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 “ Distressed inventory has been replaced by sellers with equity , institutional buyers have moved on to greener pastures , and interest rates could start with a two in the year ahead .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 .