• NAR Membership Is Wildly Bloated By “Ghost” MLS Members
• If NAR Membership Collapses, Research And DC Lobbying Efforts Will Stop
• Florida Has The Most Real Estate Agents Per Capita, And DC Has The Fewest
• The Fed Gives Housing Sales A Lift With Unexpected 50-Basis Point Cut
• The Fed’s First Rate Cut In Four Years Expected To Pull Mortgage Rates Lower
• Its A New Era With Six More Rate Cuts In The Forecast Through 2025
• A Manhattan Townhouse Set The Record For Time On Market [21 Years]
• The List Prices Of The Past 15 Years Trended Lower While Market Trended Higher
• The Housing Market Is Heartless And Doesn’t Care What Price You Need
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• NYC Crime Rates Haven’t Fully Returned To Pre-Pandemic Levels But Are Lower Than Much Of The U.S.
• One-Third Of NYC Price Appreciation Due To Drop In Crime
• You Can Still Buy Strawberries At 3 AM In Manhattan
• Half Of Income Inequality Is Attributable To Dating Apps Since The Mid-90s
• App Usage Correlated To Emphasis On Luxury Real Estate
• Many Housing Markets Saw Greater Gains In Luxury Prices Over Remainder
• The S&P 500 Outperforms Average Trading Days On Friday The 13th
• Wages Are Rising More Than Pre-pandemic And Mortgage Rates Are Falling
• FOMC Expectations Remain At Three Rate Cuts In 2024
Subscribe to ‘Housing Notes’ to receive Jonathan Miller’s insights and research.
• NYC Rents Are Past Peak And With Fed Cuts, Will Likely Weaken This Fall
• U.S. Rents Growth Is Cooling, Likely To Soften with Fed Cuts
• The Annual Surge In NYC Sales Contracts Is The Precursor To Fed Cuts
• 9/11 Imagery Is Obviously Seared Into The Memories Of People That Were There
• NYC Outbound Migration After 9/11 Reversed Within 3 Years
• Manhattan Housing Tends To Recover Within 2 Years After A Catastrophic Event
• The Median Age Of All Homebuyers Is 49, Up From 31 In 1981
• First-time Homebuyer Age Is Only Up About 6 Years Over The Past 43 Years
• Repeat Buyers Are Aging Because They Have More Housing Options
Subscribe to ‘Housing Notes’ to receive Jonathan Miller’s insights and research.
• NYC 2023 Rental Law Was Really About Enforcement Of Laws On The Books
• Rental Terms Of Less Than 30 Days Were Illegal In Multi-Families Before LL18
• Airbnb Hosts Earn 2.5 Times The PSF Of Traditional One-Year Leases
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 [...]