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Susan Wachter, Wharton Professor of Real Estate, joins the show to look back on the real estate market in 2024 and what to expect in 2025. Hosted on Acast. See acast.com/privacy for more information.
Listen in to this episode of Special Briefing as Bill Glasgall of the Volcker Alliance, Susan Wachter of the Penn Institute for Urban Research (Penn IUR), and our panel of experts discuss the year ahead for America's states and municipalities. Fiscal 2025 will be an especially consequential one, with the Federal Reserve expected to cut interest rates for the first time in almost five years as inflation and the economy cool; the impending end of federal emergency pandemic aid; and, of course, the likely consequences of the November presidential and congressional elections. Our panel of experts includes Vikram Rai, head of municipal markets strategy, Wells Fargo; Jane Ridley, managing director and local government sector leader, S&P Global; Matthew Stitt, managing director, PFM's Management and Budget Consulting team, and former CFO, Philadelphia City Council; and Mark Zandi, chief economist, Moody's Analytics. Notable Quotes: “There's much to be optimistic about all the business formation that we've seen since the pandemic hit, and that generally means more innovation and more productivity gains. So if I were a prudent planner I would count on a 10-year treasury yield, which is the benchmark for all of the borrowing of state and local governments, but [I think we will be] somewhere around four to four and a half percent.” - Mark Zandi “S&P is projecting the same kind of expectation in terms of where the national economy is going, so that provides a stable spot for governments. And regardless of whether or not it is a strong economy or a weak one, proactive management and strong governance is really what we see across this sector too.” - Jane Ridley “A lot of local governments have had their sights on the dwindling of federal funds. They're coming up with newer baselines as we're starting to see what the recovery of downtown looks like after the pandemic, in terms of buildings and occupancy rates of commercial buildings – some of that is starting to be baked into projections going forward.” - Matt Stitt “There are worries about interest rate volatility or even a rate sell off. Because despite the fact that the cut is very large, the worry is that if inflation comes back because they cut too much too quickly, then there's a rate sell off, and that's why the market has to settle down. So these worries about a great volatility or a sell off could keep investors on the sidelines a little longer.” - Vikram Rai Be sure to subscribe to Special Briefing to stay up to date on the world of public finance. Learn more about the Volcker Alliance at: volckeralliance.org Learn more about Penn IUR at: penniur.upenn.edu Connect with us @VolckerAlliance and @PennIUR on Twitter, Facebook and LinkedIn Special Briefing is published by the Volcker Alliance, as part of its Public Finance initiatives, and Penn IUR. The views expressed on this podcast are those of the panelists and do not necessarily reflect the position of the Volcker Alliance or Penn IUR.
Wharton professor Susan Wachter joins the show to talk about what lies ahead for the U.S. housing and commercial real estate markets in 2024. Hosted on Acast. See acast.com/privacy for more information.
Wharton real estate professor Susan Wachter joins to show to offer predictions on the housing and commercial real estate markets. Hosted on Acast. See acast.com/privacy for more information.
After a year of rising mortgage rates and shortages in both supply and demand, the best option for prospective homebuyers and homeowners is to bide their time, says Wharton's Susan Wachter. Hosted on Acast. See acast.com/privacy for more information.
The Federal Reserve's fiscal policy is meant to curb inflation, but it has a countervailing effect of squeezing an already tight real estate market, according to Wharton's Susan Wachter. Hosted on Acast. See acast.com/privacy for more information.
Low interest rates and work-from-home trends bode well this year for home building and prices but much depends on how the Federal Reserve responds to rising inflation says Wharton's Susan Wachter. See acast.com/privacy for privacy and opt-out information.
Low interest rates and work-from-home trends bode well this year for home building and prices, but much depends on how the Federal Reserve responds to rising inflation, says Wharton's Susan Wachter.
Low housing inventory and bidding wars are forcing homebuyers to dig deeper to secure a mortgage. But is it worth it for first-time homebuyers to stretch their personal finances? Host J.R. Whalen discusses the question with two experts who have opposing views: Laurie Goodman of the Urban Institute and Susan Wachter of the Wharton School. Learn more about your ad choices. Visit megaphone.fm/adchoices
We're featuring a series this month called “2019: A Look Ahead” and continue with a look at the real estate markets. Mortgage interest rates are easing after rates passed five percent in 2018 for the first time in eight years, making consumers uncertain about either buying a new home or refinancing an existing loan. But at the same time, changes in the tax law hit mortgage interest deductions, home equity loans, and property tax deductions with a new state and local tax limit of $10,000. To further examine these effects, host Dan Loney talks with Susan Wachter, Professor of Real Estate and Finance at The Wharton School and Co-Director of the Penn Institute for Urban Research, and Benjamin Keys, an Assistant Professor in Wharton’s Real Estate Department, as well as a Faculty Research Fellow at the National Bureau of Economic Research. See acast.com/privacy for privacy and opt-out information.
