Roundtables/Panels

CCRE engages key stakeholders in high-level roundtables that address the industry's most pressing issues. By inviting industry leaders to be a part of these fruitful and in-depth discussions, CCRE can better understand the dynamics of a shifting real estate environment that remains fraught with challenges. These roundtables are reflective of CCRE’s ongoing commitment to cultivating the best possible understanding of the broader marketplace and the specific forces that shape this industry.

2018

Past Events

California Series: Exploring Consensus-driven Solutions to San Diego's Housing Crisis

This event has already taken place. Catch-up with the conversation on our Facebook page.

Like much of California, San Diego has been severely impacted by the state’s housing crisis.

Initial efforts to promote housing policy innovation and solutions in San Diego have seen a diverse range of interest groups, often representing different sections of the political spectrum, combine forces to identify mutually satisfactory outcomes at a city government level.

To date, strategies to emerge from this dialogue – led by Mayor Kevin Faulconer - have included streamlining the regulatory process, easing zoning regulations, reducing the permitting costs associated with Accessory Dwelling Units and expanding the City’s density bonus program, with further action on the horizon.

This panel - part of the Center for California Real Estate’s (CCRE’s) California Series and featuring Mayor Faulconer and industry groups - explored how these efforts came to fruition, how they are set to dictate the city’s future policy agenda and analyze whether they can serve as a blueprint for ongoing consensus-driven action on housing affordability in San Diego and beyond.

Moderator: Steve White, President, California Association of REALTORS®

Panelists:
• Kevin Faulconer, Mayor of San Diego
• Borre Winckel, President and CEO, Building Industry Association of San Diego County
• Debbie Ruane, Senior Vice President and Chief Strategy Officer, San Diego Housing Commission
• Colin Parent, Executive Director and General Councsel, Circulate San Diego and La Mesa City Councilmember

California Series: Is Sacramento’s Affordable Housing About to Disappear?

This event has already taken place. Catch-up with the conversation on our Facebook page.

C.A.R. CEO Joel Singer joined some of the Sacramento Area's most prominent corporate and policy thought leaders to examine workforce housing solutions for an expanding population.

This panel took  place on May 1 at the Sacramento Convention Center with the following panelists:
• Jonathan Williams, Director of State and Local Government Affairs, Intel Corporation
• Dorothy Rothrock, President, California Manufacturers & Technology Association
• Angelique Ashby, Sacramento City Council Member
• John Krueger, Executive Vice President, Greater Sacramento Economic Council

California Series: Legislators Discuss "Out-of-the-Box" Solutions to California's Housing Affordability Crisis

California’s Legislature must continue to play a heightened role in addressing the state’s housing affordability crisis. State lawmakers must think big, be bold, and make access to housing their priority.

C.A.R.’s Center for California Real Estate (CCRE) presents a livestream panel discussion, moderated by C.A.R. President Steve White, to examine current housing-related legislation. Tune in and hear from a distinguished group of state legislators as they discuss approaches to solving the state’s housing crisis.

Moderator:
Steve White, 2018 C.A.R. President

Panelists:
Assemblymember Marc Steinorth
Assemblymember Laura Friedman
Assemblymember Kevin McCarty

Head to the C.A.R. Facebook page to watch the full dicussion.

Artificial Intelligence in Real Estate: Navigating the Paradigm Shift

CCRE's AI in Real Estate Panel Discussion: 10 Takeaways

C.A.R.’s Center for California Real Estate convened a panel of real estate's heavy hitters to discuss how the real estate industry can adopt and embrace artificial intelligence. Moderated by C.A.R. CEO Joel Singer, the panelists explored the challenges and opportunities that lie ahead with regard to AI. Here are 10 takeaways from the discussion:have

1. AI is going to shrink the real estate industry

The reality is that AI-derived efficiencies will probably result in fewer REALTORS®, but you should abandon images of an AI-triggered real estate armageddon. Good REALTORS® are here to stay, the experts all agree.

2. AI is already smarter than agents

AI is capable of conducting a level of data synthesis that humans could never hope to achieve. Be it pricing metrics or knowing the number one reason why contracts fall through in a particular location, AI can connect the dots in ways that humans can’t.

