Longo primarily focuses on institutional buyers and is one of the youngest First Vice Presidents at the firm due to his hard work and deal making abilities. When interviewing him, he had multiple interesting things to say about the today’s real estate economy.
Additionally, he also addressed the fear of a recession. Longo said that he currently does not see any immediate danger or indicator in the market to have a major impasse or economic downturn. Debt levels have been very low, especially when compared to the past. Furthermore, the FED is raising interest rates which is a great sign showing the American people that they are confident that our economy is stable.