The Most Insightful Hour in CRE Part 19 with Dr. Peter Linneman
Willy was once again joined by Dr. Peter Linneman for “The Best Hour in CRE,” and they certainly covered a lot of ground. They discussed some of today’s hottest topics, including the impact that the election and policy objectives will have on the economy, consumer confidence, U.S. debt, inflation, cap rates, CPI, Peter’s Fed predictions, where we’re at in terms of economic recovery, back to office policies, hot markets, and much more. Key Points In The Webcast: 00:00 Introduction 06:07 Mortgage and employment: reality vs. perception 10:19 Oil drilling rates: Do we need more? 13:31 The causes of low consumer confidence 18:28 GDP and the correlation with political affiliation 22:01 Paying off all debt isn’t the answer 25:34 Should national debt concern us? 27:19 The demand for 10-year Treasuries 30:28 The impact on investing short-term vs. long-term 33:57 The facts on inflation 37:53 Correcting the Fed funds prediction 41:45 Above-trend sectors overheat the economy 45:32 Is empty space worth more than occupied ones? 47:32 Will the U.S. economy recover? 51:39 Rising office cap rates and reduction in multifamily 54:59 The recovery of office space has begun 58:14 How election outcomes will impact the economy 01:01:14 Credit cards: Increasing debt and demand 01:03:24 Dr. Linneman’s suggestion for viewers 01:04:19 Will there be three rate cuts? GET NOTIFIED about upcoming shows: » Subscribe to our YouTube channel here: https://www.youtube.com/channel/UC5jhzGBWOTvQku2kLbucGcw » See upcoming guests on the #WalkerWebcast here: https://www.walkerdunlop.com/webcasts Related webcasts: Tune in on Wednesdays for fresh perspectives about leadership, business, the economy, commercial real estate, and more! #WillyWalker hosts a diverse network of leaders as they share the wisdom that cuts across industry lines. Check out our previous videos: » Full playlist: https://www.youtube.com/playlist?list=PL_QkMqEzOkzNmWUe9kpfRJ4213jIh6LNk Apple Podcasts: https://podcasts.apple.com/us/podcast/driven-by-insight/id1540843402 Spotify: https://open.spotify.com/show/1z3wDGMAjtscNhKWJfXs7L Follow us: » LinkedIn: https://www.linkedin.com/company/walker-&-dunlop/ » Facebook: https://www.facebook.com/WalkerDunlop » Twitter: https://twitter.com/WalkerDunlop » Instagram: https://www.instagram.com/walkerdunlop/ POSTING POLICY: Please bear in mind that this is a public and professional platform. We’ll do our best to ensure that our postings on this page comply with our standards, which prohibit content that: • is abusive, defamatory, threatening, or obscene • is fraudulent, deceptive, or misleading • violates the copyright, trademark, patent, trade secret, right of privacy, right of publicity, or other intellectual property right of another • contains or links to any virus, worm, Trojan horse, or other forms of malware or harmful code • contains the personal information of others, such as names, addresses, and telephone numbers • violates any law or regulation • is otherwise offensive. We expect users not to post content that violates our standards. We cannot monitor postings or discussions in advance, but we reserve the right to remove any posting that does not meet our standards. #CRE #walkerwebcast source
Women In Leadership: A Unified Voice
On a special episode of the Walker Webcast, we showcased highlights from noteworthy episodes featuring remarkable women in leadership. We heard from: Christina Wallace, Senior lecturer at Harvard Business School Frances Frei, Professor of Technology and Operations Management at Harvard Business School Ginni Rometty, Former Chairman and President & CEO of IBM, Co-Chair at OneTen Gloria Steinem, Writer, lecturer, political activist, and feminist organizer Julia Boorstin, CNBC’s Senior Media & Tech Correspondent, author of “When Women Lead” Mary Erdoes, J.P. Morgan’s CEO of Asset and Wealth Management Stephanie Linnartz, Former CEO of Under Armour These trailblazing leaders shared their stories and insights, empowering others to chase their dreams, overcome challenges, and achieve success. Key Points In The Webcast: 00:00 Introduction 00:44 How Ginny Rometty embraced risk for growth 04:00 Discomfort creates learning 05:31 Frances Frei’s leadership rooted in empowerment 07:54 Balancing high standards and helping others succeed 10:00 How Stephanie Linnartz supports female athletes 12:30 Julia Boorstin on women’s challenges in corporate America 17:18 Why is equality in leadership roles needed? 