The Real Estate Summit

Housing Affordability and California’s Future
November 10, 2016

Intercontinental Hotel, Century City
2151 Avenue of the Stars, Los Angeles, CA 90067
8:00 a.m. to 1:30 p.m.

The Center for California Real Estate and the CALIFORNIA ASSOCIATION of REALTORS® are proud to present the second REAL ESTATE SUMMIT, an invitation-only event comprised of industry leaders from financial institutions, government agencies, academia, real estate, public policy, business, and investing. This year’s theme will focus on affordability – the state’s most pressing housing issue. Three private roundtable panels will discuss the policy, economics, and real estate aspects of housing affordability. Participants will engage in deliberate and impactful discussions with the goal of generating cogent action items for the state of California via the valuable input of stakeholders and thought leaders.

8 a.m. - 9 a.m. Registration and Continental Breakfast

9 a.m. – 10 a.m. Opening Session

10 a.m. – 12 p.m. Sessions:

Housing Affordability in a Post-Brown California: Policy Solutions for the Next Administration
Moderator: Pete Peterson, Dean, School of Public Policy, Senior Fellow, Pepperdine University
Panelists: Ben Metcalf, Director, California’s Department of Housing and Community Development
Matt Schwartz, President & CEO, California Housing Partnership Corporation
Jennifer Hernandez, Partner, Land Use/Environment Group, Holland & Knight
Andy Agle, Director, Housing and Economic Development, City of Santa Monica
Sarah Letts, Executive Director, Hollywood Community Housing Corporation

The Economics of Housing Affordability
Moderator: Joel Singer, Chief Executive Officer, CALIFORNIA ASSOCIATION OF
REALTORS®
Panelists: Richard Green, Director and Chair, USC Lusk Center for Real Estate
Michael Lens, Assistant Professor, Urban Planning, UCLA Luskin School of Public Affairs
Nela Richardson, Chief Economist, Redfin
David Min, Assistant Professor, Law, UC Irvine

Residential Real Estate Development and Affordability: Supply, Zoning, and Land Use in California
Moderator: Liam Dillon, Journalist, Los Angeles Times
Panelists: Richard Lyon, Senior Vice President, Public Policy, California Building Industry Association
Hasan Ikhrata, Executive Director, Southern California Association of Governments
Nicholas Marantz, Assistant Professor, Planning, Policy & Design, School of Law, UC Irvine
Ann Sewill, VP, Housing & Economic Opportunity, California Community Foundation

12:45 p.m. – 1:30 p.m. Keynote Speaker: Carol Galante, I. Donald Terner Distinguished Professor in
Affordable Housing and Urban Policy; Faculty Director, Terner Center for Housing Innovation, UC Berkeley

For questions about the event, please contact Melissa Hanson-O’Hare at melissah@car.org.


 2014 Real Estate Summit:
(Read a full recap of the event in California Real Estate Magazine)

On November 14, 2014, an audience of nearly 300 real estate executives and practitioners, industry stakeholders, economists, and policymakers gathered in Los Angeles for the inaugural Real Estate Summit: Partnering for Change in California, which featured a keynote speech from U.S. Secretary of Housing and Urban Development Julián Castro. Convened by the Center for California Real Estate and the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.), this day-long conference examined real estate’s role in driving the state’s economic future, as well as other issues beyond residential real estate. This inaugural event was held in partnership with the state’s top universities, including UCLA's Ziman Center, USC's Lusk Center, UC Irvine's Center for Real Estate, Berkeley’s Fisher Center for Real Estate, UCLA’s Anderson Forecast, and Stanford's Professionals in Real Estate (SPIRE).

The Summit brought together influential economists, policymakers, and business leaders to dissect and suggest solutions to the state’s biggest economic and real estate challenges, including housing affordability, homeownership, infrastructure, foreign investment, consumer trends, housing finance, and California's business environment. Attendees of this exclusive, invitation-only event were comprised of industry leaders from financial institutions, government agencies, academia, real estate, public policy, business, and investing

The highlight of the day was a keynote luncheon speech by HUD Secretary Julián Castro, a California-educated leader who, in a very short period of time, has made a significant impact on the communities he’s served. He spoke about the need for housing finance reform and expanding access to credit to help families who are recovering from the great recession—and doing everything right—rebuild the American dream. He added that it’s time to remove the stigma from promoting homeownership and wants to make helping responsible people buy their first home one of his top priorities.

Watch video coverage of the event and each panel below:

 

Summit Keynote Speaker:

    
    Julián Castro
    Secretary of HUD

Partner Speakers:

Kerry Vandell
UC Irvine, Director of the Center for Real Estate

           Richard Green
USC, Director of the Lusk Center for Real Estate

           Stuart Gabriel
UCLA, Director of the Ziman Center for Real Estate
           Ken Rosen
UC Berkeley, Chair of the Fisher Center for Real Estate
           Ed Leamer
UCLA, Director of the Anderson Forecast

Summit Panelists:

Bill Lockyer
California State Treasurer

           Anna Caballero
Secretary of CA's Business, Consumer Svcs & Housing Agency

           Dan Schnur
Executive Director of the Jesse M. Unruh Institute of Politics at USC
           Tim Quinn
Director of the Association of California Water Agencies
           Perry Wong
Managing  Director, Research, at The Milken Institute
Sonny Abbasi
Director of Mortgage Policy, Structured Finance Industry Group (SFIG)
           Ruben Rojas
Deputy Director of CA Infrastructure and Econ. Development Bank
           Dale Bonner
Executive Chairman of Plenary Concessions
           Julia Gouw
President and COO of East West Bank
 
Chris Porter
VP / Chief Demographer at John Burns Real Estate Consulting
                 

Frank Mottek
Award-winning broadcast journalist
           Ken Rapoza
Forbes Journalist Covering BRIC Nations and China
           Joel Singer
CEO of CA ASSOCIATION OF REALTORS®
           Claudia Cappio
Director of Dept. of Housing and Community Development
  David Stevens
CEO of Mortgage Bankers Association
                 
Elinor Ochs
UCLA, Professor of Anthropology, Director of Center on Everyday Lives of Families
           J. Walker Smith
Executive Chairman of The Futures Company
           Ron Loveridge
Director, UCR Center for Sustainable Suburban Development
           Leslie Appleton-Young
Chief Economist, CA ASSOCIATION OF REALTORS®
  Rick Davidson
CEO of Century 21 Real Estate, LLC


Summit Program:

State of the State: Assessing the Effects of California’s Infrastructure Challenges
California’s water supply, deteriorating infrastructure, and insufficient transportation corridors pose significant challenges to future housing markets. Experts examine how to accommodate population growth as well as solutions that promote economic prosperity amid these infrastructure challenges.

The Impact of Foreign Investment on California’s Economy
Foreign investors spend billions on U.S. real estate—particularly in California. This discussion analyzes how these buyers continue to affect the overall housing market, the role they play in the state’s economy, and what’s on the horizon for foreign investment in California.

Housing in the 21st Century: Changing Demographics and Consumer Trends
Discussants assess how consumer decisions now and in the future, as well as key demographic shifts, are shaping how and where people live in a fascinating look at the potential of communities to evolve in the 21st Century.

Solutions for a Recovering Market: Housing Affordability and Financing Homeownership
With home prices rising faster than both incomes and rent as the country continues its slow climb out of the Great Recession, economists and financial experts provide an overview of hurdles in the housing market. This panel will evaluate how interest rates, access to capital, and price increases all present significant challenges to homeownership.







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