Audio – Hey buddy, got $10 million to spare?
There’s an old joke about the horse who walks into the bar and the bartender asks, “Hey, why the long face?”
Well, the real estate industry has a collective long face these days — almost everywhere.
Pam Liebman, president and CEO of The Corcoran Group, is the exception to the rule. Liebman, whose firm specializes in selling high-end New York City properties, has been very busy recently despite the credit crisis, subprime meltdown and fears that Wall Street is in the midst of what will stack up as some pretty major layoffs.
Speaking to the Reuters Housing Summit on Tuesday, Liebman said her firm is looking forward to the Spring selling season with optimism and also talked about how some of the other key properties in the city are doing these days.
Liebman was one of the featured speakers during the first day of the summit, which runs through Friday in New York, London and Washington, D.C.