On Friday I taped an interview with Christine Romans, host of CNN’s Your Money on the housing recovery and why rising mortgage rates aren’t necessarily a bad thing. She’s a very engaging interviewer – plus it’s always fun to visit the studio.
This clip captures a large part of the interview – there were three more Q&A volleys on the televised broadcast omitted in this clip – they’ll be airing them in other segments.
Just catching up here on Matrix – had a great visit with Christine Romans on CNN’s Your Money a week ago. Also go to meet Rana Foroohar, Assistant Managing Editor at Time Magazine (sitting next to me but not in the clip) who interviewed me for her column “The Housing Mirage. Good stuff.
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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About Jonathan Miller
Jonathan Miller is President and CEO of Miller Samuel Inc., a real estate appraisal and consulting firm he co-founded in 1986. He is a state-certified real estate appraiser in New York and Connecticut, performing court testimony as an expert witness in various local, state and federal courts. He holds the Counselors of Real Estate (CRE) and Certified Relocation Professional (CRP) designations. He is an Appraiser “A” Member of the Real Estate Board of New York and a member of Relocation Appraisers and Consultants, Inc. Learn More...
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“His market reports are to the Manhattan housing market what those brackets are to the NCAA Tournament.”–New York Observer
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“Jonathan Miller...Manhattan’s most revered independent appraisers of residential property.”–Daily Telegraph (UK)
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“Renowned appraiser and [Matrix] real estate blogger, Miller is a statistical wizard. Can dodge bullets in slow-mo.”–Real Estate Tomato
“Matrix: One of the top five U.S. real estate blogs.”–Inman News
“Jonathan Miller, an appraiser dubbed 'the Wikipedia of Manhattan real estate.'”–Barrons
“Expert Appraiser Jonathan Miller: New York City’s Real Estate Data Wizard”–Epoch Times
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“When it comes to markets trends, nobody knows the multiple NYC real estate markets better than Jonathan Miller.”–John L. Heithaus, CSO, BuyerMLS
“Our sherpa in the land of broker euphemism for the current state of the housing market.”–New York Observer
Read my latest Bloomberg View column Rent Control vs. Keeping Landlords Happy. Here’s an excerpt… The past few weeks have offered a window on the tensions between landlords and tenants in New York’s real estate market. Amid the political machinations… Read More