[In The Media] Lawline TV The Housing Market 11-19-2009

February 23, 2010 | 10:58 am | | Public |

[click to play – “The Housing Market”]

Last fall both Dottie Herman, CEO of Prudential Douglas Elliman and I were guests on Lawline TV hosted by Alan Schnurman.

The segment didn’t air until after the new year and frankly, I forgot I could see it in its final form – until a friend of mine mentioned he watched it on TV the other day. The show doesn’t run on my cable service at home.

Alan gets both Dottie and I to describe what we were seeing in the market last fall. This was my third stint on his show at his Brooklyn studio and I’ve always enjoyed Alan’s company.

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[In The Media] NY1 TV Foreign Interest Returns To NYC Real Estate

January 18, 2010 | 7:19 pm | Public |

[click to play]

Shazia Khan of NY1 does a nice local segment on foreign buyers (no pun intended). You can’t really tell, but due to tripod issues, the video camera is sitting on a pile of my books.

Admittedly, NYC always over hypes participation by foreign buyers (remember stories of Irish carpenters buying Manhattan condos?) but its worth paying attention to.

The dollar remains pretty weak compared to the Euro.

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[In The Media] Bloomberg Radio/TV Housing Recovery May Take 3 to 4 Years

December 18, 2009 | 11:30 pm | | Public |

[click to play]

I was invited this morning to join Tom Keane and Ken Prewitt on their must listen to radio show Bloomberg Surveillance at 8am. I sat in for about 3/4 of an hour. Love this show – avid listener of their podcasts.

This time, they brought in a few cameras for a few minutes, mid-interview and cut in from the Bloomberg TV broadcast to join us. Fun!

Mentions during show
55 Sq Ft Apartment [NY Post]
Gotham: A History of New York City to 1898 [Amazon]

Show links
Listen to the show podcast [Bloomberg]
Watch the TV clip [YouTube]

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[Bobbleheads] Known For Their Ubiquitous Media Verbosity

November 3, 2009 | 10:23 am | | Public |

In the current issue of The Real Deal magazine, the article Real estate’s most verbose talking heads: A look at the busy schedules of NYC’s go-to market pundits

…goes haywire with Adobe Illustrator and selects four go to media resources:

Barbara Corcoran, the founder of the Corcoran Group and now a regular on the “Today Show”; Jonathan Miller, the ubiquitous president of appraisal firm Miller Samuel; Dan Fasulo, managing director at Real Capital Analytics; and Bob Knakal, chairman of Massey Knakal Realty are just a few among a growing bunch of go-to contacts.

I think the bobblehead designation is a compliment? Verbosity? I always used that word in the “long-winded” connotation. Well, my phone simply rings – plus – I’ve been known to hang out on car dashboards on the weekends.

Aside: Bob Knakal is a long time colleague who has generously agreed to sit down with me on my podcast, The Housing Helix, in a few weeks.

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[In The Media] Bloomberg TV New York’s Jobless Reflected in Rentals Drop

October 9, 2009 | 10:41 pm | | Public |

[click to play]

A little late in posting this clip from Wednesday as I work on next week’s market report releases. Can’t get it to play on my mac, only on windows. Never quite comfortable with news headlines that use your name.

I got up at 4:30am to make it to the 6:45am interview. Thank goodness they have a Fig Newton laced, cranberry juice loaded, entirely free cafeteria.


[In The Media] WNBC “Solution to Fill Empty Buildings”

October 9, 2009 | 11:21 am | | Public |

View more news videos at: http://www.nbcnewyork.com/video.

[15 second ad]

Ida Siegal, as usual, makes a compelling presentation in the short time frame that TV allows. The map in the piece is amazing. Curbed touched on this topic in a past post.

I must admit though, the quote about luxury life style at the close of the segment was a bit disorientating. Images of pet spas and onsite sommeliers in affordable housing came to mind.


[In The Media] New York Daily News “Top Appraiser” Full Pager

September 14, 2009 | 2:48 pm | | Public |

Was the subject of a full page story in the NY Daily News today – with photo – by Phyllis Furman called Top appraiser offers forecast for New York’s housing market


Rankings for today so far:

  • no. 1 read story,
  • no. 1 discussed story and
  • no. 2 emailed story.

