Industry News

CEO offers more than song and dance

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

David Michonski is CEO and chairman for Coldwell Banker Hunt Kennedy, a major real estate brokerage company in New York City. The company was originally founded in 1988 by William Morris Hunt III and JoAnne Kennedy -- David Michonski and Coldwell Banker acquired the company in 1996. Michonski will speak at the Real Estate Connect conference in New York City, which runs from Jan. 7-9, 2009.He answered a set of questions posed by Inman News: What do you see happening in the real estate market in 2009? A bottoming and slow recovery. Prices should bottom in the winter and it should be a recovering spring market. There is just too much pent-up demand and with building permits plunging and with new construction grinding to a halt. Everything is now in place to sop up the huge excess inventory. That should start in the spring (if not sooner), and inventory should be declining through most of 2009. What advice do you have to help real estate agents and brokers get through this m...