3. It’s everywhere

Whether it’s the Google Maps commute time you're given on the way to a listing, Siri telling you what time it is or the online price estimate your client comes in with, the likelihood is that you're already dealing with AI on a daily basis, and there's more coming.

4. Abandon the villain perspective

AI companies aren't going to dictate how REALTORS® do business. It’s going to be REALTORS® dictating their requirements to AI companies. By being an early adopter of new technology you dictate where AI sits in your practice.

5. Get ready to part ways with the boring stuff

Time consuming, frustrating or mundane tasks like lead generation and contract review are low hanging fruits in terms of AI-driven automation, allowing you to spend more time with clients!

6. Choose your partners wisely

Partnering with AI companies that have a business model that enhances the REALTOR® proposition is key to a thriving industry in a post AI world.

7. AI can be discriminatory

The real estate industry has come a long way in terms of embracing equality and inclusion - but algorithm-level bias in AI platforms may risk undoing these hard fought gains. REALTORS® need to be acutely aware of this possibility and ensure that AI platforms are built and deployed to reflect principles of fairness.

8. AI does IQ, not EQ

Clients don't judge REALTORS® on how many texts they send or the way they schedule appointments; they draw conclusions based on a REALTOR®'S ability to make deep and meaningful personal connections - something AI is unable to do to. That’s a good thing.

9. We'll need to talk about data, again

 Reassessment around who truly owns the consumer’s data is coming, and REALTORS® need to be part of that critical conversation.

10. Be a Netflix, not a Blockbuster

Nobody could have predicted the monumental shift the internet has brought to traditional business models, and it's the same story for AI. Predicting AI's full impact on the real estate industry is no slam dunk. Stay informed and keep up with tech!

This panel took place on April 18, 2018 at the LucasFilm campus in the Presidio, San Francisco and included:
• Marie Hagman, Director of Product, Machine Learning at Zillow
• John Berkowitz, Co-founder and CEO, OJO Labs
• Russ Cofano, Industry veteran/speaker on data, technology and innovation
• Peter Jonas, President of West Regions, Compass
• Prem Natarajan, Michael Keston Executive Director, USC Information Sciences Institute

 Get up-to-date with the action from our AI event with our panel report.

California Series: Exploring Solutions to the Bay Area Housing Crisis

CCRE's Affordable Housing in the Bay Area Panel Discussion: 7 Takeaways

C.A.R.’s Center for California Real Estate recently convened a panel of industry experts to discuss housing in the Bay Area. These are seven key takeaways from that panel.

1. The SB 827 debate isn’t going away

Senator Wiener's SB 827 - an aggressive bill aimed at promoting increased housing construction near transport hubs - may have been recently defeated, but that won't be the last we hear of it. The bill will likely be up for discussion again, and the conversation around reforming our broken planning system will continue.

2. California's business reputation is on the line

The corporate conversation in the Bay Area has shifted dramatically, to the point where executives are deciding its cheaper to open new offices in other states where housing is still attainable rather than pay staff a higher living wage and venture capitalists are regularly inquiring about companies' relocation strategies. Statistics back that up – California recorded the highest outbound migration rate in the U.S. in 2016, with 142,932 more residents choosing to leave the state than enter it.*

3.Young people are California's new political force

For too long legislators have focused on appeasing existing homeowners at the expense of building enough housing for an expanding millennial population. The YIMBY movement is their rally call against the status quo - and they're ready to let their voices be heard at the ballot box.

4. 2019 will be a big year for housing

The much-maligned Redevelopment Agencies - local development agencies that boosted affordable housing and promoted urban renewal - and other housing-positive legislation could make a reappearance under a successor to Governor Jerry Brown.

5. Housing is a health issue

Research has revealed that the housing crisis is leading to displacement throughout the Bay Area, with approximately one in three households in one Bay Area county experiencing a period of homelessness or marginal housing in the two years following displacement. **

6.We need high cost housing too

It's commonly accepted that the Bay Area needs more affordable housing, but if we want to stop the tide of displacement, we need to build more luxury housing in upmarket areas too - and tackle the NIMBY-ism of existing residents head on.

