Here is [a clip of my appearance](https://millersamuel.com/press/view.php?V=1159202533gHtJJ) on today’s _Morning Call_ show on CNBC.
I was guest along with [Nicolas Retsinas, the Director of Harvard’s Joint Center for Housing Studies](http://www.jchs.harvard.edu/people/nic_retsinas.html). We were interviewed by [Mark Haines](http://moneycentral.msn.com/content/CNBCTV/TV_Info/Anchors&Reporters/P2247.asp) who was great.
As it always is the way on television, there was not enough time for the topic but it was fun to do.
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I find it interesting that people expect housing prices to “crash,” yet they are unwilling to see the value of their own home as dropping.
Real estate prices are sticky-downward, because we price our homes based on our expectations and desires, not newspaper reports.
Pete, I agree with you except I think media coverage, if its not accurate, can help exagerate the highs and the lows of a market. I am not blaming the media at all, its just that I think there is a tremendous heard mentality out there right now. Jonathan
the “herd” is finally waking up to the reality that housing prices must revert to the mean.
the media is not distorting the issue; they are merely taking a hard look (for the first time in many years) at the fundamentals of real estate. and the fundamentals are overwhelmingly negative
Hollywood Miller strikes again!!! Great job Buddy:-)!!!