More than 400 of the Sacramento-Tahoe region’s top real estate professionals joined local economists and business leaders today to discuss the area’s housing market and economic development outlook at Coldwell Banker Residential Brokerage’s 2015 kickoff conference.
The one-day event at the Sacramento Grand Ballroom, entitled “The Future’s So Bright,” recapped last year’s solid improvement in the local housing market as well as provided encouraging outlooks for both housing and economic development in the region, particularly in the core downtown Sacramento area. Coldwell Banker also honored its Top 1% agents based on 2014 results during the festivities.
Keynote speakers included Kris Vogt, president of Coldwell Banker Residential Brokerage; Michael Ault, executive director of Downtown Sacramento Partnership; noted economist Ryan Sharp, senior vice president for Economic & Planning Systems; and Bill Mueller, CEO of Valley Vision. Also speaking were Gordon Fowler, CEO and creative director for 3fold Communications, and Terri Briggs, regional vice president for Coldwell Banker Residential Brokerage in the Sacramento-Tahoe region.
“We’ve starting to see some real momentum here in Sacramento, in particular in the downtown area with a number of ambitious development plans that will have a positive impact on our housing market,” Vogt said. “The speakers today really underscored that the future is indeed bright for this region, and we’re looking forward to playing a key role in Sacramento’s exciting future.”
Vogt pointed to Mayor Kevin Johnson’s recent State of the City address that discussed a push to repopulate Downtown Sacramento by adding 10,000 downtown housing units over the next 10 years. Now that the downtown area is getting a new arena and new businesses are coming in, Johnson has said that housing in the only missing component of the plan.
“The Sacramento region already has many of the ingredients for a strong, sustainable housing market – a growing economy, affordable housing, and an attractive quality of life,” Vogt said. “Bringing more residents back into the downtown core can only help the housing market grow even faster in the years ahead, and that’s good news for the entire economy.”
Ault’s remarks, “Moving Sacramento Forward,” discussed developments in the downtown area and the affect they will have on the rest of the region. His organization, the Downtown Sacramento Partnership, is dedicated to the improvement of Sacramento’s central business district and oversees maintenance, safety and revitalization programs.
Sharp was formerly the director for the Center for Strategic Economic Research, a part of the Sacramento Area Commerce and Trade Organization, before joining Economic & Planning Systems. He addressed the group on the topic of “Slow & Steady: Characteristics of the Sacramento Region’s Economic Recovery.”
Mueller of Valley Vision’s address: “Next Sacramento,” outlined major trends in the Sacramento region. Valley Vision is involved in research, collaboration and leadership with a focus on economic, environmental and social issues.