Interest rates, tariffs and recession talk can all be intimidating subjects for business leaders. That is, unless they know how to stay ahead of the game with proper planning for a variety of scenarios, whether good or not so much.
In Part 2 of October Research Chief Knowledge Officer Mary Schuster’s interview with Bill Conerly, founder of Conerly Consulting, on the Keys to Real Estate podcast, the two industry veterans dug in deep to discuss what business leadership really needs to understand about the current state of the economy.
What can we in the real estate game learn from companies that have weathered past economic storms? They discussed the importance of building strong foundations for a future that could look very different from the present.
“When the Federal Reserve changes interest rates, they do not change mortgage rates directly,” Conerly said. “They change a short-term rate, an overnight rate. And that tends to affect things like the 10-year treasury bond, a long-term rate, but it’s still government.”
They also addressed what retention and recruiting strategies might look like as the labor market gets smaller in the years ahead and artificial intelligence becomes a massive potential driver of productivity.
There are many challenges and opportunities awaiting business leaders and Conerly tackled a large swath of them in this episode.