Power broker Dolly Lenz warns housing data trackers: VIDEO

TRD MIAMI /
Sep.September 07, 2012 03:00 PM

Prudential Douglas Elliman power broker Dolly Lenz appeared yesterday on CNBC’s “Power Lunch” to discuss the housing market (see video above). She told buyers and sellers that they must cast a skeptical eye on housing data — whether it be from Case-Schiller, the National Association of Realtors or RadarLogic — especially when different reports arrive at contradictory conclusions.

“Any buyer or seller of real estate — this is a huge decision for anyone — it’s the biggest decision in their life financially,” she said. “They should be skeptical of data and make sure the data matches.”

Several times throughout the interview Lenz repeated the mantra “trend is your friend.” That is, when housing data and related reports on jobs, mortgages and the overall economy, are all pointing in the same direction, that’s probably the true direction of the market. Right now, Dolly Lenz concluded, the trend is clearly pointing up. [CNBC]Adam Fusfeld


Related Articles

arrow_forward_ios
Meet the next generation of home buyers: millennials

Meet the next generation of home buyers: millennials

Placeholder image

New York brokers face off on Bitcoin: VIDEO

Placeholder image

Dolly Lenz leaving Elliman: sources

Placeholder image

Lenz, Bailey weigh in on recovery timeline

Placeholder image

Elliman’s Dolly Lenz says buyers beware of foreclosed homes

Market Snapshot: Highlights from The Real Deal’s forum

Market Snapshot: Highlights from The Real Deal’s forum

Placeholder image

Elliman’s Dolly Lenz talks about buying foreclosed homes

From left: Bastian Laggerbauer and Harry Blyden, with 17720 Pines Boulevard

Argentine investor pays $10M for Pembroke Pines retail/office complex

arrow_forward_ios