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...
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...
Time Really Flies When You Write A Newsletter It's Been A Decade?!?!?!? WaPo Tracked DC Homes By Paint Color To Correlate With Gentrification Trends Like Exterior Paint Color Trends, We've Seen Plenty Of Emphasis On Interior Color Schemes On March 6, 2015, I sat down to write a newsletter different from my Matrix Blog after I grew tired of writing up to 5 blog posts a day since 2005. Housing...
Since 2018, submarkets that experienced falling prices accounted for more than half of all markets. The difference between the share of falling markets by price and rising markets widened significantly over the decade. Market optics of the highend market smothered the impressions of the overall market. Yesterday our Manhattan Decade report was featured online in the New York Times (free link) and...
Manhattan Price Trends And Listing Inventory Slid As Sales Edged Higher. Sales Of Four Or More Bedrooms Experienced The Most Significant Increase. The Slew Of New Ways To Look At Data Doesn't Seem To Keep Most Any More Informed This week, we released our 58page Manhattan Decade Report, a tenyear moving window of annual housing market results of the Big Apple. At each yearly launch, I eventually...
Listing Inventory Continues To Be The Most Important Metric On Housing Market Performance The Rise Or Fall Of Listing Inventory Is A Local Market Metric Florida Is Seeing More Inventory Growth On The Gulf Side I've touched on this issue before there are a number of people on X/Twitter (which has officially become a digital cesspool) shilling for apps and services, by presenting supply in a...
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 [...]
