Gray Report Podcast/Video: What Could A New Fed Chair Mean For Multifamily?
The Federal Reserve sets the price of money — and money sets the price of real estate.
In this episode of The Gray Report, Spencer Gray breaks down what Kevin Warsh’s nomination as the next Fed Chair could mean for:
- Interest rates
- The 10-Year Treasury
- Cap rates Multifamily valuations
- Inflation expectations
- Long-term asset pricing
If long-term bond yields stay elevated, what happens to apartment pricing?
We also cover:
- IRR vs. Equity Multiple (explained simply)
- Updated 2026 multifamily supply forecasts
- Negative net absorption in Q4
- Why oversupply persists in certain markets
- The role of AI and macro uncertainty
- Bitcoin and asset pricing shifts In a rapidly changing macro environment, multifamily remains grounded in one fundamental truth: people need a place to live.
Understanding how policy flows into pricing is the key to long-term investing success.
Listen to the latest episode of The Gray Report Podcast and stay up to date on the most important news and research in the multifamily industry, commercial real estate, and the economy.
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