According to a recent article from Bloomberg, Federal Reserve Chair Jerome Powell said the US economy may be entering a 'new normal' following disruptions from the COVID-19 pandemic during a Fed Listens event in Washington last week. He outlined the "unusual set of disruptions'' the Fed is dealing with, and reiterated a commitment to help the economy through a "uniquely challenging period." The real question is, as warm and fuzzy as these 'Fed Listens' seem to be, do they have any effect on actual monetary policy? Is it a genuine attempt to listen to business and community leaders, or is simply an academic in good PR? As you might expect, Chris and Saied have some thoughts...
In today's episode of The Higher Standard, Chris and Saied take a deep-dive into real estate, particularly commercial real estate, covering subjects such as the recently raised Federal Funds Rate and some of the more obscure inner workings of multi-family and commercial real estate.
They explore an article from TheRealDeal.com stating that Keller Williams is looking to train their agents as wealth advisors going forward, and the implications of that kind of move on the real estate industry.
Chris and Saied look at mortgage rates and why they're very unlikely to come down in the near term, thanks to the current yield curve inversion that has been the precursor to nearly every recessionary economy in history.
They also discuss multi-family and commercial real estate issues, such as the definition of a 'loan amount,' why the barrier to entry in commercial real estate is so high, and how long it usually takes to close a multi-family deal.
If you have burning questions about commercial real estate, this is the episode you've been waiting for! Join Chris and Saied for this fascinating conversation.
Enjoy!
What You’ll Learn in this Show:
Resources:
"Keller Williams Aims to Train Agents as Wealth Advisors" (article from TheRealDeal.com)
"Powell says Economy May be Entering ‘New Normal’ After Pandemic" (article from Bloomberg)
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