It was agreed that the key issue remains job creation. While we are seeing some positive growth it continues to fall well behind population growth. Need job creation for credit to improve and housing to recover.
Foreclosures need to be allowed to be absorbed. Moratoriums simply delay the problem.
We’ll see at least 3-5 more years of current market conditions.
Low interest rates are keeping credit tight.
Ken has been a long time econ hero of mine and I found out he reads my research – even better! He says “Washington is dumb” – they shouldn’t be reigning in spending when economy is floundering.
Doug and Gary shared some great insights as well. Since the economic news was basically gloom and doom, I asked the panel at the end of the session to provide something encouraging even if they had to extract it from the dark depths of their pysche.
Mortgage rates at record low and far more impact to lock in a lower rate even if prices slip more.
Trade deficit dropping by leaps and bounds – helpful for manufacturing jobs.
Most types of credit (other than residential) is starting to show signs of (nominal) easing.
Note: David Pogue was crushing it with the audience as the keynote before us and we were hunkered down in the green room – 1 appraiser + 3 economists (ie the dismal science) fretting about going on after him. Thankfully there was a short presentation before us to diffuse the enthusiastic audience and I think we even got a few laughs.
The entire conference, which starts on Wednesday, is full of great resources and accomplished professionals. Ryan Slack, the founder of GreenPearl, is focused on providing content that people can actually apply to their everyday work experience.
Posted by Jonathan Miller -Monday, April 26, 2010, 8:44 AM Comments Off
Tomorrow morning, I get to be the keynote speaker for this event – a brief presentation. Vivian Marino of the New York Times and her distinguished panel gets to do the heavy lifting. Online registration is here.
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.
Posted by Jonathan J. Miller -Monday, April 6, 2009, 12:51 PM 1 Comment
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.
The event has sold out each time, so get your tickets early. I participate in this event because its fun – Paul is a great moderator. Also, the 92Y is a fantastic resource to explore with a wide array of programs. Their 92Y Blog is very well done and worth checking out. Its been on my Matrix blogroll for quite a while.
They have also invited Pamela Liebman, president and CEO of the Corcoran Group as well as Alan Rosenbaum, president of Guard Hill Financial, a mortgage broker. I’ve known Pam for much of my career – beginning when she was an agent and I was just starting out as an appraiser. My firm has been hired periodically by Alan’s firm but I don’t know him that well so I am looking forward to his insights mortgages and underwriting.
The event will be held on Thu, Mar 5, 2009, 8:15pm-9:30pm at the East 92nd St/Lexington Avenue location.
Posted by Jonathan J. Miller -Thursday, January 15, 2009, 2:36 PM 6 Comments
Here’s a quick video snippet of the last two panels of the 2009 New York Inman Connect conference which is always a great time. I was invited to speak at the main session for the last panel of the conference.
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... Read More
