Coldwell Banker CEO Is Guest on CNBC Housing Segment

By
Real Estate Broker/Owner with Coldwell Banker Select Professionals

Jim Gillespie, president and CEO of Coldwell Banker Real Estate LLC, participated in a discussion about the state of the housing market live from the New York Stock Exchange on CNBC last friday.  Mr. Gillespie  participated on the "Roadmap to Rebound" segment hosted by Maria Bartiromo.  Yale economist Dr. Robert Schiller and Sanjiy Das, CEO of CitiMortgage, also participated. Here's the conversation, which was very enlightening:

Mr. Gillespie called upon government leaders to enact a $15,000 non-refundable tax credit to ALL buyers and also a mortgage buy down that would bring rates to the 4-4.5% range which NAR reports could generate an additional 840,000 home sales over 12 months.  This home buying activity would have major implications in stimulating the overall US economy since NAR also reports that each home sold generates more than $60,000 in economic activity.  The proposal would also have a greater impact on foreclosures than the current stimulus package.

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Thought Leader
Groups:
Coldwell Banker Group
Realtors®
The Lounge at Active Rain
Tags:
jim gillespie
coldwell banker
cnbc
maria bartiromo
robert schiller
housing recovery
housing outlook

Spam prevention
Show All Comments
Rainer
5,855
Angie Grossman
Wichita, KS

It sounds wonderful, but I don't believe it will happen. If only it would!

Mar 25, 2009 04:20 AM #1
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
34,282

Coldwell Banker

Select Professionals
Ask me a question
*
*
*
*

Additional Information