In a market that has just started to achieve a sense of equilibrium, consumers are often unsure of what to expect next. One of the most frequently asked questions is whether this current situation would prevail and is the time ripe to invest in real estate.
To help answer this question, real estate information service provider Zillow is organizing an event in California to help consumers navigate the post-bottom landscape. The event will be conducted in association with the University of Southern California Lusk Centre for Real Estate on Oct. 12 at San Francisco’s Palace Hotel, a press release stated.
"When it comes to today's housing market, it's a confusing time for professionals and consumers alike," Zillow chief economist Stan Humphries said in a statement. "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."
