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Virtual Real Estate Forecast Summit: What to Expect in 2021

NAR’s Real Estate Forecast Summit goes virtual this year – but you must register. Seven sessions (Dec. 10, 11 a.m.-3 p.m.) will provide an overview of the year ahead.

WASHINGTON – Where does the real estate market go from here?

To plan for market changes, you must first know they’re coming. The National Association of Realtors®’ (NAR) Real Estate Forecast Summit scheduled as a virtual meeting this year takes place on Dec. 10, from 11 a.m. to 3 p.m. Eastern Time.

During the summit, economists and industry insiders will share their housing forecasts, post-election insights and demographic observations. Registration is free. The four-hour summit will feature seven sessions broadcast live via Zoom.

The sessions will center around the economic challenges and opportunities that lie ahead, such as record low mortgage rates and possible tax hikes under a new presidential administration. One session will focus on policies at the federal and state level that may help commercial real estate recover after the disruption from the COVID-19 pandemic.

In one session, a panel focused on residential real estate will cover recent surges in home prices, as well as the severe inventory shortage making it difficult for first-time buyers to purchase a home. Another session will highlight the current demographic influences in real estate, such as the buying and selling patterns of younger and older generations, as well as how racial and cultural differences could impact future demand for housing.

Invited speakers and panelists include:

  • Jared Bernstein, recently appointed to President-elect Joe Biden’s White House Council of Economic Advisers
  • NAR Chief Economist Lawrence Yun
  • David Berson, chief economist at Nationwide Mutual
  • Dana Peterson, chief economist at The Conference Board
  • Nela Richardson, chief economist at ADP
  • John Burns, head of John Burns Consulting
  • Danielle Hale, chief economist at realtor.com
  • Ali Wolf, chief economist at Zonda
  • Timothy Savage, assistant professor, New York University Schack Institute of Real Estate Distinguished Fellow
  • Jeanette Rice, head of multifamily research at CBRE
  • Igor Popov, chief economist at ApartmentList.com
  • Richard Fry, senior researcher at Pew Research Center
  • Rodney Harrell, vice president of family, home, and community at AARP
  • Jessica Lautz, NAR’s vice president of demographics and behavioral insights

Source: REALTOR® Magazine

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