Matrix Blog

Posts Tagged ‘Tom Keene’

More Bloomberg Media Hits On Real Estate and the Coronavirus

April 5, 2020 | 2:29 pm | | Podcasts |

If you missed this week’s Housing Notes, here are two Bloomberg clips (from radio and TV) where I break down the state of the market post-Coronavirus:


Bloomberg Radio: Surveillance – ‘Jonathan Miller…details how the housing market is dealing with fallout from the coronavirus.’

I spoke with Tom Keene and Lisa Abramowicz on Bloomberg Radio’s morning show “Surveillance” on the state of the housing market.

The full segment is a great listen. My interview starts at 21:33.


[click image to play]


Bloomberg TV: Markets – ‘Manhattan Home Sellers Hold Back Listings During Coronavirus’

I joined network Vonnie Quinn in New York to talk about the state of the market since the coronavirus hit. She is always wonderful to speak with. The stock photo they used for me was taken about 15 years ago (when I was 15, obviously). At the last second, they had me speak through their London bureau for technical reasons, so each question and answer saw a small delay. The interview was based on this Bloomberg article: Manhattan Home Sellers Hold Back Listings in Coronavirus Retreat:


Tags: , , , , , ,


The NYC Downtown Resurgence After 9/11

September 11, 2017 | 9:40 am | | Milestones |

It’s hard to believe that it’s been 16 years already since 9/11. The name of the attack is now referenced as a noun and every year I think about the events of that day – getting emails from out of state friends and colleagues asking if I was ok, with one asking if I was still alive; Watching the second tower fall; walking to Fifth Avenue and then to Sixth Avenue to see the towers in flames; No cell service; losing all access to public transportation; literally walking northward out of Midtown with throngs of others; getting a lift from my friend’s mom to Westchester county, then borrowing the car to get home to my family in CT; Debriefing with my neighbors who were standing outside like everyone else trying to learn what happened; learning that a parent of my of my son’s classmates was in the tower; hearing stories from neighbors who were talking to someone on the phone in the towers when a plane hit and the line went dead.

It seemed that everything I knew was going away and never coming back. Yet NYC showed me it never quits and I’m proud to be part of it.

Here is my interview with Tom Keene on Bloomberg TV this morning on the resurgence of downtown over the past 16 years.


UPDATE Immediately following the television spot, I walked over to their radio studios and spoke with Tom again as well as David Gura. My interview with Tom Keene and David Gura on Bloomberg Surveillance Radio so click on the graphic below and go to the 10-minute spot:



Tags: , , , , , ,


[VIDEO] Boomberg Radio/TV ‘Surveillance’ 9-21-15

September 21, 2015 | 11:45 am | | Radio |

I was set to speak in studio with Tom Keene and Pimm Fox but had a commuting snafu and had to call in. It was a great opportunity to show a picture of me as a 15 year old. Love these guys. The best. The Bloomberg Television/Radio are clearly pros and handled the last minute change with ease.

We talked about lots of housing markets and the distortion being created by credit conditions.

Tags: , , , , , ,


[Video] Bloomberg TV, Bloomberg Surveillance June 17, 2015

June 25, 2015 | 10:20 pm | | TV, Videos |

Always fun to visit with Tom Keene on Bloomberg Surveillance Television – I forgot to post it last week.

Did I tell you I have a lot going on?

It’s a short clip on housing and why we don’t have enough inventory. Bloomberg Intelligence’s Carl Riccadonna spoke along with me – never met him before but he was impressive and best of all, we were in sync.

Tags: , , , ,


Bloomberg Surveillance TV – Guest Host 9-25-14 : Housing and bendable iPhones

September 25, 2014 | 1:40 pm | | TV, Videos |

Was asked to guest host this morning for the 7-8am hour on Bloomberg TV’s Surveillance. Tom Keene, Scarlet Fu and Adam Johnson team up for a must-watch show every morning.

In the first clip we talk Manhattan Luxury market problems and records. In the second clip we banter about the bendable iPhone Plus and housing as an investment. These two articles likely prompted my invite:

NYC Luxury-Condo Buyers Await New Towers as Sales Slow [Bloomberg News]
NYC’s Most Expensive Condo to Be Listed at $130 Million [Bloomberg News]

Tags: , , , , , , ,


[Bloomberg TV] Guest Host of ‘Surveillance’ 5-28-14

May 28, 2014 | 6:00 pm | | TV, Videos |

This morning, I got to join Tom Keene, Adam Johnson and Cristina Alesci on Bloomberg TV’s Surveillance to talk housing for the 6am to 7am hour. Definitely worth getting up at 4am to make into the studio. No, really!

Covered a lot of ground this morning on the show. Here’s another clip.

Tags: , , , ,


[Video] “Housing…will be a Necessary Casualty”

May 10, 2014 | 12:20 pm | |

Ian Shepherdson, chief economist at Pantheon Macroeconomics as a guest on Bloomberg Television points out some key issues relating to housing and the economy. It’s a great quick overview on how housing fits into the economic recovery equation. So much for a “soft handoff,” the idea of the housing moving from dependency on low mortgage rate to thriving on a stronger economy. The ideas being projected here are that the economy may improve without housing’s help.

“It is not quite as important as the fed seems to think.” “I sometimes say the fed is almost as obsessed with housing as the labor market.”

“I’m not convinced it is absolutely essential that housing keeps charging upwards in order for the rest of the economy to grow.”

“It’s a relatively small share of gdp now in terms of housing construction and even when you add in the retail stuff related to housing.”

“It is important to sentiment.”

“They were ready to dismiss it as something temporary and clearly the worries are more deeper.”

