Joined Deirdre Bolton to talk about the U.S. high end development residential market. We talked about softness at the NYC high end and how the cooling of new development doesn’t speak for the entire high end market.
I spoke with Deirdre Bolton on “Risk & Reward” today to speak about last weekend’s excellent New York Times real estate piece by Julie Satow called “Dialing it Down.” Deirdre focused on the metric developed during my preparation of last week’s Elliman Report of Manhattan sales in 3Q2014 showing that luxury inventory has doubled over the past year.
It was great to reconnect with Deirdre Bolton after she made the move to Fox Business from her long time home at Bloomberg TV.
We talked housing, touching on NAR’s pending home sale index release as well as research from Realtytrac concerning record prices in a growing number of urban markets.