NAR to Participate in 2018 International Real Estate Conference
Members of the National Association of REALTORS (NAR) will be participating in the 2018 International Real Estate Conference (IREC) in Hanoi, Vietnam, September 6-7, with an expo extending September 8-10. The Vietnam National Real Estate Association is hosting the event, with NAR serving as a strategic partner. Over 1,000 attendees are expected, and 60,000 are expected at the expo.
The conference kicks off with the NAR Global Leadership Summit, an invitation-only meeting where the association’s bilateral partners will discuss hot topics and trends. The conference covers artificial intelligence; big data and data analytics; blockchain; building construction and design trends; smart cities; global real estate market trends from each region; and more. The U.S. Ambassador to Vietnam, as well as a representative from the Vietnamese Prime Minister’s office, will also speak.
“Nearly a quarter of REALTORS® reported that they worked with an international client in the last year, even as low inventory and higher home prices continue to affect the U.S. market,” says NAR President Elizabeth Mendenhall. “Demand from overseas remains strong; foreign buyers purchased a total of $121.0 billion of residential property last year and at a more expensive price than domestic buyers did, a comparison of $292,200 for a foreign median home price and $249,300 for domestic.
“REALTORS understand better than anyone that the U.S. real estate market continues to be seen as a safe, secure and profitable place to invest in property,” Mendenhall says. “IREC brings together NAR partner associations from all over the world to discuss cross-border opportunities and the many benefits of investing in the U.S. real estate market.”