The NAR Appraisal Summit: Fair Housing Questions in Real Estate Valuation took place on August 5, 2020 from 4:00 p.m. to 5:00 p.m. EDT.
To view a recording of the live stream:
Owning a home is the dream of most American households. It is well documented that home ownership brings prosperity to residents, but it also helps ensure the financial stability of future generations.
There is currently a significant wealth gap between white and black households, even among homeowners. Recent research suggests that the way houses are valued could play a role in exacerbating this inequality.
What is the cause of this problem? How can it be fixed? On August 5th, the NAR panelists listed below took an in-depth look at the issue and presented solutions that uphold a fair and equitable system for property valuation.
4:00 p.m. – 4:05 p.m.
Vince Malta, NAR President 2020
4:05 p.m. – 4:20 p.m.
Racial Discrimination in Property Valuation
Andre M. Perry, Fellow, Brookings Institute
4:20 pm – 4:35 pm
Skills and limitations of real estate valuation according to today's rules
Craig Morley, Managing Partner, Accurity Valuation / Morley & McConkie, LC
4:35 pm – 4:50 pm
Possible ways and means to remove discriminatory barriers to housing
Elizabeth Peetz, Esq., Vice President of Government Affairs, Colorado Association of REALTORS®
4:50 p.m. – 5:00 p.m.
questions and answers
Michael Neal, Senior Research Associate, Housing Finance Policy Center, The Urban Institute
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Vince Malta, a REALTOR® in San Francisco, California, is 2020 President of the National Association of REALTORS®.
Vince is a third generation REALTOR® and CEO and Realtor of Malta & Co., Inc. Vince has been in the real estate business for 43 years and has served the industry in a myriad of roles.
At the national level, Vince has testified before Congress on behalf of NAR on issues such as the impact of increasing compliant credit limits, insurance reform and housing policy. He was a member of the NAR Board of Directors from 2002 to date and was Vice President for Government Affairs in 2010 and 2011.
Vince has been closely associated with the California Association of REALTORS® (CAR) since 1988. He became Honorary State Director for Life in 2002, and CAR elected him President in 2006. In 2007 it was named REALTOR® of the year for the state of California.
He is a graduate of the University of San Francisco and the University of San Francisco School of Law.
Andre M. Perry
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Andre M. Perry is a Fellow in the Brookings Metropolitan Policy Program, a fellow at American University, and a columnist for the Hechinger Report. He is the author of the new book Know Your Price: Assessing Black Lives and Property in America's Black Cities, which is currently available anywhere books are sold.
Perry is a nationally known and respected commentator on race, structural inequality, and education. He is a regular contributor to MSNBC and has been published by the New York Times, the Nation, the Washington Post, TheRoot.com, and CNN.com. Perry has also made appearances on CNN, PBS, National Public Radio, NBC, and ABC. His research focuses on race and structural inequality, education and economic inclusion. Perry's most recent fellowship at Brookings analyzed black majority cities and institutions in America, focusing on valuable assets worth investing more.
Since the beginning of the COVID-19 pandemic, Perry has been documenting the underlying causes of the oversized number of coronavirus-related deaths in black communities. His Brookings research has shown how certain forms of social distancing historically accelerated economic and social disparities between blacks and the rest of the country.
Prior to Brookings, Perry was a founding dean, professor, award-winning journalist, and education activist. In 2015, Perry served on the K-12 Education Transition Committee of Louisiana Governor-Elect John Bel Edwards and the transition team of New Orleans Mayor-Elect Mitch Landrieu as co-chair of Education in 2010. In 2013, Perry founded the college of Urban Education at Davenport University in Grand Rapids, Michigan. Prior to Michigan, he was Associate Professor of Educational Leadership at the University of New Orleans and CEO of the Charter Network at Capital One-University of New Orleans.
Perry is from Pittsburgh, Pennsylvania. He has his Ph.D. in educational policy and leadership from the University of Maryland College Park.
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Craig Morley is a Certified General Appraiser licensed in Arizona, Nevada, and Utah. With names from NAA and NAR. Craig was appointed to the Utah Appraiser Licensing and Appraisal Board by the Governor of Utah from 2004 to 2012, having chaired it for four of those years. Craig is the past president of the Washington County Board of Realtors, past president of the Utah Association of Realtors, and currently director of the National Association of Appraisers. He is currently also a member of the NAR Real Property Valuation Committee. Craig is a licensed real estate and appraisal and business valuation development instructor for the valuation of company values. Craig has been a full-time real estate appraiser since 1984 with experience valuing most types of commercial, residential, easements, and water rights. He also has experience in litigation assessment along with residential and business development. Craig qualified as a panelist in Utah and Nevada District Court and testified in Georgia, the US District Court, and federal bankruptcy courts.
Elizabeth A. Peetz Esq. Bio
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Liz Peetz is vice president of government affairs for the Colorado Association of REALTORS®. Ms. Peetz leads the Colorado Association of Realtors' political efforts and administers many of the government affairs functions. However, she specializes in policy development, advocacy, and legislative matters. She also oversees the CAR's Legislative Policy Committee and the process of candidate approval by the Colorado Association of REALTORS® Political Action Committee. Ms. Peetz is a licensed attorney in CO, NE and Washington D.C.
Prior to her current position, Ms. Peetz has more than 15 years of experience in government affairs and legal analysis in Washington DC and Colorado, with prior roles as an American. Contributor to Congress and serving in various business and nonprofit organizations focusing on health issues, legal counter-terrorism operations, litigation, democracy promotion, and civil society education.
Ms. Peetz grew up in Greeley, Colorado. She has a B.A. in International Affairs from CU-Boulder and a J.D. from Creighton University. She currently lives in Denver and is very active in the community as the director of the Young Lawyers Section of the American Bar Association. She is also a senior executive of the Junior League of Denver and LIFT Colorado, which recruits business-friendly candidates for the application office. She is also on the board of directors of the Common Sense Policy Institute.
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Michael Neal is a Senior Research Associate in the Housing Finance Policy Center at the Urban Institute. Michael previously worked at Fannie Mae, where he was Director of Economics in Economic and Strategic Research. Prior to Fannie, Michael was vice president, economic and housing policy, of the National Association of Home Builders. As a real estate economist, Michael has an in-depth understanding of real estate market trends and has provided media companies across the country with expert analysis and commentary on housing. Michael previously served on the Joint Economic Committee of Congress, the Federal Reserve System, the Congressional Budget Office, and Goldman Sachs. Michael holds a master's degree in public administration from the University of Pennsylvania and a bachelor's degree in economics from Morehouse College. He has also studied at Princeton University and St. Catherine & # 39; s College, University of Oxford.