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| Bruce Norris, president of The Norris Group, will speak at the Real Estate Research Council of Southern California's quarterly luncheon meeting on Sept. 2. |
The Real Estate Research Council of Southern California (RERC) will host its quarterly luncheon meeting, this time focusing on the topic Foreclosures Will Increase 1,500 Percent Between 2005 and 2010. The event will be held Thursday, Sept. 2, from 11:30 a.m. to 1:40 p.m., in the Kellogg West Conference Center.
The featured speaker will be Bruce Norris, president of The Norris Group, a company dedicated to the profitability and education of California real estate investors. Norris will discuss his 1997 prediction that California home prices will double between 1997 and 2005, which turned out to be highly accurate. In addition, he will explain why he now predicts a record number of home loan foreclosures and a decrease in home prices.
Michael Carney, professor of Finance, Real Estate & Law will also present an update of real estate trends through the second quarter 2004, including results of the survey of unsold new tract housing inventory.
The RERC, a nonprofit organization based at Cal Poly Pomona, works toward developing and distributing factual information about conditions affecting real estate in Southern California, from housing to mortgage lending and construction.
Cost to attend the luncheon is $35 and includes lunch. For more information, contact Terry Kaufman at (909 869-2410 or rerc@cpp.edu.