[CSSD] Assessing Region's Housing Market Topic of Sept. 17 Lewis Seminar Series

Rick Burnham rick.burnham at ucr.edu
Wed Aug 26 10:32:52 PDT 2009

CSSD Newsletter
      September 2009  
      Assessing Southern California's Housing Market
       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?

      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 Map)

      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.

      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?
      About Randall Lewis 
      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. 

      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.

      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.

      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. 

     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.

      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.
      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.

      The seminars are free of charge. 

      If you plan to attend, please RSVP to: judy.swineford at ucr.edu or (951) 827-7945 to ensure adequate space and refreshments.  

      For further information regarding this or any CSSD-sponsored event, please contact:
      Rick Burnham, 
      Assistant Director, CSSD 
      University of California, Riverside
      B101 Highlander Hall
      Riverside, CA 92521
      Phone: 951.827.4103
      Email: rick.burnham at ucr.edu 

      Office of the Vice Chancellor for Research

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      Visit our website at www.cssd.ucr.edu

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