Industry News

Real estate divas sing positive tune

Brokers discuss state of New York real estate

NEW YORK – They represent female power to the nth degree – some of the most powerful women in real estate together on one stage. Overlooking the Great White Way, it was real estate meets Broadway. They are real estate's "divas," but all had humble beginnings as described by Michael Saunders, founder and CEO of Michael Saunders & Co. in Florida. "I came into the industry 30 years ago," Saunders said Thursday during a panel discussion at Real Estate Connect. "I think it's difficult for anyone to get into the business today and make an impact. There was more room 30 years ago and I took advantage of it. When I began, I needed someone to sign a $5,000 note for the bank to approve the loan for me to start the business." The mood was upbeat regarding any downturn. "I believe product will be on the market for a longer period of time," said Diane Ramirez, president of Halstead Property in New York. "So we have to adjust our media schedule for that. I believe this will...

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