19:19 Using data to reduce bias 21:00 Gloria Steinem on self-esteem and gender roles 24:28 The power of linking versus ranking 26:02 Ginny Rometty’s steps to a more inclusive workplace 27:12 Why you should hire for skills, not degrees 29:41 Christina Wallace’s strategy in building your dream life 32:17 Stepping back from the cult of ambition 36:40 Julia Boorstin on empathy to gauge consumer needs 40:07 Mary Erdoes on the shared sentiment of the current market 43:00 Thoughts on risk management 47:55 Gloria Steinem’s lifelong activism 51:04 How Gloria Steinem integrates her story into her cause 53:28 Choosing between giving birth to oneself 56:57 Why Frances Frei applied to 17 schools 59:23 How three big companies reliably delight customers GET NOTIFIED about upcoming shows: » Subscribe to our YouTube channel here: https://www.youtube.com/channel/UC5jhzGBWOTvQku2kLbucGcw » See upcoming guests on the #WalkerWebcast here: https://www.walkerdunlop.com/webcasts Related webcasts: Tune in on Wednesdays for fresh perspectives about leadership, business, the economy, commercial real estate, and more! #WillyWalker hosts a diverse network of leaders as they share the wisdom that cuts across industry lines. Check out our previous videos: » Full playlist: https://www.youtube.com/playlist?list=PL_QkMqEzOkzNmWUe9kpfRJ4213jIh6LNk Apple Podcasts: https://podcasts.apple.com/us/podcast/driven-by-insight/id1540843402 Spotify: https://open.spotify.com/show/1z3wDGMAjtscNhKWJfXs7L Follow us: » LinkedIn: https://www.linkedin.com/company/walker-&-dunlop/ » Facebook: https://www.facebook.com/WalkerDunlop » Twitter: https://twitter.com/WalkerDunlop » Instagram: https://www.instagram.com/walkerdunlop/ POSTING POLICY: Please bear in mind that this is a public and professional platform. We’ll do our best to ensure that our postings on this page comply with our standards, which prohibit content that: • is abusive, defamatory, threatening, or obscene • is fraudulent, deceptive, or misleading • violates the copyright, trademark, patent, trade secret, right of privacy, right of publicity, or other intellectual property right of another • contains or links to any virus, worm, Trojan horse, or other forms of malware or harmful code • contains the personal information of others, such as names, addresses, and telephone numbers • violates any law or regulation • is otherwise offensive. We expect users not to post content that violates our standards. We cannot monitor postings or discussions in advance, but we reserve the right to remove any posting that does not meet our standards. source
Trailblazing for an Equitable Future with Gloria Steinem
Willy sat down for an in-person interview with legendary feminist activist Gloria Steinem. She is best known as a pioneer of the women’s rights movement in the 1970s and has dedicated her life to promoting gender equality and social justice. She and Willy discussed anecdotes from her humble upbringing, the importance of bodily autonomy, major milestones of her life and career, the evolution of gender roles, what she’d tell her twenty-year-old self, and so much more. Watch or listen to the replay. If you have any comments or questions, please reach out to your main Walker & Dunlop point of contact. We are all available to answer questions and provide assistance. Additionally, if you have topics you would like covered during one of our future webcasts, we would be happy to take your suggestions. Key Points In The Webcast: 00:00 Introduction 02:33 Law & Order, education, and a life-changing NY encounter 08:53 Fighting for pro-choice rights and meeting Dr. Sharpe 12:50 Did someone influence your career? 14:24 “Giving birth to ourselves” and the truth about democracy 19:28 Women’s self-esteem: factors and importance 23:08 Finding one’s authentic voice 25:04 Starting and exiting Ms. Magazine 28:33 ChatGPT, Elon Musk, and making “too much” money 31:21 Any regrets about not starting a family? 33:11 Being a stepmother to Christian Bale 34:05 Friendships with Wilma Mankiller and Amy Richards 36:23 What makes Gloria Steinem tick? 39:14 We’re meant for connection, not competition 40:32 Where is the women’s rights movement headed? 