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Midtown Rents Fell in September

…The vacancy rate for Midtown Manhattan apartments rose to 2.66% in September, according to a report released today by appraisal firm Miller Samuel Inc. and brokerage firm Douglas Elliman Real Estate….

…Manhattan home purchases rose to the highest level since 2007 in the third quarter of this year, Miller Samuel and Douglas Elliman reported last week.

“Where did those people come from? They came from the rental market,” Jonathan Miller, president of Miller Samuel, said….

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#Housing analyst, #realestate, #appraiser, podcaster/blogger, non-economist, Miller Samuel CEO, family man, maker of snow and lobster fisherman (order varies)
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