State of CRE with Kris Mikkelsen, EVP of Investment Sales, Aaron Appel, SMD of Capital Markets, and Ivy Zelman, EVP of Research & Securities

1

Introduction

00:00 • 2min

2

The Strength of Home Builder Stocks Year to Date

01:42 • 3min

3

The Housing Market's Benefits From Relocation Buyers

04:17 • 2min

4

The Future of the Multifamily Investment Sales Market

06:47 • 3min

5

The Fed's Tightening of the Cap Costs

10:01 • 3min

6

The Non-Multicos Market

12:53 • 2min

7

The Housing Market: A Different Ecosystem

14:58 • 2min

8

The Role of Management in the Mortgage Industry

17:16 • 2min

9

The Importance of Being a Stock Picker Market

18:54 • 3min

10

Cap Rates Adjusted to 472 Mark

22:10 • 2min

11

The Mile High Deal

23:47 • 2min

12

How to Find Positive Leverage on Retail Credit

26:12 • 2min

13

The Fed's Decision to Cut the Short Term Credit Rate

27:58 • 4min

14

The Deceleration of Fundamentals in the Economy

31:32 • 2min

15

The Fed's Struggle to Cut Rates

33:15 • 2min

16

The Risk of Delays in Flights

35:08 • 2min

17

The Banking Crisis and the Need for TARP 2

36:56 • 4min

18

The Risk of Investing in a Construction Loan

40:49 • 2min

19

The Fed Pretending to Unemployment

43:08 • 2min

20

The Dow Closed at 33 500 and the 10 Year Closed at 350 Today

45:32 • 2min

21

Bitcoin's Future

47:14 • 2min

22

Optimism in the Stock Market

48:59 • 3min