43:26 What would Glora tell her 20-year-old self? 45:05 Is countermovement a threat? 46:29 Reflections on making an impact GET NOTIFIED about upcoming shows: » Subscribe to our YouTube channel here: https://www.youtube.com/channel/UC5jhzGBWOTvQku2kLbucGcw » See upcoming guests on the #WalkerWebcast here: https://www.walkerdunlop.com/webcasts/ Related webcasts: Tune in on Wednesdays for fresh perspectives about leadership, business, the economy, commercial real estate, and more! #WillyWalker hosts a diverse network of leaders as they share the wisdom that cuts across industry lines. Check out our previous videos: » Full playlist: https://www.youtube.com/playlist?list=PL_QkMqEzOkzNmWUe9kpfRJ4213jIh6LNk Podcast: Apple » https://podcasts.apple.com/us/podcast/driven-by-insight/id1540843402. Spotify » https://open.spotify.com/show/1z3wDGMAjtscNhKWJfXs7L Follow us: » LinkedIn: https://www.linkedin.com/company/walker-&-dunlop/ » Facebook: https://www.facebook.com/WalkerDunlop » Twitter: https://twitter.com/WalkerDunlop » Instagram: https://www.instagram.com/walkerdunlop/ POSTING POLICY: Please bear in mind that this is a public and professional platform. We’ll do our best to ensure that our postings on this page comply with our standards, which prohibit content that: • is abusive, defamatory, threatening, or obscene • is fraudulent, deceptive, or misleading • violates the copyright, trademark, patent, trade secret, right of privacy, right of publicity, or other intellectual property right of another • contains or links to any virus, worm, Trojan horse, or other forms of malware or harmful code • contains the personal information of others, such as names, addresses, and telephone numbers • violates any law or regulation • is otherwise offensive. We expect users not to post content that violates our standards. We cannot monitor postings or discussions in advance, but we reserve the right to remove any posting that does not meet our standards. source
The Most Insightful Hour in CRE Part 18 with Dr. Peter Linneman
Willy sat down for the 18th installment of the Most Insightful Hour in CRE with renowned economist Dr. Peter Linneman – live from Chicago. Even with inflationary pressure, a looming election, and geopolitical tensions at the forefront, Peter insists, “economies, especially as big as ours, are far more resilient than we think.” Where do Peter and Willy stand on some of today’s most important topics impacting the economy and CRE? Tune into the replay for an in-depth discussion on niche asset classes and specialty sectors, whether they believe office patterns have fundamentally changed in the U.S., Peter’s take on the possibility of a recession, election implications on the economy, geopolitical tensions and GDP growth, PCE predictions, the Fed’s next move, what it will take to get back to equilibrium in the housing market, and much more. Key Points In The Webcast: 00:00 Introduction 02:05 Catch-up on current CRE events 04:36 Single-family residence as a niche 07:09 Specialty products for housing 09:45 Office space: productivity data and what’s next 12:49 How Kastle systems are missing small employers 15:49 The mall crisis: Why talk about it? 19:45 The irony of real estate 23:59 The future of the banking sector 27:09 A more tempered look on industrial 30:16 The economic impact of a second Trump presidency 33:32 Ukraine war’s effect on the US economy 38:11 Should we expect real GDP growth? 43:03 Does the Israel-Palestine war affect the economy? 44:04 Why we should focus on consumer price index 48:08 The state of housing rent 49:44 How the elections and inflation will influence Americans moving 54:31 Getting single-family back to equilibrium 59:24 Overview of predictions for next quarter GET NOTIFIED about upcoming shows: » Subscribe to our YouTube channel here: https://www.youtube.com/channel/UC5jhzGBWOTvQku2kLbucGcw » See upcoming guests on the #WalkerWebcast here: https://www.walkerdunlop.com/webcasts Related webcasts: Tune in on Wednesdays for fresh perspectives about leadership, business, the economy, commercial real estate, and more! #WillyWalker hosts a diverse network of leaders as they share the wisdom that cuts across industry lines. Check out our previous videos: » Full playlist: https://www.youtube.com/playlist?list=PL_QkMqEzOkzNmWUe9kpfRJ4213jIh6LNk Apple