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New York

Bloomberg upbeat at industry banquet

While the brokers chatted amongst themselves about the slowing of the Bronx real estate market, Mayor Michael Bloomberg tried to bring a dose of optimism to the 85th annual banquet of the Bronx-Manhattan North Association of Realtors at Marina Del Ray Caterers last night.

Bloomberg said in his conversations with New Yorkers, he’s seeing signs that the economy is improving. “[People] are starting to say they have paid off their credit cards,” he said.

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He encouraged real estate professionals to look forward to the end of the recession. “One day, when the economy turns around, we’re all going to be in the right place at the right time.”

And Bloomberg urged the approximately 250 brokers in attendance to think back on the history of the Bronx-Manhattan association. “In 1924, the first Macy’s Thanksgiving Day parade [was held], and this organization was founded,” Bloomberg said. Before that, “nobody ever thought they would get to the Bronx.” TRD

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Michael Bloomberg