081: The Economy and What to Expect in the Second Half of 2022 with Alan Nevin

In this episode of Saving With Steve, host Steve Sexton is joined by nationally known economist, Alan Nevin, who is the Director of Economic Research at Vertex, a fast-growth AEC firm that delivers integrated Forensic, Engineering, Construction, Environmental and Digital solutions on complex projects that span the globe.

We have had pretty wild ride with the economy over that last few years with the pandemic, inflation, supply chain issues, real estate and housing costs skyrocketing, interest rates going up, and more. My guest, Alan Nevin, serves development, investment, legal and public agency communities with residential and commercial real estate valuation, feasibility, and real estate advisory services, and offers forensic economics services for construction and real estate.

He joins us today to provide insight on what we can look forward to in the balance of 2022, and when we may see the inflation subsiding back to a reasonable level around 3-4%. Alan also shares what he expects the Federal Reserve to do and what that means for home sales, mortgage rates, and cost of food and other goods and services.

Alan Nevin has an extensive background in real estate economics, lending, and market analysis. He serves the development, investment, legal, and public agency communities with residential and commercial real estate valuation, feasibility, and real estate advisory services. Alan also provides forensic economics services for construction and real estate litigation.

Prior to joining VERTEX, Mr. Nevin was Director of Economic & Market Research at Xpera Group and was Research Director at London Group Real Estate Advisors and MarketPointe Realty Advisors. In the past, Mr. Nevin served as Director of Real Estate Research for HomeFed Bank and was President of ConAm Securities, a subsidiary of ConAm Management Company. Mr. Nevin also served as Chief Economist for the California Building Industry Association.

Mr. Nevin holds a Master of Arts degree in Statistics and Research from Stanford University, a Bachelor of Arts degree in Marketing and a Master of Business Administration in Real Estate Economics from American University in Washington, D.C.

He is the co-founder of firms that bought, built, rehabbed, and operated more than three dozen residential and commercial projects in San Diego County, valued in excess of $250 million. He was a founding member of three savings and loan associations.

Mr. Nevin taught for 30+ years at UCSD Extension. He is an instructor of a CLE-approved seminar on Litigation Economics and taught the capstone course on feasibility studies for the Master’s program at USD Burnham Moores Institute of Real Estate.

Mr. Nevin is a past president of the San Diego chapter of Lambda Alpha International, an international honorary land economics society, and is a co-founder of the UCSD Economics Roundtable.

In 2016, Mr. Nevin published his landmark book, The Great Divide: The True Story of America Tomorrow, detailing America’s demographic and economic trends, and where it is leading the country for the next 25 years.