The Walker Webcast Dr. Peter Linneman, Leading Economist, Professor Emeritus, The Wharton School of Business - Part 24
24 snips
Jan 29, 2026 
Dr. Peter Linneman, leading economist and Wharton Professor Emeritus, brings sharp, data-driven perspectives. They tackle Fed cut timing and why rates may fall sharply. They debate rent CPI mismeasurement and multifamily supply dynamics. AI's true impact on jobs and productivity gets a cautious look. Quick forecasts on oil, stocks, and real estate wrap up the conversation.
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Holiday Spending Revealed Real Demand
- December retail strength signaled consumers had money despite weak surveys.
- That retail data plus steady jobs shifted Peter Linneman's outlook from unclear to cautiously positive.
Prepare For Bigger Fed Cuts
- The Fed should cut at least 50 basis points to reach neutral and support growth.
- Expect the new Fed appointees to push for 75–100 bps of cuts over the year, accelerating stimulus.
CPI Rent Measures Mislead Rent Reality
- CPI rent measures misstate true market rent growth; owner-equivalent rent is unreliable.
- Linneman can't reconcile CPI's ~3.3% rent growth with most owners' actual rent experience.