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Posts Tagged ‘Diana Olick’

VIDEO Nightly Business Report: U.S. Luxury Market Trends

August 6, 2017 | 7:54 pm | TV, Videos |

Diana Olick of CNBC interviewed me on the reason behind the luxury market uptick as a companion piece to her story on the luxury report released by Redfin.

The luxury real estate story starts at 20:58 into the broadcast:


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Recovering From The Use Of “Recovery” In Housingspeak

September 4, 2012 | 2:38 pm | | Public |

Last week I was quoted in a few articles pontificating about the use of the word recovery that I felt was a misleading characterization of the state of housing:

Business Insider (Jill Krasny): JONATHAN MILLER: Don’t Buy The Hype About A Housing Recovery

“We keep throwing the ‘recovery’ word around, but the big numbers are coming from sources being created from the tight market,” he told Business Insider. “Tight credit is causing rents to rise; falling mortgage rates are pushing people to buy.

International Business Times (Roland Li): Good News On The US Housing Market? Not Quite

“The use of the word ‘recovery’ is really inappropriate,” said Jonathan Miller, president and CEO of New York-based appraisal firm Miller Samuel. Inc. “We’re just stabilizing.”

In retrospect, I think some reading this may have interpreted me as being bearish on housing. Well I’m not, I just don’t think use of the word “recovery” is being used properly. Housing will likely slip a bit before it truly improves and I think “improvement” means real stability. “Recovery” means:

an improvement in the economy marking the end of a recession or decline.

In other words, I interpret the word “recovery” as getting better or at least not getting worse. While housing is showing gains in sales and price, it’s too soon for all the hyperbole.

Perhaps many view the word “recovery” as a process such as this great post by Diana Olick at CNBC that covers all the housing bases. I can agree with it being some sort of “process.” However I think the word when used by people in the business of real estate is different than when used by the consumer. I feel strongly that the use of the word implies to the consumer that the housing market will soon return to the heady days of yore (my recent fave saying) and that’s not what is happening.

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[In The Media] CNBC SQUAWK On The Street 7-2-09

July 2, 2009 | 1:13 pm | Public |

Diana Olick did a nice job covering the important points on the release of our Manhattan Market Overview 2Q 09.

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[In The Media] CNBC 4-2-09

April 2, 2009 | 11:57 pm | Public |

Yesterday Diana Olick, the housing reporter for CNBC sought me out to talk about the state of the New York housing market. I had short notice but the studio is located at 30 Rock which isn’t far from my office. It’s my second consecutive non-tie interview at CNBC so dammit I’m a rebel. We taped for about 20 minutes and then they used this portion of it in their show today.

Diana’s Realty Check blog has been on my blog roll for a long time so it was nice to get to speak to her before the interview.

Watch the video.


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