If this dot matrix image looks like its pulsating, then its time to take a vacation immediately. It did to me. See you next week.

Jonathan Miller

2 Responses to “Matrix Gets Vacationistic: Back Wednesday August 23, 2006”

  1. John K says:


    “We have a classic stand-off between buyers and sellers in New York,” said Miller Samuel CEO Jonathan Miller. “Housing inventory is at the highest level since the late 1980s and demand has cooled off.”

    Is this true? Has demand cooled off (are there less closings, over the past couple of months?), or is the increase in supply purely a result of new condo developments coming on the market?

  2. Jonathan J. Miller says:

    Yes demand cooled as evidenced by the lower number of sales. Without the new developments, inventory (re-sales) is up by about a third over last year.