Financing Perspectives - What's Changed, What's Here to Stay

Bird Anderson (Executive Vice President, Homebuilder Banking, Well Fargo Commercial Real Estate) provides updates and observations on the state of the current commercial real estate and homebuilding market. Anderson points out that despite record high unemployment, the market is strong, owing in part to the confidence buyers have that remote work will continue to play a major role in the work week. Builders may be cautiously optimistic, but Anderson insists no one anticipates current trends continuing in the long term. Richard Green (Director, USC Lusk Center for Real Estate) fields questions about how builders are preparing for 2021, construction costs, and how foreign buyers are influencing the California market.