Willy sat down with Dr. Peter Linneman for another installment of the Most Insightful Hour in CRE, sharing Peter’s latest outlook on the economy, capital markets, and where he sees the biggest risks and opportunities.<br><br>They explored why debt capital has largely returned while equity remains cautious, whether AI investment resembles the housing boom of the 2000s, why Peter believes many investors are still too pessimistic on the economy, and how federal debt, inflation, tariffs, and the Fed could shape markets over the next several quarters. Peter separates headlines from fundamentals to explain what investors should really be watching.<br>Learn more about your ad choices. Visit megaphone.fm/adchoices

Dr. Peter Linneman, Leading Economist, Professor Emeritus, The Wharton School of Business - Part 26

The Walker Webcast

Walker & Dunlop brings you insights for life, unique perspectives from impactful leaders. This is The Walker Webcast with Willy Walker.

Welcome to the most insightful hour in CRE, The Walker Webcast with Dr. Peter Linneman, episode number 26. Peter, great to see you my friend. Hard to believe we're old enough to do 26 episodes, isn't it? No, it's so good. It's such a joy. It's such an honor.

You and I have just recently seen one another in Chicago at the Bennett Zell Classic, which pulled together, excluding myself, 75 of the most influential and successful owner operators in the commercial real estate industry. It was all under Chatham House rules, Peter. So we won't attribute any of our comments to specific people or companies.

But what was your take on the discussion we had in Chicago about a month ago? Several. The economy is not so bad, but it's not spectacular. Debts back, equity isn't. So take, for example, in your world, you could have a development or an acquisition that pencils for Fannie or Freddie, but you might have a hard time still finding the equity for it.

But the debt's back. Data centers and AI are really exciting. We'll find out how long they're exciting for, but they're definitely exciting right now. Capital still isn't back in general for real estate. Probably why?

No one said exactly these words, but why do I do anything for an 8% when I can get 8% in a minute on SpaceX? You know, sort of that spirit. I'm overstating it, obviously. Yeah, but jump in on that for a second. There seem to be a lot of FOMO in the room. Here are 75 people who've done fantastically well as commercial real estate owner, operators and developers.

Dr. Peter Linneman, Leading Economist, Professor Emeritus, The Wharton School of Business - Part 26

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Dr. Peter Linneman, Leading Economist, Professor Emeritus, The Wharton School of Business - Part 26

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.