low mortgage rates, owning a home appears to be very appealing," said Richard Green, Lusk Chair in Real Estate at USC. "But underwater borrowers are reluctant – or unable – to sell, tying up supply in a high-demand environment. We look forward to discussing the implications of these factors on the housing market."
Full details of the San Francisco event are below. Guests can register for this free forum here.
|Forum on California's Housing Market: Navigating the Post-Bottom Landscape|
|October 12, 8 a.m.-noon|
|2 New Montgomery St.|
|Keynote Speech by Carol Galante|
|Acting Federal Housing Administration Commissioner and Assistant Secretary for Housing|
|Top Housing Experts in Public and Private Sectors Will Debate and Discuss in Two Panels:|
|Is It a Good Time to Buy in California?: The Housing Market's New Normal|
|Moderated by Richard Green, Director of the USC Lusk Center for Real Estate|
Prop 13 in a Healing Housing Market
|Moderated by Colleen Edwards, Owner, EMC Creative|
This will be the second housing forum hosted by Zillow this year. The first, "America's Housing Crisis: Private-Sector Responses and Public Policy Innovation," was held in New York in April.
More information and updates about speakers can be found here.