Mid-Year Economic Outlook: Housing Trends, Forecasts & Insights for 2024
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Event Sponsors
Guest Speaker:
Andrew Ryan Kennedy
Adjunct Professor
South Jersey Mid-Year Housing & Economic Outlook
Housing Trends, Forecasts & Insights
Where Are We Now…and Where Are We Headed?
Where we are in the market cycle
A state of projects in New Jersey (focused on residential), as well as an estimate of demand for residential.
How the Federal Reserve is impacting the market cycle
An interest rate/inflation assessment updated to assess what the Federal Reserve is anticipated in doing.
How demographics are impacting the market cycle?
Showing affordability metrics for first time home purchaser age groups, showing a complete deterioration in age groups 35 and below’s ability to afford starter homes.
An assessment on Government actions to aid in creating more viable purchase prices
Focused on 1st time home buyers but going through the big incentive changes announced in NJ on the Low-Income side.
Bio
Andrew Kennedy is a professor of Sustainability and Real Estate Development at Drexel University. Andrew holds a degree in Economics from Washington College, a Masters in Finance and an MBA from Drexel University. His prior experience before focusing on sustainability was in Risk Management for one of the largest P&C insurance companies. His background provides a unique prospective on the real estate market with a focus on credit markets, supply and demand, and government displacement of real estate markets. His focus is on the practical while providing academic support for those practical decisions.
Andrew Kennedy is also the co-founder and partner of The Phoebus Fund, LLC, a company whose focus is creating mutually beneficial systems for farmers and renewable energy. Andrew is an experienced developer of solar energy assets in the Northeast United States, with 10-years’ experience in the renewable energy development industry, including the development of at the time the largest rooftop solar system in New Jersey. His unique personal background provided the basis for the Agrivoltaic system. Growing up in an agricultural community, Andrew saw firsthand the challenges of the U.S. agriculture industry, and through Agrivoltaics has found a way to use his renewable expertise to give back and help the agricultural communities of the United States. His patent pending Agrivoltaic system allows for the dual use of land and supports production of renewable energy while retaining and protecting agricultural lands. In addition, the system allows for increased productivity of the farmer by providing irrigation and agricultural material dispersal. Using his expertise in Sustainability and Economics, Andrew developed the company to solve key climate issues while helping financially struggling farmers.
EVENT SPONSOR
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Date and Time
Wednesday Jun 12, 2024
5:00 PM - 7:00 PM EDT
Schedule: vRegistration: 5:00 pm v Presentation & Q & A: 5:30 pm - 6:30 pm
Stationary Appetizers 5:00 pm – 7:00 pm
Location
Bonesaw Brewing
(The Lager Loft -2nd Floor - Proceed through the main entrance, straight to the staircase / elevator )
570 Mullica Hill Road
Glassboro, NJ 08028
Fees/Admission
Cost: $45.00 Members/$55 Walk-Ins Late registration after June 7th
vCASH BARv
Economic Forecast Sponsorship:
$250.00 Includes Admission for 2 Persons & Sponsor Signage at Event
Opportunity to Address Attendees
