What Could a New Fed Chair Mean for Multifamily?

A new Fed Chair nominee. Elevated bond yields. Slowing rent growth. Negative absorption.What does it all mean for multifamily investors?Spencer Gray unpacks how Kevin Warsh’s potential leadership at the Federal Reserve could reshape interest rates, inflation expectations, and long-term asset pricing — including apartments.This episode also dives into:• Why IRR can be misleading• The difference between speed of return vs. total return• Updated 2026 supply forecasts• Oversupplied Sunbelt markets vs. Midwest resilience• Why operational excellence matters more than everIn times of uncertainty, understanding first principles matters.