Classmate Fred Peters spoke to NYC-area classmates Oct. 6 about his first-hand observations of the real-estate markets so far during the pandemic, and what he sees ahead.

Fred is Founder and CEO of Warburg Realty, a billion-dollar residential brokerage agency in Manhattan, and a commentator on real estate for Forbes.

For those who think NYC penthouses are still being snapped up by Russian oligarchs, or European or Chinese billionaires, Fred has news: Those buyers bowed out years ago. Today’s buyers, more likely than not, are New Yorkers looking to trade up or downsize.

Watch the video of Fred’s talk here [log-in required]