[Public] Tonight’s Observer Living Real Estate/Tomorrow AM Bloomberg Surveillance

May 14, 2009 | 3:05 pm | | Public |

Fun tonight!

I hear that 1,000+ people are registered to attend the Observer Living event (although I think the room where we are speaking is half that size).

8:00 PM – Panel #3: State of the Residential Market
Moderated by: Tom Acitelli, Location Editor, The New York Observer

Featuring:

  • Ivanka Trump, EVP, The Trump Organization;
  • Dottie Herman, President/CEO Prudential Douglas Elliman;
  • Pam Liebman, CEO/President, Corcoran;
  • Jonathan Miller, CEO/President, Miller Samuel

Topics:

  • Pricing: The $1.8 Million Question
  • Refinancing
  • New Condos vs. Condos vs. Co-ops
  • State o’ Things: Misconceptions and Perceptions
  • Where to Buy in New York

Tomorrow morning at 7am on Bloomberg Radio am 1130 – I’ll be the first guest on Bloomberg Surveillence with Tom Keane and Ken Prewitt to kick off a show on the housing market. I listen to the show via podcast nearly every day – always interesting.


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[In The Media] The Real Deal 4-29-09

April 29, 2009 | 12:42 pm | | Public |

Here’s a recent interview I did with Jen Benepe of The Real Deal Magazine on the East End and the market report 1Q 09 market report covering the Hamptons and North Fork.

You can stick a “fork” in it as much as you want, but the Hamptons aren’t “done,” by the way.

View the interview.


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[Radio Active] WOR AM 710 Eye of Real Estate Radio Talk Show

April 20, 2009 | 2:00 pm | | Public |

Last Saturday we launched our new radio show on WOR 710 called Eye on Real Estate which is a 2-hour talk radio format that airs live on Saturdays from 10am to Noon.

The show is co-hosted by Dottie Herman, Jeff Appel and myself. Dottie brings brokerage experience, Jeff brings mortgage experience and I bring valuation experience to the table. None of us had hosted a talk radio show before but all of us have done a lot of public speaking together on various housing issues so on paper it seemed like a good fit. I think it was.

WOR came up with the show name and their management staff is unbelievably well organized and professional. They made it easy. Their audience is reportedly in excess of 1M listeners which is pretty exciting. We’re camped out for two hours in a studio with boom mikes, guests, call in questions, an active chat room during the broadcast, a control room and all the other radio trimmings.

I think our biggest concern going into this was that no one would call in since we were just getting started. However, after the first commercial break we were all estatic as the phones lit up like Christmas Trees. Fun.

If you can’t get to a radio from 10am to 12 noon on Saturdays, just subscribe to the podcast – it is uploaded to the web a few hours after the show airs.

The show’s web site: www.wor710.com/realestate

And subscribe to the podcast


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[In The Media] Nightly Business Report 4-9-09

April 9, 2009 | 10:54 pm | Public |

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.


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[In The Media] Reuters TV 4-7-09

April 9, 2009 | 10:30 pm | Public |

Bobbi Rebell covers the state of the housing market, interviewing one of the sharpest developers out there – Veronica Hackett, Co-Founder and Managing Partner, The Clarett Group and of course, moi.


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[Conspicuous Consumption is A1] Manhattan Housing Slump Hits NYT Front Page

April 9, 2009 | 9:45 am | | Public |

Last week we released our Manhattan Market Overview for Prudential Douglas Elliman which outlined the fall correction and emergence of a new market. Apparently this topic continued to resonate and was worthy of a front page New York Times article. Josh Barbanel wrote a harsh, but good one: Housing Slump Hits Manhattan.

Apartment prices have once more become the talk of the town in Manhattan, but this time the talk is of uncertainty and falling numbers. While brokers say they are seeing more activity lately, especially from first-time buyers taking advantage of lower interest rates, housing analysts are predicting a prolonged slump in prices and sales that could last as long as four or five years.

Hey who was that housing analyst they referred to? I think I know him? This is my 9th time on A1 (but who’s counting?) and it’s always a thrill. My last time I thought it was 9, but it was only 8 – good grief this is shallow – ok, I’ll stop.

In Manhattan, real estate is more than a spectator sport and was the last or one of the last US housing markets to see weakness. High end is expected to feel more pain and first time buyers and sub-million dollar sales are the big story at the moment.

Jonathan J. Miller, an appraiser who prepares quarterly reports on Manhattan, said the market could continue to fall through this year and next, especially if credit remained tight for most buyers. After that, he said, it could take several more years to work through the excess inventory.

Both inventory and “shadow” inventory – the newly constructed or converted housing units ready for sale but not offered yet – probably in the neighborhood of 6k to 8k units.

The article ended with this thought:

Mr. Miller said that during the last big real estate downtown, when studio apartments were so cheap that he considered buying one on a credit card, people thought the luxury market would never come back. “Conspicuous consumption was out of vogue in 1991,” he said. “The market was back by 1997 or 1998.”

In other words, so many market participants characterize these periods as “forever” when they’re really not – housing is cyclical so get on with it.