Some of the points:

Whenever I talk to a real estate broker who sold a high-end property, I ask, “Did they get a mortgage?” In the last two months, I have never had an agent tell me yes. Their buyers have all paid all cash. Think about that. There are not a lot of all cash buyers out there. I am guessing under 2%.

The 1980s were characterized by massive rental to co-op conversions and significant construction of tax-incentivised, new development condos, primarily for investors. This time around, we didn’t have the investor element. We didn’t have a housing boom, we had a credit boom.

ok, back to work.


[Weekend At Bernie’s] Madoff House In Montauk Ready For Market

September 1, 2009 | 2:47 pm | | Public |

I had a nice conversation with Deirde Bolton at Bloomberg TV about the Hamptons Housing market and the former Madoff residence in Montauk (had to get up 4:30am to make it in for the 6:45am).

US Marshalls are readying it for market. I heard today that Corcoran was selected as the selling agent for the property.

I also got to catch up with Tom Keene of Bloomberg Surveillance in the Green Room who proceeded to tweet my appearance with a little humor.

Les Christie of CNN/Money does a nice Madoff story on the US Marshall video of the property and invited me to provide some running commentary as I watched it. Fun!

Here’s the US Marshall video. It’s apparent that they want to get as much for the property as they can – no fire sale – so they can get funds to the swindled investors (a drop in the bucket).

All this activity before 10am this morning. I might need to go to the beach and relax this weekend…I know a house…


Appraiser Reduced to Moonlighting as a Stock Photography Subject

August 21, 2009 | 4:19 pm | Public |

One of our appraisers at our commercial appraisal firm Miller Cicero was taking an on-line McKissock appraisal course (which is excellent) and came across a page under the section One-person firms and noticed a familiar person in the photo.

Here’s the screenshot (click image to expand):

Even though there is an “I” in “appraiser”, unlike “team”, our appraisal firms of Miller Samuel and Miller Cicero is growing – and our staff does a lot more work than I ever could.

One could say I’m a “model” appraiser? Ok, probably not.


[MetroResidential TV] Appraisal Tips For Sellers

August 5, 2009 | 12:56 pm | Public |

Jeff Appel and Cathy Hobbs have launched their real estate show MetroResidential TV this summer and I wish them well with the venture. It airs on Sunday mornings in the NYC region at 9am on WPIX-TV. I’ve known Jeff for years through his mortgage brokerage work and public speaking. I’ve also known Cathy for years as an emmy winning reporter for WPIX.

In this clip, Jeff touches on the appraisal process from the seller’s perspective and I provide a few common sense points for sellers.

Watch the clip (short commercial first).

Its funny but when they zoom in on an appraisal report while introducing me, they show one of my competitor’s names on the top of the report form. 😉

This clip originally aired on July 16th, I believe and is being re-broadcast this Sunday.

My favorite is number 3.

Appraisers get tired of sellers and agents in their personal space during the inspection, peering over our clipboard and pointing out (obvious) things like “this is the kitchen”, “this is the bathroom”, etc.

[In The Media] Fox Business: 7-30-09

July 31, 2009 | 8:36 am | | Public |

Had a nice conversation with Connell McShane and Jenna Lee about the false message being relayed through national housing reports and how this could actually damage housing further. On YouTube the clip is called “Housing Recovery is False.” 😉

I was given enough time to get my point across. Always fun.

“Rounding the corner” versus “finding a bottom”

Update: Similar message given in clip U.S. House Prices Haven’t Bottomed Yet [WSJ].


[92Y Tribeca] The New World of New York City Rentals with Curbed.com

July 27, 2009 | 10:57 pm | | Public |

I’m really looking forward to this one.

Lockhart Steele, blogfather of Curbed invited both me and CEO Dottie Herman of Prudential Douglas Elliman to talk rental market at the 92Y Tribeca this Thursday.

The New World of New York City Rentals with Curbed.com [92Y Tribeca]

I hope you can join us.

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