August 23, 2019
Of Inverted Yield Curves, Negative Interest Rates and Skeeball
Cheryl & I are staying at our usual hotel in Rehoboth Beach, DE right now, where I grew up (some say that is in an inaccurate statement) from 1967- 1982 and then as adults, took our kids there when they were younger and now some of them are even visiting there on their own. It is a not so sleepy resort town, the “Hamptons” of Washington, DC. that grew up too and in a good way. I can assure you that right now we are not thinking of anything but Skeeball, Nic-o-bolis, Kohr Brothers orange sherbet, and vanilla soft serve custard, Grotto Pizza slices on the boardwalk, bookstores, power napping, ocean-swimming and tonight we are crashing a wedding rehearsal dinner.
Next week is another week of recovery and then the following week all hell breaks loose.
But I digress…
In the meantime, there are some great reads below, especially the extra-curricular kind.
See you next week.
Jonathan J. Miller, CRP, CRE, Member of RAC
President/CEO
Miller Samuel Inc.
Real Estate Appraisers & Consultants
Matrix Blog
@jonathanmiller
Reads, Listens and Visuals I Enjoyed
Mortgage Market Reopens to Risky Borrowers . [Wall Street Journal]
Once listed for $1 billion. Sold for $100,000. What just happened? [LA Times]
The Startups Safeguarding Real Estate Against Schemers and Scammers [Wall Street Journal]
2 Condos Were Illegally Converted Into 18 Micro Apartments In NYC [WGBH]
Here's why falling mortgage rates won't spark recovery in the housing market [Housingwire]
Welcome to housing Twitter, the shoutiest debate on the internet [Fastcompany]
Amazon Turns Northern Virginia Into Country’s Most Competitive Home Market [Bloomberg]
What’s the Deal With That Inverted Yield Curve? A Sports Analogy Might Help [NY Times]
If You Believe In Dodd-Frank, You Can't Also Believe In Fannie, Freddie [RealClearMarkets]
Negative Mortgages Set Another Milestone in a No-Rate World [Bloomberg]
The Inverted Yield Curve Deserves Better Scrutiny [Bloomberg]
New federal tax rules create advantage for real estate investment trusts [CNBC]
My New Content, Research and Mentions
Low interest rates are giving the housing market a boost [Yahoo Finance]
Much-lauded Astoria Cove project remains stalled years after Council approval [Politico]
Park Avenue Co-ops, Once Blue-Chip, Are Now Also-Rans [Habitat Magazine]
These resi brokers killed it during a historic month for NYC luxury real estate [The Real Deal]
Appraisal Related Reads
How Do Appraisers Qualify Comps? [Birmingham Appraisal Blog]
Can you use brand new sales from the builder as comps? [Sacramento Appraisal Blog]
Extra Curricular Reads
Tumblr and the End of the Eyeballs-Are-Everything Era [Wall Street Journal]
Yale’s beloved happiness class is now on the internet for free [qz.com]
Cloudflare uses lava lamps to generate a fundamental resource: Randomness [qz.com]
N.Y.C. Is on Pace to Draw a Record 67 Million Tourists This Year [NY Times]
Nick Saban Wins National Titles. He Loses Assistant Coaches. [Wall Street Journal]