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Housing Markets Following An Adverse Event Tend To See Rising Prices LA's Rebuilding Effort Will Be Hampered By Slow Permitting And A Broken Insurance Industry Property Vultures The Swoop In For Deals Are Probably On The Margin A housing market after a catastrophic event such as a fire, flood, tornado, or significant tax event tends to pause with much fewer sales. Yet, prices usually don't...
Wall Street Is Getting Big Bonuses For The First Time In Three Years HighEnd Housing Continues To Be Favored In The Current Economy AI Will Replace Some HighComp Securities Industry Jobs I've always been a Monty Python fan and can talk for hours about Spam. Back in the summer of 1975, on a 5week foreign study trip in Europe, as a fourteenyearold, I did the most British thing ever. Riding a...
"Fancy" Is A Softer Way To Say "Luxury" Even Though They're Not Land Costs Are Forcing Developers To Charge Higher Rents, So Deals "Pencil In" Manhattan Rents Are Rising Again As Mortgage Rates Increase Two words have crept into the housing economy narrative: "Fancy" and "Resi," which startles me every time I come across them. "Fancy" is another way to say "luxury," and "Resi" seems to have...
The LA Wildfires Will Be The Largest U.S. Fire Event On Record Don't Blame The Insurance Carriers They Can't Provide Coverage If Insolvent State Farm Cancelled 69% Of Pacific Palisades Policies Earlier This Year When I saw the early images of the LA wildfires and I learned about all the homes destroyed, the hit song by Roxy Music, "Both Ends Burning," popped into my mind. My social media feed has...
Consumers Think 2025 Housing Market Will Be More Favorable With Lower Rates Fannie Mae Home Purchase Index Is More Specific To Housing Than Consumer Confidence Sentiment Tends To Focus On Economic Conditions. Confidence Tends To Focus on Labor I've always been drawn to hard data as a basis for analysis of a local housing market. Based on feedback from market participants and what I've been...
Manhattan Sales Are Rising Both ReSales And New Development Manhattan New Development Is Leading The Market Manhattan ReSale Price Trends Remain Weak Today's Housing Notes is an explainer to make sense of the Q42024 Manhattan Market Report: Last week, we released it, and it showed polarizing results. By the way, Manhattan Sales was the first market report series I created way back in 1994 (30...
U.S. Sales At Or Above $50 Million Was Fourth Highest In History U.S. Sales At Or Above $100 Million Was Second Highest In History Average Price Of U.S. Super Luxury Rose 7% Year Over Year Get it? Like a ship...The confusing housing market of 2024 is behind us, but not much has changed a few days into 2025, except perhaps our expectations are a little more realistic. Mortgage rates are unlikely...
There Is A Professional Thank You Industry, And It Is Counterproductive After Completing A Customer Service Transactions, Most Consumers Are Subject to A Survey Battering The Consumer With Texts And Emails Offsets The Good Service Provided I'm still in Detroit and can't find any postcards to send you, but I was thinking about our world of Google reviews. I am so thankful you found and subscribed...
It's Not Just Principal/Interest. All Homeownership Costs Are Rising. Mortgage Rates Are Not Expect To Fall Much, If Any, In 2025. With Migration Surging Into FloodProne Locations, Obtaining Insurance Becomes Key Issue. I hope all my Housing Note readers are enjoying the holidays with family and friends. I'm visiting my wife's family in the empty Macadam parking lots of strip malls in the din of...
US. Retail Supply , Especial Malls, Shrunk To Better Match Demand Consumer Spending Shows Strong Gains At Malls Mall Performance Like Office Leasing Performance Is All About Class A Before the pandemic, the retail narrative was that twenty percent of malls were going to go out of business over the next five years. Online shopping was the brickandmortar killer, and dead malls became a thing. And...
The post Miami-Dade County New Signed Contracts v. New Listings – By Property Type 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 [...]
