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Research Events

Not Your Typical Cycle: Where Does Real Estate Go From Here?

Federal Reserve Bank of Dallas

Co-sponsored by The Robert and Margaret Folsom Institute for Real Estate at Southern Methodist University and the Federal Reserve Bank of Dallas

Real estate markets face a number of challenges. Elevated mortgage rates have locked in existing homeowners, and new-home sales are meeting buyer demand to an unprecedented extent. Multifamily markets are contending with new supply and falling rents. Meanwhile, disruptive trends like remote work, surging e-commerce and industrial policy are playing out in different ways in office and industrial markets. This conference brought together industry analysts, economists and market experts to give their insights on the latest trends affecting residential and commercial real estate.


Session 1—Industrial and retail: Pockets of strength?

Session 2—Office: Is the pain over?

Session 3—Residential: Supply and affordability: Where we go from here?

Keynote—Economic outlook: Keeping a volatile cycle on track

Session 5—Financing: Challenges and opportunities


Wednesday, May 8
8:00 a.m.


8:30 a.m.

Opening remarks
Mark Wynne, Federal Reserve Bank of Dallas

8:40 a.m.

Session 1: Industrial and retail: Pockets of strength?
Moderator: Joseph Cahoon, Folsom Institute for Real Estate, Southern Methodist University
Jim Dillavou, Lincoln Property Co. | Presentation
Mary Hager, Greystar | Presentation
Terry Montesi, Trademark Property | Presentation
Will Mundinger, Crow Holdings Industrial | Presentation

9:55 a.m.

Session 2: Office: Is the pain over?
Moderator: Chuck Dannis
, National Valuation Consultants Inc.
Cody Armbrister, Crow Holdings
Eric Fleiss, Regent Properties
Jonas Woods, Woods Capital | Presentation

10:55 a.m.


11:05 a.m.

Session 3: Residential: Supply and affordability: Where we go from here?
Moderator: Luis Torres, Federal Reserve Bank of Dallas
Taylor Bowen, AMLI Residential
Ron Miller, Amherst | Presentation
Jay Parsons, Madera Residential | Presentation
Ali Wolf, Zonda | Presentation

12:15 p.m.

Keynote/lunch: Economic outlook: Keeping a volatile cycle on track
Julia Coronado, MacroPolicy Perspectives LLC | Presentation

1:40 p.m.

Session 4: Investing: Is it time to get back into real estate?
Moderator: Mark Roberts, SMU/Crow Holdings | Presentation
David Hansen, Property Reserve
Julie Ingersoll, CBRE
Daniel Kubiak, Invesco

2:45 p.m.

Session 5: Financing: Challenges and opportunities
Moderator: Anthony Murphy, Federal Reserve Bank of Dallas
Merrill Reynolds, SW Graduate School of Banking, SMU | Presentation
John Shackelford
Jamie Woodwell, Mortgage Bankers Association

3:45 p.m.

Closing remarks

For More Information

Please contact Sharon Wallace at