“Mortgage rates, if they rise further as the economy picks up, housing will be under further pressure.”

“It is a paradox that the stronger the rest of the economy gets and the more worried the market gets about the fed raising rates, the higher 10 year yields will go and mortgage rates and potentially the housing market will get weaker.”

“This is a three or four year process to get back to normal.”

Housing unfortunately will be a necessary casualty.

“My guess is that that’s the way the fed’s thinking evolves great if we see the economy strengthening brother that housing is weakening, i think they will have to live with that and stand up and say it’s a price we have to pay in order to get the rest of the economy moving.”

Tags: , , , , ,


Talking Interest Rates, Housing on Bloomberg TV’s ‘Surveillance’

March 20, 2014 | 8:33 am | | TV, Videos |

Had a great conversation with Tom Keene, Scarlet Fu, Olivia Sterns and guest host Strategas Research Chief Investment Strategist Jason Trennert about the US housing market. We also dabbled a bit in Brooklyn and Manhattan rents and talked NCAA March Madness picks. Always fun to come in and join the Surveillance team.

Go MSU Spartans! Go State!

Tags: , , , , ,


[Video] Talking Housing on Bloomberg TV’s Surveillance 9-24-13

September 24, 2013 | 12:10 pm | | TV, Videos |

Always fun (and refreshing) to talk housing with Tom Keene, Sara Eisen and Scarlet Fu on Bloomberg TV’s Surveillance. I always watch or listen to the show on their apps as part of my morning routine. Got to meet and hear great insights from Jim O’Neill, Bloomberg View columnist and former chairman of Goldman Sachs Asset Management as well.

Did I tell you I am still the mayor of the Bloomberg Cafeteria on Foursquare?

Tags: , , , , , , , ,


Bloomberg Surveillence TV with Tom Keene, Sara Eisen and Adam Davidson

May 13, 2013 | 8:46 am | | Public |

Had a fun interview with Tom and Sara this morning on the always MUST watch/listen Bloomberg Surveillance. We talked housing, rentals, vacancy and inventory. An added bonus was the addition of Adam Davidson – co-founder and co-host of Planet Money as guest anchor. I’m a huge fan of his show. Even bought their t-shirt last week through Kickstarter.

More importantly, I’m still the mayor of the Bloomberg Cafeteria on FourSquare.

Tags: , , ,


On Bloomberg TV, Surveillance w/Tom Keene 3-11-13: Housing, Mortgages, Rising Prices

March 11, 2013 | 11:46 am | | Public |

Had a great visit with Tom Keene this morning on Bloomberg TV’s Surveillance along with Scarlet Fu and Sara Eisen. It was simulcast on Bloomberg Radio.

Also in studio was James Lockhart, vice chairman of WL Ross & Co., formerly the head of GSE regulator FHFA. We were also joined by Nicolas Retsinas, a senior lecturer in real estate at Harvard Business School who called in – he has been on my old podcast a few times. Both provided great insight to the housing narrative.

Here’s the second clip from the same session. My basic premise is that while new home sales are rising, it will not be enough to address the collapse of listing inventory which will drive housing prices higher in the US. Hint: It’s mostly about tight credit. Housing is local and credit is national.

Tags: , , , , , , , ,


[In The Media] Bloomberg Surveillance 9-18-12 QE3, Low Rates and Housing

September 18, 2012 | 9:14 am | | Public |

Very much enjoyed my conversation with Tom Keene and Scarlet Fu on Bloomberg Television’s Surveillance.

Scratch notes before my appearance:

Some thoughts about the Fed’s QE3 as it relates to housing (Einstein defines insanity as doing something for a 3rd time hoping it works).

-Focus of QE3 seems to be housing, but it shows how little Fed understands housing since this seems to be an effort to press borrowing costs lower.
-Falling rates until now have increased affordability 15% this year but reaction in sales is less. A diminishing return for this action. Yes it temporarily helps but is more akin to the 2010 tax credit – remove it and consumers stop buying.
-Fed must believe recent “happy housing news” isn’t sustainable. Prices and sale generally showing improvement.

-Banks prob won’t drop rates all that much-could even see a slight increase in short term: admin backlog from existing business, guarantee fees by Fannie Mae to kick in a few months and spreads already low. This action provides little traction.

-QE3 doesn’t address THE REAL PROBLEM – mortgage underwriting remains irrationally tight. Smaller universe qualifies for mortgaged and a large number of contracts fall through – approx 15%.
-Telegraphing low rates through 2015 eliminates any urgency for consumers to take action. National volume up YOY but 2011 was the aftermath of 2010 tax credit so comparing against low.



Bernanke’s Speech on QE3 [MarketPlace.org]
Benanke Statement on QE3 [Federal Reserve]
QE3: What is quantitative easing? And will it help the economy? [WaPo Wonk Blog]
Fed’s Evans Says QE3 Will Make Economy More Resilient [Bloomberg]
Low Rates Not Improving Housing Market, Miller Says [Bloomberg Surveillance TV]

Tags: , , , , ,

Get Weekly Insights and Research

Housing Notes by Jonathan Miller

Receive Jonathan Miller's 'Housing Notes' and get regular market insights, the market report series for Douglas Elliman Real Estate as well as interviews, columns, blog posts and other content.

Follow Jonathan on Twitter

#Housing analyst, #realestate, #appraiser, podcaster/blogger, non-economist, Miller Samuel CEO, family man, maker of snow and lobster fisherman (order varies)
NYC CT Hamptons DC Miami LA Aspen
millersamuel.com/housing-notes
Joined October 2007