Sierra Nevada REALTORS® and CCIM of Northern Nevada are excited to present their Mid-Year Economic Update Breakfast on August 15 at the Atlantis Casino Resort with doors opening at 7:30 a.m. This event is open to the Northern Nevada Business Community and the general public. Cost of the event is $50 for CCIM and Sierra Nevada REALTORS® members and $65 for all others.
With the U.S. economy experiencing a whirlwind of events, including significant Federal Reserve meetings, bank challenges, inflation concerns, and construction disruptions, many individuals and businesses worry about the implications for commercial real estate (CRE) and the economy as a whole. To address these pressing questions and provide valuable insights into the current economic landscape, Chief Economist for the National Association of REALTORS® (NAR), Dr. Lawrence Yun will deliver an impactful update and forecast about the local, state, and national economic landscape.
“The commercial real estate market faces tremendous difficulties with high interest rates and refinancing challenges,” said Yun. “Despite these issues, the market is poised for revitalization. With mortgage rates expected to average between 6.3% and 6.5% in 2024, housing affordability will improve, enticing more buyers back into the market.”
“We are honored to host Dr. Yun, a renowned expert in the field of economics and real estate,” said Cindy Santilena, President of CCIM of Northern Nevada.” This event will be a golden opportunity for attendees to gain valuable knowledge and make informed decisions in light of recent economic developments,” said Robert Bartshe, 2024 President of Sierra Nevada REALTORS®.
The event will also feature several distinguished speakers:
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Todd Collins, CCIM 2024 President: Todd Collins will provide a detailed Commercial Report, offering insights into the latest trends and developments affecting the commercial real estate sector.
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Robert Bartshe, 2024 Sierra Nevada REALTORS® President: Robert Bartshe will present the Residential Report, focusing on current market conditions, sales trends, and future projections for the residential real estate market.
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Mark Krueger, Senior Advisor, Land Advisors Organization: Mark Krueger will deliver the Land Report, discussing the latest trends in land sales and investment properties, and providing expert analysis on the land market in Northern Nevada and beyond.
To learn more about the event and to book your seat, please visit snr.realtor/midyeareconomic/ or call 775-823-4028.
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About Dr. Lawrence Yun
Dr. Lawrence Yun is NAR’s Chief Economist and received his undergraduate degree from Purdue University and earned his Ph.D. from the University of Maryland at College Park. He supervises and is responsible for a wide range of research reports for NAR including existing home sales, statistics, affordability index, and Home Buyers and Sellers Profile Report. He regularly provides commentary on real estate market trends for NAR’s 1.4 million REALTORS® across the country. Dr. Yun participates in numerous economist panels including the Blue-Chip Council, the Wall Street Journal and can be seen on MSNBC and C-SPAN. He also participates in the Industrial Economists Discussion Group at the Joint Center for Housing Studies of Harvard University.
About CCIM Institute
CCIM Institute is a global community of 13,000 members, more than 50 chapters, and 30 countries that educates and connects the world’s leading experts in investment strategy, financial analysis, and market analysis. Our courses and worldwide community deploy commercial real estate investment methodologies and tools that speed the pathway between opportunity, a go/no-go decision, and success for an asset, taught by instructors who are themselves industry leaders. Today, the organization, through its 50 chapters, continues to innovate best practices, and elevate the commercial real estate professional through its core designation program to earn the CCIM pin—real estate’s most coveted credential—and its topical education courses offered through the Ward Center for Real Estate Studies.
About Sierra Nevada REALTORS®
Sierra Nevada REALTORS® is an association of dedicated professionals committed to the best practices in the residential real estate sales industry. Our Association staff is always available to provide our members with the information, education, events, resources, safety practices, and applications tools they need to thrive. The Association works relentlessly on behalf of all members and their clients in six counties in the Sierra Nevada area—Carson, Churchill, Douglas, Lyon, Storey, and Washoe (excluding the jurisdiction of Incline Village REALTORS®). Through advocacy and community involvement, we support and raise awareness on issues and organizations working to make life better for all.
