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Expectations Of Continued Inflation Remains Firm With Consumers The Moody’s Downgrade Of US Credit Will Drive Interest Rates Higher Rising Interest Rates = Rising Rents Consumer perception of rising inflation has been growing since the beginning of the year. The tariff tantrums are inflicting far more damage to the US economy than any other country, and the full impact has yet to be...
Rising Homeownership Costs Push Average Age Higher First Time Homebuyers Average 38 Years Old, Up From Late 20s In The 1980s The Average US Homebuyer Is 56 Years Old Throughout my real estate career, beginning in the mid80s, I remember having conversations with real estate agents about how long buyers live in their homes, referred to as "tenure." The answer I received generally averaged about 7...
The China Trade Deal Will Likely Assure Mortgage Rates Remain Elevated Consumers Acclimating To Elevated Mortgage Rates, But Uncertainty Is Worse The Tariff Tantrum Took The Momentum Out Of The Spring Housing Market When asked about the Tariff Tantrums that began a month ago, I've been describing them as "our uncertainty has uncertainty." Companies can't make plans. Corporate executives...
It's Been Four Days Since The NYT Piece, And The Appraisal Institute Sits On Its Hands The Appraisal Institute Is A Hotbed Of Sexual Harassment The Appraisal Institute Hid Fraudulent Test Scores The Appraisal Institute has been sitting on their hands since last Thursday, yet they are finally getting the attention they have long deserved. That bombshell New York Times article on the terrible...
Appraisal Institute Is The Perfect Comp For NAR’s Bad Behavior Former Appraisal Institute President Files Lawsuit Over Her Termination Missing Ethics In The Appraisal Industry’s Largest Trade Organization A while back, I wrote that the Appraisal Institute (AI) was the perfect comp for NAR's bad behavior. Today's blockbuster New York Times story Appraisal Trade Group Accused of Covering...
Consumer or Administration Still Has No Clear Understanding Of The Tariff Plan/Strategy Canadian And Chinese Exports To The US Are Plummeting, Shelves Expected To Be Lighter Within The Month Consumers Still Perceive Real Estate As Best LongTerm Investments A few nights ago, we went to bed and heard the pitterpatter of footsteps above us in the attic. As I write this post, there is a protest...
NAR’s Housing Affordability Index Is A Trade Group Stunt Rising Income Playing A Large Role In Softening Damage Of High Mortgage Rates Housing Affordability Is At Crisis Levels But Millions Are Still Buying Homes Nearly 12 years ago, my friend Barry Ritholtz wrote a takedown on NAR’s Housing Affordability Index. His conclusion? It’s worthless and still worthless, citing only one month back during...
Mansion Global Turns Ten And Is Aligned Witwi A Housing Market Segment Favored Over Next Several Years Despite Ongoing Media Disruption, There Are Countless High Quality Real Estate Sources There Are Excellent Tools Available To Manage The Tsunami Of Housing Information Let's take a quick break from the heavy topics of the past couple of weeks since it's Friday! Here's a little story. More than a...
NYC’s Net Population Has Been Growing For The Past Two Years The Population Gains Largely Came From International Migration Anecdotal Real Estate Broker Feedback Seeing More International Buyers Validated By Data Before I moved to Manhattan, my Dad used to tell me that he could buy strawberries at 3 AM any time he wanted as a resident. After I moved there in 1986, I never had any urge to buy them...
There Was A $225 Million Home Sale In Naples, The 2ndHighest In US History US Imports From China Plummeting, Projecting NearEmpty Store Shelves In A Few Weeks Last Week's Weakening Dollar Translates Into A 20% Drop In US Value Whenever I think of or use the word “Damaged,” I think of a wildly underrated DC punk album by Black Flag. For about 25 years I played tennis with a group of mid to...
The post 4-2025: 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 [...]