7. The environment is being used as a cop out

NIMBY's are using false concerns about environmental protections to oppose housing reform, housing advocates say. Despite misconceptions, SB875 didn’t seek to overturn environmental reforms, and CEQA reform has already taken place in the form of SB35 - with the support of some environmental groups.

[*] Figures compiled by the US Census Bureau
[**] Source: Urban Displacement Project’s case study on displacement in San Mateo County

This panel took place on April 19, 2018 at Yelp's San Francisco headquarters with the following panelists:
• State Senator Scott Wiener
• Miriam Zuk, Director of the Urban Displacement Project at UC Berkeley
• Jeremy Stoppelman, CEO and co-founder of Yelp
• Sonja Trauss, founder of the SF Bay Area Renters Federation

Check-out our report on this event.

 

MLS 2018: Examining The Challenges Ahead
C.A.R. CEO Joel Singer and a panel of industry heavy weights confronted the challenges and opportunities of the MLS, as part of the Center for California Real Estate’s (CCRE) California Series.

“MLS 2018: Examining the Challenges Ahead” took place on Jan. 10 with the following panelists:
• Art Carter, CEO, California Regional Multiple Listing Service (CRMLS)
• David Charron, Chief Strategy Officer, Bright MLS
• Rebecca Jensen, President/CEO, Midwest Real Estate Data LLC (MRED)
• Mark McLaughlin, CEO, Pacific Union
• Jeanne Radsick, NAR Mergers & Consolidations Task Force; Broker, Century 21 Tobias Real Estate
• Dale Ross, CEO, Realtors Property Resource, LLC

Also participating in the panel will be these discussants:
• Wes Burk, Owner/Broker, Patterson Realty
• Craig Cheatham, President/CEO, The Realty Alliance
• Jeremy Crawford, CEO, Real Estate Standards Organization (RESO)
• Sandra Deering, Broker, Coldwell Banker Residential Brokerage
• Jim Harrison, President & CEO, MLSListings, Inc.
• David Silver-Westrick, Partner, Keller Williams OC Coastal Realty

The panel was invitation-only, but a recording of the event is available via C.A.R.’s Facebook page.
A report summarizing this event is available on the CCRE wesbite. 

 2017

California’s Fading Dream: Can the American Dream be Restored for the Next Generation of Homeowners?
Sacramento (May 2) At an event hosted by CCRE, noted author and scholar, Joel Kotkin, presented the findings from his latest report "California's Fading Promise: Millennial Prospects in the Golden State." He was joined by C.A.R. CEO Joel Singer for a lively discussion on how the lack of housing is threatening an entire generation of Californians. 
 
In a state where housing prices are 230 percent above the national average, California's millennial generation faces unprecedented economic challenges and diminished prospects with respect to housing, according to Kotkin's report. Millennials' incomes are not higher than those in key competitive states, but the costs they must absorb, particularly for housing, are the highest in the country. Their prospects for homeownership are increasingly remote, driving substantial out-migration from the state. The report, sponsored by CCRE, found California has experienced a net loss in migrants for at least the last 15 years.
 
Rather than limit construction to apartments and condos in "infill" development, Kotkin suggested using vacant land in interior communities like the Inland Empire and Central Valley. The report also outlines other steps that could bring more millennials into the housing market and restore middle class prosperity to California.
 
Read the report
View video highlights
Watch the video of the live stream

State of the State Panel: Addressing California's Housing Affordability and Supply Crisis
Sacramento (May 3) CCRE brought together key State Legislators who shared unique perspectives on how California can address its historically low homeownership rate, housing affordability, and supply crisis.  Senator Toni Atkins (39th District, San Diego), Assemblywoman Catherine Baker (16th District, Alameda/Contra Costa), and State Assemblyman Jim Cooper (9th District, Sacramento/San Joaquin) joined C.A.R. President Geoff McIntosh to discuss pressing housing issues, including increasing housing production, rent control, environmental protection, and tax reform.
  
