

We were up bright and early yesterday for the Reis
quarterly update at the Marriott Midtown. Here's our good friend
Dr. Victor Calanog, with somewhat quirky purple glasses (we think) for an economist. Victor's
predictions and
insight: We still need to hire close to
2 million workers back to come even with our last peak. (If Fleetwood Mac taught us anything, it's people love a comeback.) If we create
50k jobs/month, we can throw a
full recovery party in November 2016. On multifamily: there will be a
cap on the ability of landlords to
raise rents because wages aren't rising much.