Podcasts: https://podcasts.apple.com/us/podcast/driven-by-insight/id1540843402 Spotify: https://open.spotify.com/show/1z3wDGMAjtscNhKWJfXs7L Follow us: » LinkedIn: https://www.linkedin.com/company/walker-&-dunlop/ » Facebook: https://www.facebook.com/WalkerDunlop » Twitter: https://twitter.com/WalkerDunlop » Instagram: https://www.instagram.com/walkerdunlop/ POSTING POLICY: Please bear in mind that this is a public and professional platform. We’ll do our best to ensure that our postings on this page comply with our standards, which prohibit content that: • is abusive, defamatory, threatening, or obscene • is fraudulent, deceptive, or misleading • violates the copyright, trademark, patent, trade secret, right of privacy, right of publicity, or other intellectual property right of another • contains or links to any virus, worm, Trojan horse, or other forms of malware or harmful code • contains the personal information of others, such as names, addresses, and telephone numbers • violates any law or regulation • is otherwise offensive. We expect users not to post content that violates our standards. We cannot monitor postings or discussions in advance, but we reserve the right to remove any posting that does not meet our standards. source
Q&A with Willy Walker
How have Willy Walker’s parents shaped the man that he is today? Subscribe to out channel for more video like this and visit our website, www.WalkerDunlop.com, for the full episodes. #RealEstate #CRE #Insights #WeAreWD source
Housing Market – Correction or Crash? with Ivy Zelman
Willy was once again joined by one of the most respected voices in the housing industry, W&D’s Hall of Fame housing market analyst and executive vice president and co-founder of Zelman & Associates, Ivy Zelman. She and Willy discussed rising home prices and affordability challenges, her outlook on multifamily inventory and rent growth, rate cuts, widening spreads, land prices and accessibility, housing supply constraints, the role of manufactured housing in the affordable housing crisis, her overall macro-outlook on housing over the next 5-10 years and where she’s seeing real opportunity, the overallocation of institutional capital to multifamily and industrial, and much more. Key Points In The Webcast: 00:00 Introduction 03:04 The state of the housing market 05:32 Home affordability: Where is it heading? 09:40 The cost of built-for-rent vs. home ownership 11:22 Rent rates after new BFR and SFR supply 12:24 The factors that affect rent growth 14:24 CPI print: How it will Fed rates and projections 17:25 Will the 10-year get lower? 20:18 Cash market: Pre-pandemic growth to today 21:20 Is the huge growth in inventory sustainable? 23:20 Public vs. private homebuilders: Market share 25:24 Will land prices continue to go up? 27:16 New home sales: Data and predictions 29:10 Will technology lower construction cost? 30:33 Should NIMBYism be a concern? 32:35 More buyer financing by public homebuilders 35:00 Savings rate vs. single-family home appreciation 36:34 General outlook on multi-family housing 39:19 Will completed housing be absorbed quickly? 42:28 Housing predictions for the next 5-10 years 44:33 Where are the opportunities right now? 47:39 Public multi-family: Potential market share growth 48:52 What prevails post-pandemic and post-GFC GET NOTIFIED about upcoming shows: » Subscribe to our YouTube channel here: https://www.youtube.com/channel/UC5jh… » See upcoming guests on the #WalkerWebcast here: https://www.walkerdunlop.com/webcasts Related webcasts: Tune in on Wednesdays for fresh perspectives about leadership, business, the economy, commercial real estate, and more! #WillyWalker hosts a diverse network of leaders as they share the wisdom that cuts across industry lines. Check out our previous videos: » Full playlist: https://www.youtube.com/playlist?list… Apple Podcasts: https://podcasts.apple.com/us/podcast… Spotify: https://open.spotify.com/show/1z3wDGM… Follow us: » LinkedIn: https://www.linkedin.com/company/walk… » Facebook: https://www.facebook.com/WalkerDunlop » Twitter: https://twitter.com/WalkerDunlop » Instagram: https://www.instagram.com/walkerdunlop/ POSTING POLICY: Please bear in mind that this is a public and professional platform. We’ll do our best to ensure that our postings on this page comply with our standards, which prohibit content