Time to read [4 minutes] The FARE Act Raised NYC Rents About 12%, Annualized Manhattan Median Rent Was Highest In History In Four Of Past Five Months One Out Of Four Manhattan Rentals Leased For More Than Asking Price Well, the rental month of June is over [gift link], and the FARE Act is officially embedded into the rental market (tenants will pay broker commissions in the form of higher rent...
Manhattan Cash Sales Surge To A Record 69.1% Market Share Listing Inventory Saw Modest 3.1% Annual Gain As Luxury Fell 21.2% Sales Jumped 16.6% Annually To Highest Level In Nearly Two Years My headline is somewhat misleading. The Manhattan housing market had firm results for Q2 [gift link] in contrast with the ontheground sentiment of the real estate community. One thing I...
While US Rental Market Prices Remain High But Stable, NYC Rental Prices Reached New Highs Tariff Policy Sharply Reduced The Likelihood Of Lower Mortgage Rates FARE Act Passes, Shifting Agent Commissions From Tenant To Landlord While I closely track the NYC rental market, it’s getting harder to find words to rhyme with “rental” after overusing “mental” and “dental” in previous posts. While finding...
A Redfin Study Says There Are More Sellers Than Buyers Redfin Is Crushing Zillow On Housing Market Conversation Nuggets The Study Doesn’t Consider Private Listings And Pentup Demand Redfin has a wizbang calculation to quantify how many buyers and sellers there are. I will break their effort down and point out a few problems with it. They tend to get more ink because they are more negative in...
National New Listing Inventory Has Returned To Normal Levels New Listings Are A Better Test For Current Conditions Than Total Inventory Palm Beach County Florida Continues To See Inadequate Supply New listing inventory is helpful in telling what is currently entering the market. Most reported inventory tends to be cumulative, which is the total of everything on the market, no matter how long it...
Housing Prices Are Rising Sharply On Long Island And The Hamptons Sales In The Long Island Suburbs Are Falling While Rising In The Hamptons Wall Street Record Profits/Bonuses Expected To Drive More Hamptons Sales Despite Financial Market Volatility I first heard the band Beruit play live at Lincoln Center with another favorite band, Calexico. The venue overlooked Central Park, and the entire...
Brooklyn Is Going Through A Global Rebranding, So Housing Prices Continue To Soar Brooklyn Listing Inventory Is Consistent With LongTerm Norms, Inadequate For Years The OftenCited “One Quarter Of Americans Have An Ancestor Born In Brooklyn" Is Not Confirmable. The Brooklyn housing market has remained vibrant relative to the rest of New York City in good and bad economic times, and it remains...
The Tariff Tantrum Is Pushing Mortgage Rates Higher Higher Mortgage Rates Push Rental Prices Higher Higher Economic Risk Restrains The Upswing In Housing Demand Over the last couple of days, even the uncertainty about the economy has uncertainty. It’s the incredible volatility that is causing the damage; not how much the financial markets may rise or fall in a day. It’s become evident that there...
Manhattan Sales Are Back To Long Term Norms Manhattan Prices Are Up, With Greater Gains At The HighEnd Even In A Market Dominated By Cash, The Rate Of Financed Sales Gains 2X Cash I’ve told this story before, but please indulge me. In early 2023, several reporters asked me how the Manhattan housing market would look. My description? “The Year of Disappointment.” (Hey, I’m not a marketing guy). A...
US Monthly Signed Contract Increased Year Over Year The Midwest, Savaged By The Polar Vortex In January, Fought Back In February NAR Seems To Have A Supercharged Spellchecker Although still weak, more contracts were signed in February than the month before after adjusting for seasonality. In the NAR Pending Home Sales press release, it said "Pending home sales in February augmented 2.0%.” This...
The post 6-2025: 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 [...]