Business Radio Special: The Great Recession: What's Changed in 10 years Part 1On September 15, 2008, Lehman Brothers declared bankruptcy which sent the stock market tumbling. The problems that started in the US soon spread to Europe. Several European nations, including Greece, Italy, Portugal and Spain, faced austerity to deal with their debt, and still face issues today. Wharton Finance Professor, JOAO GOMES, and ERIK JONES, Director of European and Eurasian Studies, Johns Hopkins University School of Advanced International Studies, join us to discuss how the European Union dealt with the recession and its lasting impact. Then, Iceland was the textbook case of the global banking crisis. Back then, the three biggest banks in Iceland had assets that were 14 times the national economic output of the country. At the height of the crisis Iceland's debt was close to 100% of GDP. Today that number is 24.1%. We look at how the country recovered and the risks it still faces with PHILIP NICHOLAS, Wharton Professor of Social Responsibility in Business and Professor of Legal Studies in Business, and THORVALDUR GYLFASON, a University of Iceland Economics Professor. Next, after Lehman Brothers collapsed and the stock market plunged, Congress passed a $700 billion bailout bill to save the US financial system. Corporations deemed "too big to fail" got help. President George W Bush and, after his inauguration in January. 2009, President Barack Obama worked with Congress on new regulations for financial institutions, including the Dodd-Frank Act. Wharton Legal Studies and Business Ethics professors PETER CONTI-BROWN and DAVID ZARING join us to discuss how the banks recovered from the recession and where things stand now with regulations. Finally, one of the most significant parts of the financial crisis in the US was the housing bubble. Banks were making home loans often without down payments to people who couldn't afford them. When the bubble burst, millions ended up in foreclosure and various metropolitan areas around the country, like Las Vegas, Modesto and Fort Meyers, found themselves in dire economic times. Rules were changed to make it a lot more difficult to qualify for a mortgage, with more stringent requirements on down payments. We look at the housing crisis and how things look today with SUSAN WACHTER, Wharton Professor of Real Estate and Finance, and BENJAMIN KEYS, Wharton School Real Estate professor and Faculty Research Fellow at the National Bureau of Economic Research. See acast.com/privacy for privacy and opt-out information.
- Dr. Susan Wachter, Real Estate and Finance Professor at Wharton School of Business - Please call 1-800-388-9700 for a free review of your financial portfolio
- Dr. Susan Wachter, Prof. of Real Estate and Finance at the Wharton School of Business - Please call 1-800-388-9700 for a free review of your financial portfolio
An interview with Susan Wachter, co-owner of Wachter Residential Care
- Dr. Susan Wachter, Professor of Real Estate & Finance at Wharton School Of Business - Please call 1-800-388-9700 for a free review of your financial portfolio
- Dr. Susan Wachter, Professor of Real Estate and Finance at Wharton School Of Business - Please call 1-800-388-9700 for a free review of your financial portfolio
- Dr. Susan Wachter, Professor of Finance and Business at the Wharton School Of Business - Please call 1-800-388-9700 for a free review of your financial portfolio
- Brad Holcomb of the ISM Manufacturing Survey Committee and Dr. Susan Wachter, Professor at the Wharton School of Business - Please call 1-800-388-9700 for a free review of your financial portfolio
- Dr. Susan Wachter, Wharton Real Estate Professor - Please call 1-800-388-9700 for a free review of your financial portfolio
Online real estate marketplace Zillow has brought to home buying and selling what a previous generation of travel websites provided to shoppers wanting to compare the prices of hotels rental cars and airline flights -- transparency. But finding data that is reliable across the board can be difficult according to Zillow CEO Spencer Rascoff. And the key is not just simply to offer the information Rascoff said during a recent conversation with Knowledge at Wharton and Wharton real estate professor Susan Wachter; it's about the level of accuracy gained from the various sub-models the company's software incorporates. (Video with transcript) See acast.com/privacy for privacy and opt-out information.
- Dr. Susan Wachter and Dr. Richard Green join Moe to review/preview the real estate market - Please call 1-800-388-9700 for a free review of your financial portfolio
- Dr. Susan Wachter, Wharton Real Estate Professor - Please call 1-800-388-9700 for a free mini financial plan
- Dr. Susan Wachter, Professor of Real Estate and Finance at the Wharton School of Business - Please call 1-800-388-9700 for a free review of your financial portfolio
Corporate earnings have surged and stocks have soared but the housing market is still weak. Interest rates remain low but are rising. Many countries' economies are perking up but a jump in commodities prices is producing inflation. Governments in the United States and Europe are wrestling with huge budget deficits and debt problems. For insight Knowledge at Wharton talks to Wharton professors Jeremy Siegel Franklin Allen and Susan Wachter. See acast.com/privacy for privacy and opt-out information.
Dr. Susan Wachter, Professor of Financial Management and Real Estate at the Wharton School at the University of Pennsylvania-The housing market is a catch-22 that needs to be resolved
Are Government Agencies Up To The Task? Anthony Downs, Brookings Institution, Moderator Panelists: Robert Van Order, University of Michigan Susan Wachter, University of Pennsylvania John Weicher, Hudson Institute Susan Woodward, Sand Hill Econometrics
Are Government Agencies Up To The Task? Anthony Downs, Brookings Institution, Moderator Panelists: Robert Van Order, University of Michigan Susan Wachter, University of Pennsylvania John Weicher, Hudson Institute Susan Woodward, Sand Hill Econometrics
October, 1, 2008. In this first Penn Press podcast, Eugenie Birch and Susan Wachter, editors of Growing Greener Cities: Urban Sustainability in the Twenty-First Century, discuss the environmental issues facing cities today.
When mortgage default rates started to climb earlier this year many experts thought the damage would be confined to the minority of issuers that had binged on subprime lending. It hasn't turned out that way. Consumer spending is off the credit crunch is spreading and the housing market is in a slump. ”The degree and the extent of the harm done were not expected. It surprised me. But the fact that this would end badly was not surprising ” says Wharton real estate and finance professor Susan Wachter. Wachter and colleague Richard K. Green trace the evolution of the home-financing market over the past decades in a new paper titled ”The Housing Finance Revolution.” See acast.com/privacy for privacy and opt-out information.