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<DIV class=style2 align=center>
<DIV align=center>September 2009 </DIV></DIV></TD></TR></TBODY></TABLE>
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<H2 align=center><SPAN class=style23>Assessing Southern California's
Housing Market</SPAN></H2>
<P><IMG hspace=3 alt="John Karevoll" vspace=3 align=right
src="http://cssd.ucr.edu/EMails/Images/JohnKarevoll-WEB09.jpg"> <SPAN
class=style9>Home sales are showing signs of improvement and prices are
slowly rising in some Southern California markets. Does this mean the
region�s real estate crash has hit bottom?</SPAN></P>
<P><SPAN class=style9>MDA DataQuick Analyst John Karevoll will examine
some of the basic housing-related statistics and comment on the housing
markets at the Sept. 17 Randall Lewis Seminar Series. The seminar will
begin at 5:30 p.m. in Conference Room B, UCR Extension building, 1200
University Avenue in Riverside. (See <A
href="http://cssd.ucr.edu/EMails/Images/Room B Map .pdf">Map</A>)</SPAN></P>
<P><SPAN class=style9>Karevoll, who has spent more than 20 years analyzing
real estate data in the region, will review Southern California market
trends, with a special focus on Riverside and San Bernardino counties. He
will examine sales, price, lending and foreclosure trends, with a close
look at �below-the-surface� statistics that don't make the
headlines.</SPAN></P>
<P><SPAN class=style9>While it's hard to chart turbulence until it's over,
Karevoll will try to address how the market broke loose from its moorings.
Why has the Inland Empire been hardest hit? Has the market hit bottom, and
can anybody predict how the market will recover - and
when?</SPAN></P></DIV></TD>
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<H3 class="style7 style24" align=center>About Randall Lewis </H3>
<P class=style8 align=left><IMG hspace=3 alt="Randall Lewis" vspace=2
align=right src="Images/RandallLewis.jpg" width=100 height=169>Randall
Lewis is well known for his innovative approaches to planning, designing,
and marketing residential communities as Executive Vice President of the
Upland-based Lewis Group of Companies. </P>
<P class=style8 align=left>He has been Secretary of the Los Angeles County
Citizens Planning Council, Director of the Home Builder's Council,
National Director of the National Association of Home Builders, and
President of the Inland Empire Arts Foundation.</P>
<P class=style8 align=left>He was inducted into the California Building
Industry Association Hall of Fame and was the recipient of the Sales and
Marketing Council's MAME Awards Marketing Person of the Year. He is a long
time ULI member as well as a Governor of the ULI Foundation.</P>
<P class=style8 align=left>He serves on several executive boards,
including the USC School of Policy, Planning and Development and the UCLA
School of Public Policy and Social Research.He received his B.A. from
Claremont McKenna College.
<P class=style8 align=left>
<P class=style8 align=left></P></TD>
<TD width=540 align=middle>
<P class=style9 align=left>Karevoll, a Minneapolis native, was raised in
Norway and worked as a journalist in Oslo for 10 years. He moved his
family to New York in 1983 while working for a Scandinavian business
publication. After later moving to California, Karevoll began working in
the world of data, where he would �mine� large databases looking for
trends.</SPAN></P>
<P class=style9 align=left>He has done real estate-related database work
for TRW, CDB Infotek, Acxiom and others. His relationship with San
Diego-based DataQuick began in 1989.<BR>The real estate statistics
Karevoll generates are used by public agencies, lending institutions,
industry analysts and the news media. Karevoll also is a contributor to
the Federal Reserve�s �Beige Book� on economic trends.</P>
<P class=style12 align=center> </P>
<P class=style12 align=center>The seminars are free of charge. </P>
<P class=style9 align=left><SPAN class=style15>If you plan to attend,
please RSVP</SPAN> to: <A
href="mailto:judy.swineford@ucr.edu">judy.swineford@ucr.edu</A> or (951)
827-7945 to ensure adequate space and refreshments. </P>
<P class=style9><SPAN class=style9>For further information regarding this
or any CSSD-sponsored event, please contact:<BR>Rick Burnham,
<BR>Assistant Director, CSSD <BR>University of California,
Riverside<BR>B101 Highlander Hall<BR>Riverside, CA 92521<BR>Phone:
951.827.4103<BR>Email: <A
href="mailto:rick.burnham@ucr.edu">rick.burnham@ucr.edu</A></SPAN>
<P class=style9><SPAN class=style13><SPAN class=style14><A
href="http://or.ucr.edu/">Office of the Vice Chancellor for
Research</A></SPAN></SPAN></P>
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href="http://www.cssd.ucr.edu">www.cssd.ucr.edu</A></P>
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