About this time last year (and the year before that) I was interviewed by Suzanne Pratt of the Nightly Business Report, a news mainstay for 30 years, on the state of the New York City housing market. The situation has deteriorated quite a bit since last year. This segment “Reviving The Economy: Real Estate

Listen to the segment – starts at the 15 minute mark.

Also sorry about crowding Matrix with a bunch of media stuff this week. Apparently people seem to want to talk and hear about the housing market these days, front and center.


  1. Edd Gillespie April 12, 2009 at 10:33 am

    You need to rest. You are amazingly prolific, to our benefit.
    I agree Jonathan. It ain’t over yet. Some think the thing has bottomed out, but they must be conditioned by television sit-coms. Although some efforts at spending enormous amounts government money have been made, this is still about jobs.
    While gross domestic product looks good, personal income simply has not kept pace with the unprecedented rise in the cost of housing.
    If the job thing gets fixed (and I think that is going to take some adjustment to foriegn trade policies), and it will, the coming cycles will rotate around a more reasonable, but lower median.
    Somehow outsourcing seems connected to protectionism. How did that happen?

  2. Edd Gillespie April 12, 2009 at 10:36 am

    I haven’t figured out how to make and post graphs on here, but look over here.

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