Housing Is The Drug

June 24, 2022

I’m on vacation this week in the U.S. tourist mecca we all know as the Detroit suburbs and when I visit, I think back to my college days and the discovery of new music.

It’s the fiftieth anniversary of Roxy Music’s first album. My college roommates at Michigan State found some (well, most) of my music choices irritating and Roxy Music was one of them. It strayed quite far from the glam rock mainstays at the time of Boston, Styx, Journey, REO Speedwagon, Foreigner and Head East. Not that I disliked any of those, but it wasn’t Roxy Music. I absolutely loved their unique sound and quickly acquired their entire catalogue after hearing the following song. Plus of course “Love is the Drug” from Siren with the Jerry Hall cover.

But I digress…

Oh, and get ready for a slew of bombshell Elliman reports in July.

But I digress…again…

Marketplace Radio: Are rising mortgage rates already cooling the hot real estate market?

Yes.

Comedian John Oliver’s Take The U.S. Rental Market Is Darn Informative(NSFW)

This is a very detailed look at the state of the U.S. rental market – there’s so much more to it than high rents. And it’s not pretty.

Once Again, The Onion Proves To Be Real News: The Fed Raises Rates

Fed Raises Interest Rates In Effort To—Hey, Pay Attention, This Is Important! [TheOnion]

WSJ VIDEO: A Good Overview On The State Of The Housing Market

REBNY: State Of The New York Market From Many Perspectives

I had an informative conversation with my real estate colleagues on this week’s REBNY panel “How’s The Market: All-Stars Weigh In.” See the link below the promo image.

See link and password below. Be sure to copy the entire link.

WEBINAR RECORDING (go to 6:58)
https://us02web.zoom.us/rec/share/u-iQ3iZpDwDvhFWElPOlz_H5TqpumSx3oSqn7l7OBQOhh066FlGcVF1k3NW_iLnX.NzcZNYPQ-PTKajf1
Access Passcode: hi$@5mZL

Hey Guess What? Housing Markets Have Cycles, Even From 1850 to 1950!

Here’s a cool map I found at Bary Lawrence Ruderman Aintique Maps Inc.

An Architect Describes Basic Housing Styles In NYC

Stumbled across this recent clip that has excellent production values and lays out some of the distinct housing types in New York City.

Michael Wyetzner of Michielli + Wyetzner Architects returns to AD, this time breaking down five of the most common apartment types found in New York City. From long and narrow railroad-style abodes to stately multi-level brownstones and everything in between, Michael gives expert insight on the many different places you can call home in the big apple.

Solid As Sears?

Remember that old saying?

The housing affordability is made much more challenging to solve due to NIMBYISM and zoning. Falling affordability is not the builder’s fault.

Getting Graphic

My favorite charts of the week made by others

Len Kiefer‘s Chart Handiwork

Appraiserville

(For earlier appraisal industry commentary, visit my old clunky REIC site.)

I’m on vacation this week so my plans to catch up on Appraiserville once again were too optomistic.

OFT (One Final Thought)

I’m not one for watching dance, but this was incredible choreography. Please watch the whole thing.

Brilliant Idea #1

If you need something rock solid in your life (particularly on Friday afternoons) and someone forwarded this to you, or you think you already subscribed, sign up here for these weekly Housing Notes. And be sure to share with a friend or colleague if you enjoy them because:

– They’ll be more Roxy Music in your music catelogue;
– You’ll be worried about the uncertainty of the housing market;
– And I’ll continue not to dance.

Brilliant Idea #2

You’re obviously full of insights and ideas as a reader of Housing Notes. I appreciate every email I receive and it helps me craft the next week’s Housing Note.

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

My New Content, Research and Mentions

Recently Published Elliman Market Reports

Appraisal Related Reads

Extra Curricular Reads