economicpodcast

Insulated by an influx of money, talent and ambition, Florida's economy will fare better than most states in a downturn. While many experts are predicting a "soft landing", Fifth Third Commercial Bank Chief Economist Jeff Korzenik isn't celebrating yet, and cautions business owners to be on guard. In this download, Korzenik tells TBBJ Editor Alexis Muellner why we need to be careful, and how we can overcome the tight labor market, which will likely last for another decade.

Expectations of lower mortgage interest rates this fall are no longer in the forecast and it appears Q4 of 2023 and at least the first half of 2024 will continue to be challenging for real estate professionals. So what should you be doing now to prepare for the next cycle? And when will the market bounce back? In this download, WFG Chairman & Founder Patrick Stone offers his advice for the here & now, and a forecast for the future.

In spite of dire predictions last year of another real estate market crash, home prices remain stable, competition is fierce is some markets, and consumers are adjusting to higher mortgage interest rates. WFG Chairman & Founder Patrick Stone remains one of the few voices of reason in the real estate industry, and correctly forecast the market we're in now. In this episode, he sets the record straight on today's sensational headlines, and offers advice to industry professionals. 

A pandemic, massive stimulus, supply chain issues, inflation, and a significant shortage of human capital. It really is "different this time" as the Federal Reserve ratchets interest rates higher in hopes of cooling off the economy without triggering the dreaded "R" word. In this episode, JBJ Editor in Chief Tim Gibbons sits down with Atlanta Fed President Raphael Bostic and Jacksonville Regional Executive Chris Oakley for their candid insight on where the economy is headed.

In the opening download of this riveting two-part conversation, FNF's Chuck Cain welcomes industry insider and veteran Dave Stevens for a candid take on the real estate industry. In his 40-year career, Stevens has seen and done it all, as a top loan originator, CEO of the Mortgage Bankers Association, and Federal Housing Commissioner. Stevens doesn't pull any punches when it comes to The Fed, mounting compliance concerns, and the real estate industry's slow adoption of technology. 

The spring real estate season has arrived but there hasn't been much change in market conditions. Mortgage rates are still higher than most consumers would like, housing inventory remains low, and until we see a significant uptick in construction these market conditions will hold. How long until things get moving again? What concerns are there in the meantime? In this episode, WFG Chairman & Founder Patrick Stone offers insight and direction.

On the eve of his team's return to the Stanley Cup Finals, with an opportunity for a rare three-peat on ice, business leader, philanthropist and Lightning owner Jeff Vinik joins us. In this episode hosted by TBBJ Real Estate Editor Ashley Gurbal Kritzer, Vinik provides an update on his real estate developments and tells us why Tampa Bay will weather an economic downturn better than most cities.

Inflation and high gas prices are impacting consumer spending habits. Mortgage rates have spiked to their highest levels since 2008. Supply chains are still impacted by lockdowns in China, and Russia's war on Ukraine has rocked the commodities market. Now, as the Fed raises rates to fight inflation, what will the impact be on the housing market? For that answer and much more, we call on WFG Founder & Executive Chairman Patrick Stone's perspective.

Rising mortgage interest rates grab headlines, but that's not the only thing real estate professionals are adjusting to. Information security is also top of mind as regulators and lenders require title agents big & small to secure their data. Real estate brokers will also be impacted if they fail to comply with strict security measures. In this episode, FNF's Chuck Cain welcomes industry veteran James O'Donnell, President of Equity National Title which operates nationally. Jim shares his experience and outlook on the future of the industry.

WFG Founder and Executive Chairman has seen it all in his 40+ years in the real estate industry. But even the veteran industry expert admits he's never seen anything like we're experiencing in 2022. Russia's invasion of Ukraine, inflation, and Fed rate hikes are creating a conundrum for economists with no consensus on the outlook. In this episode, Stone shares what he's watching, potential scenarios, and his latest forecast on interest rates in the year ahead. Also, an update on the commercial retail, office and multifamily sectors.

With property values continuing to climb across the country, and a surge of buyers searching for homes as interest rates slowly rise, experienced appraisal technology and teams are critical. In this episode, we welcome Sean Pyle, President of WFG-owned appraisal management company and property valuation service provider Valutrust Solutions. Pyle discusses industry trends, and potential changes that could ultimately have a positive impact on valuations and closing timelines.

The solutions to global poverty can appear obvious, even if they’re difficult to implement. But, as University of Chicago economist Michael Kremer has discovered, interventions that may seem like common sense can actually be wrong.

In 2019, Kremer won a Nobel Prize for his work studying ways to alleviate global poverty. A pioneer in the use of randomized control trials in economics, Kremer has examined poverty interventions like scientists do medical treatments—putting interventions through a trial to isolate effects. Kremer’s studies often reveal surprising and counterintuitive ways of fighting global poverty and have radically altered thousands of lives.