Before introducing two real-estate executives at the Fortune Future of Finance conference on Thursday, senior editor-at-large Shawn Tully remarked on how the housing sector keeps on “defying gravity.” Despite all the reasons home prices should come down, he remarked, they just refuse to do so.
He then led a brisk but wide-ranging discussion that flipped back and forth from residential to commercial real estate. Both Sean Dobson, chairman, chief executive, and chief investment officer of the Amherst Group, and Julie Ingersoll, chief investment officer of Americas Direct Real Estate Strategies at CBRE Investment Management, went deeper into why the space is staying afloat—in most places.
