NYC Rentals Are Setting New Price Records As Mortgage Rates Remain Stuck Manhattan Is Not A Leading Indicator For The US Housing Market Multifamily Sales Are Expected To Go Big In 2025 Back in college, I remember reading a story about the first lead singer for Van Halen getting into a bar fight, saying his adversary’s problem was “more dental than mental.” I applied the literary flex to today's...
"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...
While Renters Drove The Suburban Housing Boom During The Pandemic, They Still Love Urban Markets NYC Rents Have Begun To Rise Again As Mortgage Rates Remain Elevated Sun Belt Housing Supply Grew Faster Than Its Massive Population Growth The initial thinking during the market frenzy of the pandemic era was that consumers would seek space over location and in NYC's case move to the suburbs. After...
Airbnb Battled NYC For Years But Lost With A 2023 Law That Crushed The Market New Bill Exempting 12 Family Properties From Significant Restrictions Being Proposed In Reality, NYC Is A Rental Market, Dominated By Rentals Don't get me wrong. I love New York. However, I have found that economic market forces have always been a tough topic for both New York State and New York City to grapple with...
Adam Neuman Is Personally Worth 110 Times The Value Of WeWork His 2022 Miami Startup Flow Is Backed By a16z, A Leading VC His Investors Seem Driven By FOMO, Not The Potential Upside Adam Neumann, the wellknown founder of WeWork and his new startup, Flow, has a personal net worth of about $2.3B. His former company is now only worth about $21 million. While I've been involved in several startup...
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...
• 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
• Wall Street Accounts For ±1% Of Single Family Purchases
• Listing Inventory Remains Challenged As Rates Were Held Too Low For Too Long
• Overall Investors Account For Less Than One-Third Of All Home Sales
The post Manhattan Market Share Of Cash v. Financed Sales first appeared on Miller Samuel Real Estate Appraisers & Consultants. [...]
My friend and Chicago appraiser colleague Michael Hobbs interviewed me for a two-part podcast: "The PahrooZings Podcast showcases inspiring appraisers and professionals who are field-leaders.” I met Michael through our [...]
