Wow! It’s taken me a full week to completely and properly digest all of the information presented by the one and only Bruce Norris at the NSDREI’s 20th Anniversary Party last week. If you were there, you were blessed with a treat. If you missed it, don’t worry, as an NSDREI member you have access to the audio!

It’s crazy to think that Bruce Norris has been the speaker for each one of the NSDREI’s Anniversary parties without fail. I cannot express the amount of gratitude I have for that man — and I know all of you feel the same way. 

Before I get into the meeting recap, I need to take a second to thank all of you who have helped make the last 20 years possible. It is because of our loyal members, sponsors, and guests that we’re able to do what we do. On behalf of the Board of Directors, we express our gratitude to you!

If I had to describe the way Bruce feels about the California real estate market for the near future in one sentence, I’d say: “Stable pricing, lower sales volume, low inventory, and 30-year mortgage interest rates slightly lower than where they’re at today.” But that just scratches the surface. Bruce and I spent two full hours digging into the weeds on:

• Affordability
• Interest Rates
• Pricing
• Demographics
• Looming Recession
• Inventory, & where new supply may come from
• Demand
• Building 
• Foreclosures
• Jobs/Employment
• Rent Prices
• ...and so much more!

It truly was a magical evening and one we certainly won’t forget.

Remember, as a NSDREI Member you of course can review the audio (there were no slides for this meeting) anytime you like! (Not yet a member? Click here to join.)

Thank you all for your continued support of our fine Organization. 

Until next month, 

Derek Harms
President, NSDREI