Posts tagged Dr. Peter Linneman
“Wall Street is in a panic, supposedly worried about a rising dollar, slowing Chinese growth, plummeting oil prices, a U.S. recession, and increasing interest rates. While these supposed rationales are more cover stories than real reasons, this panic caused stock prices to fall by 12% between year-end 2015 and February 11th, hitting a low not seen for two years. And as Wall Street jitters caused a flight to safety, 10-year Treasury yields fell by 20 bps and mortgage spreads widened by 100-200 bps. In addition, nervous lenders pulled back on mortgage origination growth, especially for commercial mortgagebacked securities (CMBS), and loan proceeds fell by 5-10%.
Yet while Wall Street is in a complete tizzy, Main Street continues to move forward: consumer confidence remains largely unchanged near its historical average; the economy continues to add jobs at a healthy pace; wages are growing faster than inflation; unemployment claims are low; the unemployment rate and the duration of unemployment are falling; and consumer spending remains solid. Thus, while Wall Street fears apocalypse, Main Street merrily dances onward.
This disconnect raises the question, “Who is right: Wall Street or Main Street?”
To find out the answer and read the rest of the excerpt, CLICK HERE.
NAI/Merin Hunter Codman’s executives, brokers and staff are back in the saddle after attending our annual NAI Florida Forum and NAI Florida Chapter Meeting which took place October 27-28, 2015 in the Treetop Ballroom of Miami’s Jungle Island. Although, the NAI Chapter Meeting offered a fantastic opportunity to collaborate and learn from our fellow NAI Global, NAI Latin America and NAI Florida members, I must admit this year’s Second Annual NAI Florida Forum stole the show.
The NAI Florida Forum is quickly becoming “the” annual economic event of South Florida. Dr. Charles Bohl, an associate professor and the director of the graduate program in Real Estate Development and Urbanism (MRED+U) at the University of Miami’s School of Architecture, welcomed a packed house of local, national and international business leaders, as well as commercial real estate professionals. Dr. Bohl, who is also an accomplished author and current chair of ULI Southeast Florida/Caribbean District Council, focused on mixed-use development, placemaking and community building in Florida, the US and abroad.
Next, Al Lewis, of the South Florida Business Journal lead, our very own, local expert, and NAI/Merin Hunter Codman, Chairman Neil E. Merin, SIOR, CCIM in an vibrant and insightful panel discussing the current state and future projections of the Latin America, Miami-Dade, Broward and Palm Beach Counties’ real estate markets.
Following our vivacious panel, was my favorite part of the NAI Florida Forum (sorry, Neil), keynote speaker Dr. Peter Linneman. Dr. Linneman is the principal of Linneman Associates, the CEO and founder of American Land Fund and of KL Realty, and the chief economist of NAI Global. Within the first 30 seconds of his presentation, Dr. Linneman captured the audience with his fresh and perceptive take on how the current national economic trends and predicted future outcomes, affect our local markets today and tomorrow.
NAI/Merin Hunter Codman is very fortunate to have been a part of this dynamic industry event and we would like to thank all of those who helped make this event a success. A very heartfelt thank you to our generous sponsors, fellow-event underwriters (NAI Global, NAI Miami and NAI Rauch Weaver Norfleet Kurtz & Co.), and most importantly, Jackie Larkin, NAI Miami’s marketing manager and her assistant extraordinaire, Elizabeth Calderin for all of their hard work in planning such a successful event. We’re looking forward to next year!
CLICK HERE to get the answers to those questions in an excerpt from the Spring 2015 issue of The Linneman Letter by Dr. Peter Linneman, PhD, Chief Economist at NAI Global and Principal of Linneman Associates.
NAI Global released Dr. Peter Linneman’s most recent white paper. The topics included by this paper include:
- Is it the growth that fuels U.S. real estate development? Why?
- Why does the U.S. still have tremendous growth potential due to pent-up demand?
- Why do large cities tend to be attractive?
- What is the single most important factor in determining future population growth?
Please click here to view and download the white paper, “Where Will U.S. Population Growth Occur? A Glimpse at 2020 and 2030″.