There Is No International Homebuyer Currency Play For US Residential Canada’s Tourism Industry Is Boycotting The US And It Will Hurt European Tourism To The US Is Plummeting, Reducing Odds Of Housing Purchases In 20062008, international demand for US real estate was exceptionally high because investors were able to make a currency play. Buyers in Europe were looking at nearly 40% discounts on...
We Still Don’t Know What We Don't Know Since The Tariffs Are Not An Economic Strategy Tariffs Are Inflationary Because They Are A Tax On The American Consumer This Ship Has Sailed: Shift To Manufacturing As US Economic Driver Every day, I endeavor to write about the nuances of the housing market. However, with the tariff tantrums coming out of Washington, DC, on an hourly basis, it is the only...
When Consumers Are Confused About The Economy, They Pause The Tariff Damage To Economy May Not Bring Down Rates If Inflation Surges The Odds Of A Recession Are Now At 60%, Up From 40% A Few Days Ago Wow. What a bizarre news cycle. This note will probably sound more like a rant than a measured discussion because that would be impossible for me. There is no apparent cohesive strategy for the...
Goldman Sachs Now Sees Three Fed Cuts Later This Year Recession Odds Are Rising Quite A Bit In Back Half Of Year Mortgage Rates Could Slide More As Economy Receives Blunt Force Tariff Trauma As I’ve mentioned here before, tariffs are inflationary, and that’s not a political statement. However, you can see in the chart below that the use of tariffs is significantly higher in Trump II than in Trump...
X/Twitter Is Chock Full Of False Housing Narratives To Drive Traffic Employees Don't List Their Homes A Few Days After Getting Fired Stating The Obvious: Former Respected Media Outlets Who Rely On Misinformation Should Be Avoided In today's insanely toxic media environment, chock full of misinformation and misdirection, the housing market is starting to experience something similar. There was a...
• Co-op Board Power Over Sales Damages Market Value
• Creating Phantom Prices By Co-op Boards Distorts Public Record
• Co-op Boards Are Reason Co-ops Sell For Ten Percent Less Than Condos
• 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
Listicles Are Often Junk And Don't Reflect How We Should Think About Housing Housing Market Content Has Been Gamified, Defying Our Loss In Mobility Thirst For Better Quality Housing Information And Avoid Lists In the effort to understand housing market behavior, consumers are forced to look at a lot of junk stats that don't inform. Since access to housing data has ramped up dramatically over the...
• The source of your real estate information is just as important as the content itself
• Housing gloom & doom sells newspapers and software, no matter the accuracy
• The US entering the next phase of the housing cycle as some look to cash in
Yeah, I love peanut butter and I accept this and this. One of the most annoying aspects of covering the housing market is that we are bombarded with junk stats. Here's an example from this Market Watch article: Mortgage rates can vary significantly by state. How many people are going to move to another state to shave off 25 to 40 basis points from their mortgage? Do consumers think the same way...
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 [...]