that: • is abusive, defamatory, threatening, or obscene • is fraudulent, deceptive, or misleading • violates the copyright, trademark, patent, trade secret, right of privacy, right of publicity, or other intellectual property right of another • contains or links to any virus, worm, Trojan horse, or other forms of malware or harmful code • contains the personal information of others, such as names, addresses, and telephone numbers • violates any law or regulation • is otherwise offensive. We expect users not to post content that violates our standards. We cannot monitor postings or discussions in advance, but we reserve the right to remove any posting that does not meet our standards. source
Climbing the Ladder with Doug Yearley
Willy was joined by Doug Yearley, Chairman and CEO of Toll Brothers, one of the nation’s leading luxury home builders. He and Willy discussed how he climbed the ranks at Toll Brothers, lessons learned from his mentor Bob Toll, the importance of marketing and branding, the secret to the company’s high retention rate, what we can expect to see from the company in the future, and so much more. Watch or listen to the replay. If you have any comments or questions, please reach out to your main Walker & Dunlop point of contact. We are all available to answer questions and provide assistance. Additionally, if you have topics you would like covered during one of our future webcasts, we would be happy to take your suggestions. Key Points In The Webcast: Climbing the Ladder with Doug Yearley 00:00 Introduction 01:55 Willy introduces Doug Yearley 02:18 Homebuilding runs in the family 06:45 900 Monday nights with Robert Toll changed his life 09:22 Best lessons from land deals with Robert Toll 12:08 Growing GFC and stepping into Toll Brothers 17:29 How important is branding? 20:14 How Toll Brothers customize their homes 25:58 What’s causing constraints in housing supply? 30:35 Catering to the luxury market 33:06 Being the 6th best product in the world 36:17 Increasing retention and cultivating a healthy culture 40:19 Tempering competitiveness with discipline 43:45 Are prefab homes a possibility? 46:25 Toll Brothers’ strategy in an ever-changing market 51:38 The future of housing and Toll Brothers GET NOTIFIED about upcoming shows: » Subscribe to our YouTube channel here: https://www.youtube.com/channel/UC5jhzGBWOTvQku2kLbucGcw » See upcoming guests on the #WalkerWebcast here: https://www.walkerdunlop.com/webcasts/ Related webcasts: Tune in on Wednesdays for fresh perspectives about leadership, business, the economy, commercial real estate, and more! #WillyWalker hosts a diverse network of leaders as they share the wisdom that cuts across industry lines. Check out our previous videos: » Full playlist: https://www.youtube.com/playlist?list=PL_QkMqEzOkzNmWUe9kpfRJ4213jIh6LNk Podcast: » Driven By Insight: https://podcasts.apple.com/us/podcast/driven-by-insight/id1540843402. Follow us: » LinkedIn: https://www.linkedin.com/company/walker-&-dunlop/ » Facebook: https://www.facebook.com/WalkerDunlop » Twitter: https://twitter.com/WalkerDunlop » Instagram: https://www.instagram.com/walkerdunlop/ Subscribe: » Newsletters: https://explore.walkerdunlop.com/subscribe POSTING POLICY: Please bear in mind that this is a public and professional platform. We’ll do our best to ensure that our postings on this page comply with our standards, which prohibit content that: • is abusive, defamatory, threatening, or obscene • is fraudulent, deceptive, or misleading • violates the copyright, trademark, patent, trade secret, right of privacy, right of publicity, or other intellectual property right of another • contains or links to any virus, worm, Trojan horse, or other forms of malware or harmful code • contains the personal information of others, such as names, addresses, and telephone numbers • violates any law or regulation • is otherwise offensive. We expect users not to post content that violates our standards. We cannot monitor postings or discussions in advance, but we reserve the right to remove any posting that does not meet our standards. source
Most Insightful Hour in CRE Part 16
