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Posts Tagged ‘Television’

[In The Media] Newsweek/BeastTV – “The Number” with Dan Gross 12-4-12

December 4, 2012 | 3:30 pm | Public |

In our continuing monthly jousting match, Dan works hard to get me over to the “happy housing news” side whereas I prefer a more balanced long and slow view. Housing is better than it was, but a function of credit issues that are squeezing supply making the numbers look better overall. I’m not a perma bear but it’s too soon to jump up and down.

It’s a smaller universe of players in the mix and if that makes for a US recovery, then I guess it is. Still, incomes are flat, unemployment is elevated and +40% of houses with mortgages have low or negative equity. It’s tough to sign on to a full blown recovery even if prices rise next year in Manhattan.

Fun!

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[In The Media] CNN’s “Your Money” With Ali Velshi 11-24-12

November 25, 2012 | 11:22 am | Public |

Ali Velshi does a great recap on various elements of the economy including what I call “happy housing news.” CNN brought in both Chris Mayer of Columbia University and me to poke holes in it and talk “what if.” Chris and I were nearly identical in views, but I was tagged as the more negative because I hate the use of the word “recovery” to describe the current state of the market. I prefer “stabilized” or “recovering” over “recovery” since we haven’t dealt with the excess distressed sales and tight credit yet which is what is perversely driving up prices.

We taped this on Wednesday and it aired yesterday at 1pm and will air again today at 3pm. Ali tackles energy, manufacturing, the economy in addition to this housing segment. My friend Dan Gross of Newsweek/Daily Beast was in the economy segment and we got to catch up in the Green Room.

The taping was a two-fer for me – I got to meet Ali, a take-no-prisoners media personality who lays things out with great clarity. Plus I got to meet Chris, one of the sharpest minds in real estate policy. All-in-all, fun!

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[In The Media] Bloomberg TV’s Street Smart 11-14-2012

November 15, 2012 | 5:53 pm | | TV, Videos |

Had a good discussion with Adam Johnson and Alix Steel on the Manhattan/Brooklyn rental markets and how credit relates to it.

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[In The Media] Bloomberg TV’s ‘Money Moves’ w/Deirdre Bolton 10-22-2012

October 22, 2012 | 5:32 pm | | Public |

Always fun to speak with Deirdre Bolton on her Bloomberg TV show “Money Moves.” We talk macro housing and foreign investors today and my tweet quote: Housing is the new global currency.

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[In The Media] NY1 With Monica Brown 10-4-12

October 5, 2012 | 9:21 am | Public |


[click to play]

Had a great conversation with Monica Brown covering the release of the Elliman Report: Manhattan Sales 3Q 2012. She’s NY1’s anchor for Staten Island, Queens and Rockland County.

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[In The Media] BeastTV – The Number with Dan Gross 10-4-12

October 4, 2012 | 3:45 pm | | Public |

Starting to be a regular (monthly) guest with Dan for a quick segment on “The Number”.

Today we talked about: Presidential Debates, pro cyclical, Manhattan housing, “sticky on the downside” “being a real estate pornographer”, “housing is back, baby”, single family foreclosure investors and a lot of words like: “kind of”, sort of”, “almost.”




“The Number” with Dan Gross [BeastTV]
The Elliman Report: 3Q 2012 Manhattan Sales [Miller Samuel]
The Elliman Report: 3Q 2012 Manhattan Sales [Prudential Douglas Elliman]

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[In The Media] Bloomberg TV’s ‘Street Smart’ w/ Trish Regan 10-2-12

October 4, 2012 | 2:10 pm | | Public |

Had a nice chat with Trish Regan over at Bloomberg TV on her Reganomix (I get it) segment of Street Smarts on Tuesday (bonus: I became the mayor of Bloomberg TV on Foursquare at same time).

We talked about the results of our recent market report release on Manhattan for Prudential Douglas Elliman.




The Elliman Report: 3Q 2012 Manhattan Sales [Miller Samuel]
The Elliman Report: 3Q 2012 Manhattan Sales [Prudential Douglas Elliman]

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[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]

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[In The Media] BeastTV – The Number with Dan Gross 8-29-12

August 29, 2012 | 1:54 pm | Public |

Got to talk housing with my friend Dan Gross, the Global Business Editor at Newsweek & The Daily Beast on his BeastTV segment “The Number”:

THE NUMBER: 101.7 That’s the pending home sales index from the National Association of Realtors, up over 12% from a year ago. Dan Gross and The Matrix’s Jonathan Miller reveal why we should be cautiously optimistic.

Their offices are located in the IAC building in Manhattan which is one of my faves – looks like a meringue pie. Here’s my photo from the cab:

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[In The Media] Bloomberg Surveillance w/Tom Keene 8-1-12

August 8, 2012 | 11:13 pm | | Public |

This interview occurred more than a week ago – I’m doing some blog housekeeping after returning from vacation.

Always a lively discussion on housing. I’m big on negative or low equity to explain why inventory is falling faster than sales activity can explain. Love their show. Had some issues with my earpiece constantly falling out. Apparently my ears are too big for TV (ie better listener).

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[In The Media] Yahoo!’s ‘The Daily Ticker’ With Dan Gross 7-19-12

July 19, 2012 | 2:17 pm | Public |



Had a spirited conversation with my friend Dan Gross, the economics editor at Yahoo! Finance who has a new book out.

Something I thought about before the show that I sort of mentioned but I will mention a lot more going forward:

The state of the housing market is a process rather than a moment.
ie “bottom” becomes “bottoming”, “recovery” becomes “recovering”, “turned the corner” becomes “turning the corner”.

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[In The Media] Bloomberg TV’s “Taking Stock” with Pimm Fox 7-17-12

July 18, 2012 | 10:23 am | | TV, Videos |

Had a nice conversation about the rental market with Bloomberg’s Pimm Fox, one of the nicest people you’ll ever meet, on his show Taking Stock.

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