Housing slump to continue at least another year: Herman

TRD MIAMI /
Sep.September 30, 2011 02:53 PM

Prudential Douglas Elliman CEO Dottie Herman appeared on Fox Business this week (see video above) to talk about the consistently fluctuating housing market. Reports such as the S&P/Case-Shiller Home Price Index give a view of the national as a whole, she said, but don’t’ reflect activity in unique markets such as New York. “You have to really look at your local market to determine what’s going on… Interest rates are the lowest they’ve been… the banks just really have to start lending,” she said. While national home prices are continuing to exhibit seasonal strength, according to the S&P/Case-Shiller Home Price Indices’ data through July, Herman said she expects the housing slump to continue for another year at least.


Related Articles

arrow_forward_ios
Home prices rising at fastest rate in years: Case-Shiller

Home prices rising at fastest rate in years: Case-Shiller

Home prices rising at fastest rate in years: Case-Shiller
Miami home prices increase 5% in June, year-over-year, lagging national average: S&P CoreLogic Case-Shiller

Miami home prices increase 5% in June, year-over-year, lagging national average: S&P CoreLogic Case-Shiller

Miami home prices increase 5% in June, year-over-year, lagging national average: S&P CoreLogic Case-Shiller
Miami home prices increase 5.3% in May, year-over-year, lagging national average: S&P CoreLogic Case-Shiller

Miami home prices increase 5.3% in May, year-over-year, lagging national average: S&P CoreLogic Case-Shiller

Miami home prices increase 5.3% in May, year-over-year, lagging national average: S&P CoreLogic Case-Shiller
Miami home prices up 5.4 percent in April, year-over-year: S&P CoreLogic Case-Shiller

Miami home prices up 5.4 percent in April, year-over-year: S&P CoreLogic Case-Shiller

Miami home prices up 5.4 percent in April, year-over-year: S&P CoreLogic Case-Shiller
Miami home prices up 6% in March, year-over-year: S&P CoreLogic Case-Shiller

Miami home prices up 6% in March, year-over-year: S&P CoreLogic Case-Shiller

Miami home prices up 6% in March, year-over-year: S&P CoreLogic Case-Shiller
Miami home prices up 6.7% in January, year-over-year: S&P Corelogic Case Shiller

Miami home prices up 6.7% in January, year-over-year: S&P Corelogic Case Shiller

Miami home prices up 6.7% in January, year-over-year: S&P Corelogic Case Shiller
Miami home prices up 6.8% in December, sixth highest rise nationwide: S&P CoreLogic Case-Shiller

Miami home prices up 6.8% in December, sixth highest rise nationwide: S&P CoreLogic Case-Shiller

Miami home prices up 6.8% in December, sixth highest rise nationwide: S&P CoreLogic Case-Shiller
South Florida home prices increased at a slower pace in November: Case-Shiller

South Florida home prices increased at a slower pace in November: Case-Shiller

South Florida home prices increased at a slower pace in November: Case-Shiller
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...