Economic Outlook

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Description Knowing what direction the market is headed in is critical to your success as a REALTOR®. That's why MORe has invited one of the most influential real estate economists to share invaluable insight on our current market and enlighten us on the future of real estate and the economy.

Join MORe for an economic outlook given by Dr. Lawrence Yun, NAR's Chief Economist and Senior VP of Research, and Mark Peterson, President and CEO of Intersect Illinois. Leave with the information you need to maintain an edge on the competition and prepare for future challenges and opportunities! 

What will be covered:
  • Recent developments in the housing market (national and local)
  • The direction of home prices in the next 12 to 24 months
  • Comparisons with past housing cycles
  • Low oil price and strong dollar impact
  • Economic backdrop
  • Forecast of economy and housing market
  • How Illinois is growing, changing, and attracting people & how that might affect the real estate market

Dr. Lawrence Yun
NAR Chief Economist and Senior Vice President of Research

Lawrence Yun oversees and is responsible for a wide range of research activity for the association including NAR’s Existing Home Sales statistics, Affordability Index, and Home Buyers and Sellers Profile Report.  He regularly provides commentary on real estate market trends for its 1 million REALTOR® members.

Dr. Yun creates NAR’s forecasts and participates in many economic forecasting panels, among them the Blue Chip Council and the Harvard University Industrial Economist Council. He appears regularly on financial news outlets, is a frequent speaker at real estate conferences throughout the United States, and has testified before Congress. Dr. Yun appears often as a guest on CSPAN’s Washington Journal and is a regular guest columnist on the Forbes website.

Dr. Yun received his undergraduate degree from Purdue University and earned his Ph.D. from the University of Maryland at College Park.

Mark Peterson
The president and CEO of Intersect Illinois

Mark S. Peterson has an outstanding background in economic development, financial administration, and high-value fund raising. Prior to accepting the role of President & CEO, Intersect Illinois, Mark served as President and CEO of the Greater Rochester Enterprise (GRE) beginning in August, 2008. Charged with the continued creation and execution of GRE’s strategic plan, Mark proved himself to be a strong advocate for the Greater Rochester region, built a reputation amongst his colleagues as an exceptional leader and proactive change agent. He is strongly committed to promoting Illinois, attracting quality businesses, and changing lives through job creation. A natural problem solver, Mark has true talent for connecting people with appropriate resources to generate results. 

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