The Real Deal New York

Not “living in tents” — yet

January 13, 2009 05:20PM

  • Print

Prudential Douglas Elliman CEO Dottie Herman says the real estate industry went through “a period of shock” in September. But Herman — who was speaking on an Inman News panel at the Marriott Marquis in Times Square late last week — said she “has to assume that most of the guys on the top end of the financial market made enough to survive — at least a year or two.” David Michonski, CEO and Chairman of Coldwell Banker Hunt Kennedy, chimed in that “they are not living in tents,” to which Herman jokingly replied: “Not yet. Because that was an alternative business we were putting together.” Meanwhile, appraiser Jonathan Miller, president of Miller Samuel and another panelist at the three-day Inman conference, said he’s viewed the last seven or eight years as “more of a mortgage boom than a housing boom.” For excerpts of the panel discussion, click on the video below.

Comments are closed.


Subscribe to our email newsletters

New York Real Estate News
South Florida Real Estate News