Diana Olick [1] at CNBC reached out to me this week to talk about the Q1-2019 Elliman Report on the Greenwich, CT [2] housing market (as well as Q1-2019 Fairfield County, CT [3]) and the impact of the federal tax law on high-end suburban markets in NYC metro.
We spoke on Greenwich Avenue in Greenwich at 8:30 am and had to keep doing segments over because of the random roars of delivery and garbage trucks. The irony was not lost on me – a busy downtown with not a lot of empty parking spaces so early in the morning – combined with a slow housing market. Anecdotal but this is what we are seeing at the macro level – a robust regional economy with soft housing conditions.
We were set up in front of a Vineyard Vines store while I was wearing a bright Ted Baker tie (Hey, I can be a social media style influencer too). The irony in this product placement “ties” this story altogether (in my own mind). I received more feedback about my tie than I did on my content. Oh well. And for the record, Diana made very clear to me that she commented on my tie first.
[4]
Here’s the segment that also includes my friend Jennifer Leahy [5] of Douglas Elliman [6], their number one agent in Connecticut who just sold the massively oversized home of 50 Cent [7].
New tax laws take a toll on home sales in Connecticut [8] from CNBC [9].