Yesterday afternoon I stepped out of the day-to-day business of real estate and attended the 2017 Realtor Summit, sponsored by Union Bank and presented by AREAA San Francisco-Peninsula. My thanks to both Union Bank and AREAA (Asian Real Estate Association of America) for providing a great educational event.
The Omni Hotel in the heart of the financial district of San Francisco was a wonderful venue, both for the meeting itself and the networking mixer with food and beverages which followed, courtesy of Union Bank.
The program featured two main speakers. First, William Jansen, Attorney at Law and President of Broker Risk Management shared advice on how to avoid real estate pitfalls and gave us some legal updates. Then Oscar Wei, Senior Economist for the California Association of Realtors gave an economic forecast for our local Bay Area market, and how it compares to the state and the nation.
Some of my key take-aways, in addition to the fact that interest rates are likely to rise another .5% in 2017, are shown on the following pictures of slides from the meeting:
My thanks to Union Bank and AREAA for bringing this information to us. Staying abreast of trends and seeing what's expected in the near future helps me be a better Realtor® and bring more value to my clients.