Law School Enrollment Surging A Reliable Indicator Of Rapid Economic Deterioration Consumers Think The Economy Is Breaking Quickly Trade War SaberRattling Is Tanking The Economy Before you judge me, hold on a second! The economy is weakening rapidly, and layoffs are surging as the US pushes trade wars against all our longterm allies. Then I thought about one of my dad’s favorite sayings from a...
Implementation Of Tariffs Potentially Push The Dollar Higher The Dollar Has Risen Since 2007 As International Demand For U.S. Housing Fell International Housing Demand Replaced By Domestic Migration Demand After nearly 40 years of appraising residential property in Manhattan, I've observed that there is a demand baseline of about 15% international buyers, but their concentration can triple when...
Tariffs Are Inflationary And Mass Implementation Will Cause Mortgage Rates To Rise 45% Of Americans Don't Know What A Tariff Is The Typical Car Part Crosses The Border 78 Times Apologies in advance for being too wonky today, but you'll have plenty of time to read about tariffs all weekend. A while back, I wrote that from the perspective of a housing market economy hoping for lower mortgage rates...
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...
Consumer Optimism About The Stock Market Is The Highest Ever Recorded Participants In The Stock Market Tend To Be More Affluent Overall Mortgage Rates Not Expected To Fall Sharply So Equity Withdrawals Are Favorable To Luxury Home Buyers I've been appraising Manhattan properties since 1986, and it is natural for its residents to see the financial markets as a proxy for the local economy. After...
Most Housing Analysts Think Home Prices Are Going Up In 2025 Big Banks And Wall Street Are The Most Bullish On Housing Prices Inventory Continues To Be A More Powerful Price Influencer Than Mortgage Rates Lance Lambert of ResiClub one of the best residential housing market analysts around dug in and found a bunch of housing price forecasts for 2025. The bottom line is that all major economic...
• 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
• Current GSE Forecasts Are Dated. Based On Old Expectations Of A 25-Basis Point Cut
• Anecdotal Data Bridges The Lag In Actual Data Usually Relied On For Trends
• High End Housing Continues To Outperform The Balance Of The Market
• Confidence Surveys Track The “Now” While Sentiment Surveys Track The “Future”
• Survey Reliability Is One Step Below Actual Data And Subject To Bias
• Confidence, Sentiment Surveys Don’t Consider Recent Change In Rate Outlook
Home prices rise faster than inflation after removing housing from the calculation
Greedflation has proven true as retailers try to woo back consumers with lower prices
New homes as share of total inventory at record levels from limited existing supply
The post 4-2025: Manhattan Months of Supply by Price first appeared on Miller Samuel Real Estate Appraisers & Consultants. [...]
![[Podcast] Episode 4: What It Means With Jonathan Miller](https://millersamuel.com/files/2025/04/WhatItMeans.jpeg)
Episode 4 is out! I touch on the 2 scandals coming out of the Appraisal Institute and more on tariffs. I spoke at a new development real estate event in [...]