Willy was once again joined by Dr. Peter Linneman for the Most Insightful Hour in CRE. Peter nailed his 2023 predictions – so what is he forecasting for the year ahead? Tune in for highlights from the latest Linneman Letter (https://www.linnemanassociates.com/the-linneman-letter) including Peter’s outlook for 2024, the state of the economy, housing and auto supply, federal and consumer debt, property plays, and much more. Watch or listen to the replay. If you have any comments or questions, please reach out to your main Walker & Dunlop point of contact. We are all available to answer questions and provide assistance. Additionally, if you have topics you would like covered during one of our future webcasts, we would be happy to take your suggestions. Key Points In The Webcast: 00:00 Introduction 01:43 2023 Commercial real estate recap 04:41 Should we cut interest rates in 2024? 08:32 Factors behind a tightening supply chain cycle 11:28 Is the Fed wanting unemployment? 15:53 More housing development vs. more auto production 18:40 The why of the decreasing housing supply and rising prices 23:33 Federal and consumer debt: A big deal? 32:07 Increased insurance spending: Should we be worried? 33:57 Rising credit card usage and its issues 38:10 Debt service ratio and canary numbers 41:56 The biggest investing mistake you could make 45:27 Does a bad capital structure mean an investing opportunity? 51:24 The top in-demand asset classes: where is multifamily heading? 55:14 The Linneman construction cost, hospitality, and industrial 58:22 Will weight-loss drugs save healthcare spending? 59:42 2024 predictions: Rate cuts, equity market, and November elections GET NOTIFIED about upcoming shows: » Subscribe to our YouTube channel here: https://www.youtube.com/channel/UC5jhzGBWOTvQku2kLbucGcw » See upcoming guests on the #WalkerWebcast here: https://www.walkerdunlop.com/webcasts/ Related webcasts: Tune in on Wednesdays for fresh perspectives about leadership, business, the economy, commercial real estate, and more! #WillyWalker hosts a diverse network of leaders as they share the wisdom that cuts across industry lines. Check out our previous videos: » Full playlist: https://www.youtube.com/playlist?list=PL_QkMqEzOkzNmWUe9kpfRJ4213jIh6LNk Podcast: » Driven By Insight: https://podcasts.apple.com/us/podcast/driven-by-insight/id1540843402. Follow us: » LinkedIn: https://www.linkedin.com/company/walker-&-dunlop/ » Facebook: https://www.facebook.com/WalkerDunlop » Twitter: https://twitter.com/WalkerDunlop » Instagram: https://www.instagram.com/walkerdunlop/ Subscribe: » Newsletters: https://explore.walkerdunlop.com/subscribe POSTING POLICY: Please bear in mind that this is a public and professional platform. We’ll do our best to ensure that our postings on this page comply with our standards, which prohibit content that: • is abusive, defamatory, threatening, or obscene • is fraudulent, deceptive, or misleading • violates the copyright, trademark, patent, trade secret, right of privacy, right of publicity, or other intellectual property right of another • contains or links to any virus, worm, Trojan horse, or other forms of malware or harmful code • contains the personal information of others, such as names, addresses, and telephone numbers • violates any law or regulation • is otherwise offensive. We expect users not to post content that violates our standards. We cannot monitor postings or discussions in advance, but we reserve the right to remove any posting that does not meet our standards. source
Redefining Real Estate in the Digital Age with Marc Ganzi
It’s all about data! Marc Ganzi, Chief Executive Officer of DigitalBridge, discusses technology, AI, and why the U.S. has a competitive advantage on the #WalkerWebcast. Check out the full episode to hear more https://youtu.be/5sKPnqtOnVs?si=J1ggKo0_0e3vjtWu. source
Investing in the Post-Modern Cycle with Peter Oppenheimer
On this Walker Webcast, Willy was joined by Peter Oppenheimer, chief global equity strategist for Goldman Sachs. He is also the author of Any Happy Returns: Structural Changes and Super Cycles in Markets, which analyzes the complex factors impacting structural changes in financial markets and investor opportunities. He and Willy discussed the difference between market cycles and longer-term structural trends (what he refers to as “Super Cycles”), secular trends like AI and decarbonization that are shaping the emerging Post-Modern Cycle, the biggest opportunities and risks investors should be thinking about, and so much more. source