View video highlights
Watch the video of the live stream

The California Series: The State of the State
Los Angeles (March 28) CCRE hosted a special discussion on March 28 that featured key policymakers tasked with addressing California’s most pressing issues. Housing was at the forefront of the conversation. “You represent the forefront of California’s economy,” Ron Lapsley, president of the California Business RoundTable, told a full house of REALTORS® at the Association’s headquarters in Los Angeles. “You have a pulse and a feel for what is happening in our communities and our state.”

C.A.R. Chief Economist Leslie Appleton-Young moderated the event and cautioned that, as a result of high housing costs, many Californians are “voting with their feet,” essentially leaving coastal areas to go inland or move out of state altogether. The “State of the State” conference held Tuesday is part of a California Series, the first so far, that C.A.R. has hosted to discuss impactful policy that can address the state’s shortcomings in housing.

Panelists talked about reforming Proposition 13, a measure that limits tax increases on properties unless they’re sold. Chris Hoene, the executive director of the California Budget and Policy Center, said that as a result of Prop. 13, local governments need to raise money from development fees. That, in turn, discourages building units, Hoene said. “It doesn’t make sense for people to scream and yell about an affordability crisis and not take on the single biggest financing mechanism problem in the state.”

Well over half of the state rent, making California’s homeownership the second-lowest homeownership rate in the nation. Hoene also suggested that the mentality of NIMBYism (Not In My Backyard) has also exacerbated the state’s housing shortages.

Ron Galperin, Los Angeles City Controller, touched on other factors, such as much-needed environmental regulations that have often been abused due to California Environmental Quality Act (CEQA) interpretations. Galperin called for more private sector involvement to properties that Los Angeles owns. “The more difficult it is to build housing, the more expensive it will become,” Galperin said.

C.A.R. streamed the discussion live on Facebook. Watch it here.

 


2015 Roundtable Series
CCRE convened a panel in May 2015 with top experts concerning data management issues, and the incongruity between advancements in technology and the industry's outdated and restrictive infrastructure. Joining C.A.R. CEO Joel Singer for this event were the following panelists: Ann Bailey, founder/owner of Pranix, Inc; Robert Bailey, owner/broker of Bailey Properties, Inc.; David Charron, chief executive officer of MRIS, Inc.; and Dale Ross, chief executive officer of Realtors Property Resource, LLC.

Leslie Appleton-Young, Chief Economist for the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.), convened four leading real estate economists to discuss the health of the U.S. economy and housing market. Appleton-Young was joined by the following for this economist roundtable: Nela Richardson, Redfin Chief Economist; Jonathan Smoke, realtor.com® Chief Economist; Christopher Thornberg, Beacon Economics, LLC, Founding Partner; and Laurie Goodman, Urban Institute’s Director of the Housing Policy Finance Center.

C.A.R. Chief Technology Officer Josh Sharfman convened four experts for a special roundtable to discuss the applicability of big data to the real estate industry, as well as the future direction of the burgeoning field of data science. Participants included Marty Frame, President of Realtors Property Resource® (RPR®); John Kelly, Managing Director of Berkeley Research Group; Sharran Srivatsaa, President and Chief Innovation Officer of Teles Properties, Inc., and Ryan Marshall, Chief Executive Officer of Benutech, Inc.


 2014 Roundtable Series
CCRE convened a panel in July 2014 with top executives from the online portals Zillow, Inc., Trulia, Inc., and Move, Inc.’s Realtor.com. Singer was pleased to be joined by Zillow’s Curt Beardsley, Vice President of Industry Development; Realtor.com’s Luke Glass, Executive Vice President of Industry Platforms; and Trulia’s Paul Levine, Chief Operating Officer. The panelists shared their views on what lies ahead for real estate business, the current state of the industry in relation to technology, and what needs to occur for innovation to fully take root on a wide scale.


 2013 Roundtable Series
Three executive reports were generated from the program's inaugural sessions:

Additionally, in collaboration with the Milken Institute think-tank, the CALIFORNIA ASSOCIATION OF REALTORS® co-released a special report on housing finance:

   







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