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Posts Tagged ‘Diana Olick’

CNBC TV 4-25-19 Coverage of Elliman Reports on Greenwich and Fairfield County, CT

April 27, 2019 | 7:08 pm | | TV, Videos |

Diana Olick at CNBC reached out to me this week to talk about the Q1-2019 Elliman Report on the Greenwich, CT housing market (as well as Q1-2019 Fairfield County, CT) 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.


Here’s the segment that also includes my friend Jennifer Leahy of Douglas Elliman, their number one agent in Connecticut who just sold the massively oversized home of 50 Cent.

New tax laws take a toll on home sales in Connecticut from CNBC.


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VIDEO: NBC SquawkBox – Impact of New Federal Tax Law on High-Cost Housing Markets

October 31, 2018 | 7:00 pm | | TV, Videos |

This interview occurred back on the 18th and was posted on Housing Notes on October 19th in case you missed it.

Robert Frank of CNBC invited me to appear on the show. I’ve been on the show a half dozen times, especially during the housing bubble when I was always interviewed remotely in a dark room with an automated camera. This appearance was the first time on the actual set. The interview with Robert Frank and Andrew Ross Sorkin In keeping with their audience, it was all about the “trade” and focus on pricing which reminded me of the stock market-like thinking of housing from a decade ago. Sorkin asks…

“Should all New Jersey homeowners move to Florida?”

Afterward, I was standing next to Alan Greenspan, former Fed chair, in the makeup room after the interview to take my makeup off. Chatted with Diana Olick as well as I am in now “full name-dropper” mode. Here’s Robert Frank’s intro and then my interview:

Here’s what to watch as real estate drifts into two different markets from CNBC.


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PBS NBR CNBC Video – State of U.S. and Manhattan Luxury Market

August 22, 2018 | 12:31 pm | | TV, Videos |

CNBC clip

NYC luxury apartment sales drop from CNBC.

PBS Nightly Business Report clip


[Story with 2 clips begins at 18:20]

CNBC’s Diana Olick reports on luxury home sales dropping in NYC due to tax laws and fewer international buyers.

It is past the middle of August so it was odd to see that the Wall Street Journal ran a story that covered a new “half-year” report by a brokerage firm on the Manhattan luxury market from January 2018 to June 2018. But it was a good story nevertheless.

Almost two months had passed since that reporting period so CNBC reached out to me in response to talk about our already released first and second quarter Elliman Reports, as a segway to the luxury homebuilder Toll Brothers record earnings release.

More importantly, I didn’t wear a tie at the 30Rock studio interview. Hey, it’s summer.

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VIDEO Nightly Business Report: U.S. Luxury Market Trends

August 6, 2017 | 7:54 pm | TV, Videos |

Diana Olick of CNBC interviewed me on the reason behind the luxury market uptick as a companion piece to her story on the luxury report released by Redfin.

The luxury real estate story starts at 20:58 into the broadcast:


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Recovering From The Use Of “Recovery” In Housingspeak

September 4, 2012 | 2:38 pm | | Public |

Last week I was quoted in a few articles pontificating about the use of the word recovery that I felt was a misleading characterization of the state of housing:

Business Insider (Jill Krasny): JONATHAN MILLER: Don’t Buy The Hype About A Housing Recovery

“We keep throwing the ‘recovery’ word around, but the big numbers are coming from sources being created from the tight market,” he told Business Insider. “Tight credit is causing rents to rise; falling mortgage rates are pushing people to buy.

International Business Times (Roland Li): Good News On The US Housing Market? Not Quite

“The use of the word ‘recovery’ is really inappropriate,” said Jonathan Miller, president and CEO of New York-based appraisal firm Miller Samuel. Inc. “We’re just stabilizing.”

In retrospect, I think some reading this may have interpreted me as being bearish on housing. Well I’m not, I just don’t think use of the word “recovery” is being used properly. Housing will likely slip a bit before it truly improves and I think “improvement” means real stability. “Recovery” means:

an improvement in the economy marking the end of a recession or decline.

In other words, I interpret the word “recovery” as getting better or at least not getting worse. While housing is showing gains in sales and price, it’s too soon for all the hyperbole.

Perhaps many view the word “recovery” as a process such as this great post by Diana Olick at CNBC that covers all the housing bases. I can agree with it being some sort of “process.” However I think the word when used by people in the business of real estate is different than when used by the consumer. I feel strongly that the use of the word implies to the consumer that the housing market will soon return to the heady days of yore (my recent fave saying) and that’s not what is happening.

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[In The Media] CNBC SQUAWK On The Street 7-2-09

July 2, 2009 | 1:13 pm | Public |

Diana Olick did a nice job covering the important points on the release of our Manhattan Market Overview 2Q 09.

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[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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