Matrix Blog

Posts Tagged ‘Tax Cut and Jobs Act of 2017’

First Trade on Yahoo Finance TV – State of Housing

June 5, 2019 | 1:40 pm | | TV, Videos |

Its always fun to join Alexis Christoforous at Yahoo Finance TV – and I met her colleague Brian Sozzi. They’ve got a cool new broadcasting facility and I contend, the best green room in the TV business. If you’re curious where the term “green room” came from…no, it’s not that obvious.

We spent most of the time late last week discussing all the changes occurring in the NYC market this year. Fun.


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CNBC TV 4-25-19 Coverage of Elliman Reports on Greenwich and Fairfield County, CT

April 27, 2019 | 7:08 pm | | TV, Videos |

Diana Olick at CNBC reached out to me this week to talk about the Q1-2019 Elliman Report on the Greenwich, CT housing market (as well as Q1-2019 Fairfield County, CT) and the impact of the federal tax law on high-end suburban markets in NYC metro.

We spoke on Greenwich Avenue in Greenwich at 8:30 am and had to keep doing segments over because of the random roars of delivery and garbage trucks. The irony was not lost on me – a busy downtown with not a lot of empty parking spaces so early in the morning – combined with a slow housing market. Anecdotal but this is what we are seeing at the macro level – a robust regional economy with soft housing conditions.

We were set up in front of a Vineyard Vines store while I was wearing a bright Ted Baker tie (Hey, I can be a social media style influencer too). The irony in this product placement “ties” this story altogether (in my own mind). I received more feedback about my tie than I did on my content. Oh well. And for the record, Diana made very clear to me that she commented on my tie first.


Here’s the segment that also includes my friend Jennifer Leahy of Douglas Elliman, their number one agent in Connecticut who just sold the massively oversized home of 50 Cent.

New tax laws take a toll on home sales in Connecticut from CNBC.


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Bloomberg TV – Housing Related Issues in Final Version of the Tax Cut and Jobs Act of 2017

December 27, 2017 | 9:07 pm | | Investigative |

Today I joined Joe Weisenthal and Julie Hyman on Bloomberg TV’s “Bloomberg Markets” for a discussion on the impact to the U.S. Housing Market in the aftermath of the new Tax Cut and Jobs Act of 2017 that was signed into law by the president on December 22, 2017.

Here are about 2 minutes of the 5-minute interview:

Back on December 14, 2017, I provided a summary of the proposed tax bill comparing the House and Senate versions. The bills were merged into committee and signed by the president into law on December 22, 2017, effective January 1, 2018.

You can download my housing summary regarding the final version of the new tax law [pdf].

Fun side note: Here’s the stock photo of me that Bloomberg uses whenever I appear on television or radio. In this case, its projected about 15′ tall for TV. It’s a picture Bloomberg took of me about 14 years ago – circa 2003. I look like I’m in high school. I guess that shows how long I’ve been a regular contributor.

UPDATE to fun side note Someone just shared my current bio photo on the Bloomberg Terminals taken about 20 years ago.

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How the GOP Tax Bill Might Impact U.S. Residential Real Estate

December 14, 2017 | 5:49 pm | Investigative |

[UPDATE: The impact of the tax bill changed after it came out of committee and became law on December 22nd, 2017. See an updated tax law impact summary here.]

Both houses of Congress have passed far-reaching tax bills with a lot of common ground between them. The U.S. Senate and U.S. House of Representatives are in the process of merging their versions into a single bill that will be voted on, and if it gets out of committee, it will be submitted to the president for signing.

Unlike the 1986 tax reform bill, which took six months of public hearings and discussion on both sides of the aisle, this tax bill was worked on for a year by the GOP and was passed very quickly without most of the signers knowing what was actually in it. Therefore I anticipate an ongoing procession of additional insights that impact the housing market as more people read the bills or the eventual law.

This lack of transparency and vetting alone is not great news for housing, which is very dependant on an “uncertainty-free” environment. In addition, there is a “get it done before Christmas” deadline.

Here is what I mapped out but this is only what we think we know by reading many interpretations with source links presented at the bottom of the table below. Here’s the pdf version of the table.

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