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Redfin Report Shows Higher Property Tax Gains In Sunbelt States Texas And Florida Lead The Pack For States With Largest Gains The Extension Of The SALT Tax Is A Big Economic Unknown Along with higher mortgage rates and rising insurance costs, property taxes are surging. The Sun Belt is experiencing growing pains reflected in higher costs that came from extra support services needed during the...
An Explosive NYTimes Story Exposed The SelfDealing Of NAR Senior Executives American Real Estate Association Is A New Competitor To NAR's Monopoly Appraisal Institute Is The Perfect Comp For NAR's Bad Behavior The National Association Of Realtors (NAR) got another dose of bad press yesterday when their selfdealing was examined in depth by the New York Times by Debra Kamin. She has been relentless...
Super Luxury Homes Are More Commonly Exceeding The $100M Threshold These HighEnd Sales Are Long Term Asset Acquisitions As Buyers Bet On Future Higher Prices The $200 Million Sales Is Beginning To Be A Little More Common Americans have an unhealthy obsession with billionaires and real estate provides the perfect playground. Because I'm a dull and boring numbers guy, one of my hobbies since 2014...
After Weakening Rents Since The Summer, Prices Are Rising Again Rising Mortgage Rates Are Pushing WouldBe Buyers Back Into Rentals The Housing Market Distortion From Rising Rates Is Confusing Consumers It was a pleasant summer for New York City tenants while it lasted. After months of flat to declining rents, the Fed rate cut of 50 basis points in midSeptember did perhaps the opposite of its...
NAR Is Toxic Entity Per DOJ Actions So The MLS Industry Is On Their Own Local Appraisers Need To Convey To Their MLS The Fields Needed To Fairly Value Purchase Prices Recorded Will Vary Significantly Based On How Commissions Are Handled Since the SitzerBurnett decision in 2023 and the NAR Settlement in 2024, the real estate brokerage world has been largely devoid of leadership. Multiple Listing...
More Than 80% Of New Home Sales Enter Homeowner Associations (HOA) The Implementation Of Tariffs Across The Economy Will Snuff Out Rate Cuts Financial Markets Tend To Be Wrong About Future Fed Cuts I started writing this post thinking about the greater cost of homeownership we've experienced through larger homeownership association (HOA) costs higher mortgage rates, rising property taxes, and...
Manhattan Contracts Have Soared Year Over Year Every Month Since July Miami Contracts Decline As Listing Inventory Increases From Record Lows Miami Is More Dependent On Lower Mortgage Rates Than Manhattan Due To Lower Price Point We released our new signed contract reports for New York and Florida today. The comparison between Manhattan and Miami showed both similarities and differences worth...
The Election Impact On The Housing Market Probably Hasn't Changed Much Polling Data Reliability Is Terrible And Should Be Considered Worse Than Survey Data Housing Note Readership Is Up! I'm still processing last night's election results and what it all means so forgive this light post. Talking about the housing market today seems almost trivial. I look forward to shifting gears a bit in my next...
The Iowa Poll Results Suggest The Polymarkets Are Way Off Election Outcome Probably Had A Big Impact On The Direction Of Mortgage Rates Betting Markets Still Seem Dicey On Political Topics I got a ton of feedback on last Friday's post: Why Are Mortgage Rates Rising Since The Fed Rate Cut? Blame Offshore Crypto Trading. Since Tuesday is election day, it is the only thing most participants in the...
Mortgage Rates Have Risen Sharply Since The 50 Basis Point Cut In September GOP Economic Policy Centerpiece Are Tariffs Which Are Inflationary Polymarket Offshore Trading Has Been Manipulated And Consider As Basis For GOP Win What? Many in real estate have been scratching their heads a lot lately. The Fed implemented a 50 basis point rate cut in midSeptember yet mortgage rates have risen for five...
![Brooklyn Rental Listing Inventory by Month [Average from 2010]](https://millersamuel.com/files/2024/10/Oct24BKLYNrent-invBYmo-1200x786.jpg)
The post Brooklyn Rental Listing Inventory by Month [Average from 2010] first appeared on Miller Samuel Real Estate Appraisers & Consultants. [...]
This week I joined Jim Duncan and his colleagues at Nest Realty in Virginia. I've known Jim for years through our mutual online writings. His Jim's Note has always been [...]
