Matrix Blog

Posts Tagged ‘Television’

[In The Media] Bloomberg News 3-23-2010

March 24, 2010 | 12:18 pm | | Public |


[click to play clip]

I did a short interview on Bloomberg yesterday regarding their coverage of Knight Frank’s 2010 Wealth Report

The Bloomberg coverage was in reference to my contribution to the report via interview where they matched me up against their analyst Xavier Wong, Head of Research for Greater China and Hong Kong.

The prime New York market, where prices fell 12.5% in 2009, is gaining strength , but the recovery is tentative, says Leading New York property commentator Jonathan Miller

The frozen market in Manhattan in the first half of 2009 gave way to a much stronger second half of the year. By the summer, the market began to see a recovery in sales activity following an improvement in economic confidence prompted by a revival in the stock market.

While the market has undoubtedly improved compared with last year, we ought not to get too excited. The recovery of late 2009 was a short-term uptick, due in large part to a release in pent-up demand. My view is that the surge in demand is not the start of a rising housing market. While sales are up sharply, prices have moved “sideways.”

I have some lingering concerns for the New York market in 2010. The market has been aided by government stimulus measures – tax credits for first time buyers, in particular. This package will expire in mid-2010. While the US economy is growing, the high rate of unemployment – around 10% and somewhat higher locally – as well as a tight mortgage lending environment do not provide a firm basis for ongoing growth in house prices.

A real fear for 2010 is rising mortgage rates, currently at near record lows. The potential for growing foreclosures, which were not a problem in 2009, is another real factor.

One segment of the market that has seen a noticeable uptick has been international demand, where the weak dollar has prompted interest from Asia, Europe and South America. Demand from South Korea has also become more noticeable.

Looking outside New York, both Boston and Washington DC have also improved, with rising resale volumes in both markets. On Long Island, the Hamptons luxury second home market has surprised everyone with its resilience to date. As a discretionary market, there was general concern that this region would see large declines in prices and sales from the 2008 and early-2009 market turmoil. In fact, both sales and price trends have remained in line with the Manhattan market.

Watch the clip which summarizes the report [Bloomberg]
Open 2010 Wealth Report [Knight Frank]


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[In The Media] Bloomberg Surveillance March 12 7AM

March 11, 2010 | 7:55 pm | | Radio |


[click to open]

Friday Morning March 12, 2010 7:00 AM to 8:30 AM [TOMORROW]

Usually I post something AFTER I speak, but since I was invited to “guest co-host” (in title only since I’ll have no idea what I am doing) Bloomberg Surveillance tomorrow, I thought I’d give a head’s up. I’ll be on with Ken since Tom will be traveling.

Talking mortgages, housing, mods, short sales, foreclosures. Always fun to be in the studio.


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[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 | | Radio |


[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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[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.


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[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.

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[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

Fun!

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.


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[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].


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[In The Media] Bloomberg TV: 7-9-09

July 10, 2009 | 10:35 pm | | Public |

Bloomberg called me to last minute to have a conversation with anchor Carol Massar and real estate reporter Oshrat Camiel on our just published Manhattan Rental Market Overview 2Q 09.

Watch the clip.

Always a pleasure – Bloomberg runs an efficient operation and you can’t beat their snack bar.


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[In The Media] NY1: 7-10-09

July 10, 2009 | 9:35 pm | Public |

Here’s NY1’s coverage of our 2Q 09 Manhattan Rental Market Overview released yesterday. Jill always does a great job covering real estate topics.


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[In The Media] CBS-TV Channel 2: 7-2-09

July 6, 2009 | 3:20 pm | Public |

Here’s a quick tv interview I did with Magee Hickey of WCBS-TV 2 in New York covering the report release. She was very nice and almost apologetic saying the segment would be brief and not cover the study in depth because of time. However, I feel she did a great job and got the main points covered. More of a challenge considering the fact she had been working since about 2am that morning and the interview was done at about 2pm.

Here’s the Magee Hickey article and here’s the video covering the results of the report.


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