Share your feedback or provide industry news topics.

In this episode, Ryan Glick and Charles Covey dive into some topics shaping the land development industry. They start by examining the Federal Reserve’s potential rate cuts, with mixed signals coming from recent job reports and financial markets. What will it take for the Fed to ease up, and how will these decisions impact real estate heading into 2025? Ryan and Charles break down the numbers and discuss what’s really at stake for developers.

The conversation then shifts to housing market inventory, as Charles highlights insights from Redfin’s CEO, Glenn Kelman, who predicts that inventory will remain the biggest challenge in 2025. With so many homeowners locked into low mortgage rates, selling isn't an attractive option, putting builders in a unique position. Will new construction be able to keep up with demand as interest rates shift? Ryan and Charles discuss what this means for the real estate market next year.

The third major topic is the devastating aftermath of Hurricane Helene, which has not only taken lives but also created significant challenges for commercial real estate. The storm's impact on property values, insurance costs, and overall business operations is widespread, and Ryan and Charles explore how this event—and the possibility of future hurricanes—might reshape the commercial real estate landscape.

Lastly, Ryan and Charles touch on the upcoming 2024 election and its potential influence on economic decisions, including how consumer sentiment could shift. The uncertainty surrounding political outcomes is adding yet another layer of complexity for those in the land development and real estate sectors.

All links to the articles discussed during this episode can be found on the show notes page: https://letsgroov.com/podcast/industry-news-market-expects-another-fed-rate-cut-2025-home-sales-outlook-hurricane-helene-storm-damage.