CNBC's Squawk Box interviewed Diane Ramirez, Halstead Property; Michael Katz, Sterling American Property; Don Peebles, Peebles Corporation and Liz Ann Sonders, Charles Schwab. They all had positive things to say about real estate. Many of the comments were about New York City real estate, Manhattan, Miami real estate, and Florida. It is a realistic, six minute, conversation between leading investors who are realistically positive on real estate.
The interviewer, Carl Quintinilla, tries to push a little negatively, but even after Peebles talks about the current numbers for Manhattan real estate, he and the other interviewees all are calming and confident that real estate is strong and improving. In the last minute of the interview, Peebles says, "Wall Street tends to panic ... (some investors) made imprudent investments ... it wasn't real estate that drove the supply, it was this abundance of capital (supporting inexperienced developers) ... what did they expect?" He says that the Florida real estate market will be a good investment again in six months, and that New York is one of the safest real estate investment in the United States.
See the 6 minute interview here.
Heath Coker, Associate Broker
Robert Paul Properties
www.CapeGroup.com / capegroup@capegroup.com
508-274-5613 Licensed in MA
Its a beautiful day on Cape Cod!
@CapeGroup Skype: heath.coker
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