lawrence, diane lawrence a attended the senior rally on may 8, and hopefully she will give that. i was not there at the meeting, i was out, excuse me for kind of stumbling over some of this stuff. >> thank you leon for stepping in. >> president serina: comments or questions, hearing none, move on. joint legislative committee report, diane lawrence. >> good morning, commissioners and director. now that i've been called on to discuss senior rally day, it was -- there were about 600 seniors from statewide, san bernardino county was the largest represented. they had gotten on the busses late the night before and traveled to sacramento. there were speakers from the legislature, from both houses, supervisor wiener, excuse me, state senator wiener spoke as did, i believe, assemblyman phil tang. those who spoke, spoke about their commitment to senior legislation and to seniors in california, and because they have realized that so many bills that impact seniors and their programs and funding go through so many varied committees, they put together a work group, if you will, from both house

lawrenc diane lawrence a attended the senior rally on may 8, and hopefully she will give that. i was not there at the meeting, i was out, excuse me for kind of stumbling over sof stuff. >> you leon for steg in. >> president serina: comments or questiear hg none mo on. joegislative committee report, diane lawrce. >> good morning, comminers and director. ow that i' beenalledn o to s sdiscusior rally day, it - tre were about 600 seniors fromstatewide, s bernardino county was t largest reesented. they had gotten on bses late the night before and traveled to sacramento. there were speakers from the legislature, from both ,hoes pervisor wiener, exc , state senie did believe, assemblymanphl tang. those who spoke, spoke about their commitment to atio a seniors in california, and because they bzed that so many that impact seniors and thei programs and funding gothrough so many varied coees,hey put togeth work group, if you will, from both houses, and from a number t ose stamline the process.ca were actually handed a template of all of the agencies that touched seniorssues and itookan li

. >> diane, stick around we have a guest we'dike to bring in >> sure. >> so, lawrence, you heard her well how can you sum up the state of the real estate -- not everybody invests in the stock market, some care about the real estate, sum up the state of the national real estate market right now. >> it's healthy but we do have that inventory problem healthny in a sense that the default rates are now reaching historical lows and the home value's rising and those people with good credit and necessary down payment and income they are able to buy and they are very pleased with the outcome but the first-time buyers, young millennials who want to buy they are facing affordability challenges from two front. rising interest rates and home prices outpacing people's income growth by a large margin. >> lawrence, we talked about the supply situation, you always say we need to get so many of those homes turned into rental back into the home sales market, those who bought them don't seem to be selling them and profiting off of them, do you expect that come into the seller's market. >> there was a ti