[In The Media] Newsweek/BeastTV – “The Number” with Dan Gross 12-4-12
Posted by Jonathan Miller - Tuesday, December 4, 2012, 3:30 PM
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.
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