[In The Media] Bloomberg Surveillance 4-6-09

April 6, 2009 | 11:10 pm | | Public |

This morning I had the honor of appearing with Ken Prewitt and Tom Keene on the Bloomberg Surveillance radio program. I listen to their show regularly via podcast so I eagerly accepted their invitation to appear.

Here’s this morning’s interview [mp3]. “Miller Says NYC Housing Prices Down 25% From September 2008” – a state of New York housing interview for a national audience. It’s not painful to listen to – I promise.

When I got to the studio, Tom and I began talking about his entré into the world of Twitter and the show’s Facebook fan page. He plugged my own Twitter page to his audience and my new podcast – The Housing Helix. Nice!

My friend Rudy, Social Media Guru (and Maven) at Trulia, who is a big fan of the Bloomberg show, blogged about my interview and used Twitter to interact with the show. Thanks Rudy!

Fun!




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GreenPearl’s Real Estate Social Marketing Panel 4-7-09 6pm

April 6, 2009 | 12:51 pm | | Public |

I never thought to myself, gee, I’m going to go out and do some social marketing/networking, like it’s a New Year’s resolution. It just sort of happened and I am not sure how or why, but it’s here and it is powerful – and it is fun.

I began the blogging thing with Matrix and Soapbox back in 2005 and then expanded into:
and now podcasting at TheHousingHelix.com

Frankly, I have no plan other than to try to push out good content with my persona attached to it.

Ryan Slack – founder of GreenPearl, invited a group of social networking types (don’t see myself as one, but I am I suppose) to a fun forum tomorrow night – moderated by Quinn & Co.’s digital media manager, Allie Herzog – at the M1-5 Lounge at 52 Walker Street, Manhattan. I am excited about the group and plan to take (mental) notes.

  • Doug Heddings, Senior Vice President Elliman, top broker and viral video guru
  • Rick Rochon, Founder Adsymetrix.com, social advertising expert
  • Rob Hahn, Vice President Marketing Onboard Informatics, interactive marketing pro
  • Phil Thomas Di Giulio, Co-founder WellcomeMat.com, Twitter master, guerrilla marketing expert

There are some seats available – to attend, you simply register here.


[In The Media] CNBC 4-2-09

April 2, 2009 | 11:57 pm | Public |

Yesterday Diana Olick, the housing reporter for CNBC sought me out to talk about the state of the New York housing market. I had short notice but the studio is located at 30 Rock which isn’t far from my office. It’s my second consecutive non-tie interview at CNBC so dammit I’m a rebel. We taped for about 20 minutes and then they used this portion of it in their show today.

Diana’s Realty Check blog has been on my blog roll for a long time so it was nice to get to speak to her before the interview.

Watch the video.


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[In The Media] Bloomberg TV 4-2-09

April 2, 2009 | 11:28 pm | | Public |

Anchor Kathleen Hays called me yesterday to be a guest this morning and recap the Manhattan housing market, arguably a gloomy topic.

Admittedly its hard to get up at 4:30am, but to get free range of their cafeteria, it’s all worth it. Actually, Kathleen is my favorite anchor at Bloomberg – a real professional – so I’d come even if they ran out of Fig Newtons or cranberry juice.

Watch the clip here or you can watch it here.


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[In The Media] Neil Cavuto/Fox Business News 3-27-09

March 28, 2009 | 8:50 am | Columns |

Friday morning I was invited to be a guest to talk about appraisers and how they are impacting the flow of housing sales. I was initially concerned that this would be an appraiser slam piece, blaming our industry for killing sales, causing global warming and low salaries of central bankers but it wasn’t and I think I covered the bases. Kinda surreal – met and spoke briefly to Dick Morris in the green room. Cavuto was very personable before the segment, we talked about the issue before we went on.

  • Sellers are generally a year behind the market
  • The ranks of good appraisers were decimated by the mortgage boom
  • Appraisers have long been the “punching bag” of blown deals
  • Lack of data is a huge issue

Connie De Groot, who was the Beverly Hills real estate agent who is a regular on FBN recommended that buyers get an appraisal when pricing their property for sale – as Cavuto commented on my neutraility point, a “Swiss Appraiser.”

Watch the clip here or you can watch it here.


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[In The Media] Neil Cavuto/Fox Business News 3-27-09

March 27, 2009 | 11:30 pm | Public |

This morning I was invited to be a guest to talk about appraisers and how they are impacting the flow of housing sales. I was initially concerned that this would be an appraiser slam piece, blaming our industry for killing sales, causing global warming and low salaries of central bankers but it wasn’t and I think I covered the bases. Kinda surreal – met and spoke briefly to Dick Morris in the green room. Cavuto was very personable before the segment, we talked about the issue before we went on.

  • Sellers are generally a year behind the market
  • The ranks of good appraisers were decimated by the mortgage boom
  • Appraisers have long been the “punching bag” of blown deals
  • Lack of data is a huge issue

Connie De Groot, who was the Beverly Hills real estate agent who is a regular on FBN recommended that buyers get an appraisal when pricing their property for sale – as Cavuto commented on my neutraility point, a “Swiss Appraiser.”

Watch the clip here or you can watch it here.


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