Dr. Mark Palim, Chief Economist shares “Awaiting Improvements in Affordability”

Join our most requested economist, Dr. Mark Palim, Deputy Chief Economist at Fannie Mae. Mark shares “Awaiting Improvements in Affordability”. A very Important meeting in this uncertain economy. Dr. Palim shares his insights on May 10th at NorCalREIA a ZOOM event.

This year is expected to manifest an ongoing correction in housing market affordability as we expect household incomes and housing costs to gradually approach a more sustainable relationship. We project that the combination of declining home prices, lower mortgage rates, and, with time, growing household incomes, will eventually place the housing market in a recovery. The same dynamic holds for rents. However, we believe this process is likely to take multiple years.

What Mark will discuss:
· The macroeconomic backdrop and outlook following recent banking turmoil.
· Expected credit conditions and how it affects the real estate market.
· Housing and real estate market conditions and outlook with a focus on California.
· Multifamily market conditions (including rent growth) and outlook with a focus on California.

About Mark:
Dr. Mark Palim is Vice President and Deputy Chief Economist at Fannie Mae. He oversees the teams responsible for Fannie Mae’s macroeconomic and housing forecasts and the National Housing Survey. His team has won the Lawrence R. Klein Award for Blue Chip Forecast Accuracy and, on two occasions, the NABE Outlook Award. In addition, Mark leads a team of economists who conduct in-depth research on issues affecting housing affordability, including the first work at the company on climate change. This research has informed Fannie Mae strategy and resulted in publications in peer-reviewed journals.

Zoom meetings are FREE to annual members and $35 per meeting for non-members. Annual membership request david@NorCalREIA.com

Register for May 10th @ http://www.NorCalREIA.com click on “Buy Now”

Annual members also receive access to Friday “LIVE” meetings. Next one is May 12th @ 7:00 AM “LIVE” in Sacramento. Join Laurel Sagen and myself, discussing the tools needed for investing in todays changing market. Subject to, IRA Investing, owner financing, rental income and more…

Friday May 12th is FREE for annual members networking & speaker event. Networking 7:00 -7:30 am Meeting 7:30- 9:00 am

“NEW” Annual members 4th Wednesday Coffee in Granite Bay, “where we create deals” event @ 8 am is FREE for annual members.

Annual membership (includes all three meetings) is $300 request a membership at david@NorCalREIA@com

Annual members will receive zoom registration link and LIVE meeting locations.