I joined Dan Gross for my monthly visit on his “The Number” segment talking about the general improvement in the US housing market, FHA’s possible pending implosion and what’s in store for the market in 2013.
In our continuing monthly jousting match, Dan works hard to get me over to the “happy housing news” side whereas I prefer a more balanced long and slow view. Housing is better than it was, but a function of credit issues that are squeezing supply making the numbers look better overall. I’m not a perma bear but it’s too soon to jump up and down.
It’s a smaller universe of players in the mix and if that makes for a US recovery, then I guess it is. Still, incomes are flat, unemployment is elevated and +40% of houses with mortgages have low or negative equity. It’s tough to sign on to a full blown recovery even if prices rise next year in Manhattan.
Starting to be a regular (monthly) guest with Dan for a quick segment on “The Number”.
Today we talked about: Presidential Debates, pro cyclical, Manhattan housing, “sticky on the downside” “being a real estate pornographer”, “housing is back, baby”, single family foreclosure investors and a lot of words like: “kind of”, sort of”, “almost.”
Got to talk housing with my friend Dan Gross, the Global Business Editor at Newsweek & The Daily Beast on his BeastTV segment “The Number”:
THE NUMBER: 101.7
That’s the pending home sales index from the National Association of Realtors, up over 12% from a year ago. Dan Gross and The Matrix’s Jonathan Miller reveal why we should be cautiously optimistic.
Their offices are located in the IAC building in Manhattan which is one of my faves – looks like a meringue pie. Here’s my photo from the cab:
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About Jonathan Miller
Jonathan Miller is President and CEO of Miller Samuel Inc., a real estate appraisal and consulting firm he co-founded in 1986. He is a state-certified real estate appraiser in New York and Connecticut, performing court testimony as an expert witness in various local, state, and federal courts. He holds the Counselors of Real Estate (CRE) designation, is an Appraiser “A” Member of the Real Estate Board of New York, and is a member of RAC. Learn More...
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“Jonathan Miller is well-known for taking the pulse of Manhattan real estate.”–PBS Nightly Business Report
“Jonathan Miller is 'a complete pro, a shining star in the real estate industry.'”–Donna Olshan, President, Olshan Realty Inc.
“Renowned appraiser and [Matrix] real estate blogger, Miller is a statistical wizard. Can dodge bullets in slow-mo.”–Real Estate Tomato
“If New York real estate is a sport, one of its most prominent score keepers is Jonathan Miller.”–New York Daily News
“Jonathan is considered the 'dean of appraising' in the industry.”–Donna Olshan, President, Olshan Realty Inc.
“Miller is the best real estate blogger out there.”–Bankrate
“Jonathan Miller is one of the icons of the real estate industry.”–Real Estate Board of New York
“Jonathan Miller, the go-to expert on all residential real estate figures.”–Crain’s New York Business
“Jonathan Miller of Miller Samuel is a NYC real estate "cultural icon."”–Katherine Clarke, New York Daily News
“Miller Samuel CEO Jonathan Miller holds the key to the luxury real estate market.”–Deirdre Bolton, Anchor, Fox Business
“Jonathan Miller delivers real estate news in language even a blogger can understand.”–Curbed DC
“Jonathan Miller: One of the top 25 most influential U.S. real estate bloggers.”–Inman News
“Jonathan Miller, the appraiser who is the savviest observer of the local residential market.”–Crain’s New York Business
“Should we have seen this coming?...I spoke to appraiser Jonathan Miller 3 years ago.”–Jane Wells, CNBC
“His quarterly reports on the New York City-area market is considered required reading among real estate professionals.”–Reuters
“Jonathan Miller, the demigod of New York real estate stats.”–New York Observer
“Jonathan Miller...Manhattan’s most revered independent appraisers of residential property.”–Daily Telegraph (UK)
“Miller’s more than 20 years of real estate experience comes out in this no-nonsense blog.”–Seeking Alpha
“His market reports are to the Manhattan housing market what those brackets are to the NCAA Tournament.”–New York Observer
“"Between the Bricks" Columnist gives a 2016 Data Brick to Jonathan Miller for keeping the industry honest.”–Lois Weiss, New York Post
“Jonathan...understands how to take numbers and explain them to people in a way that makes sense.”–Dottie Herman, President and CEO, Douglas Elliman
“Jonathan Miller, Go-To Appraiser. Appraising the state of real estate.”–Barry Ritholtz 'Masters in Business,' Bloomberg Radio
“The oracle of New York City real estate: Jonathan Miller.”–Amir Korangy, Publisher, The Real Deal
“Jonathan Miller: Best online real estate expert.”–Money Magazine
“Why is Jonathan Miller’s Matrix required reading? …He grabs you right from the start.”–New York Times
“Jonathan makes real estate statistics come alive by explaining what they mean now and indicate for the future.”–Joe Connolly, WCBS Radio
“Jonathan Miller—the data whisperer”–Brick Underground
“Jonathan Miller is 'one of the most important people in real estate.'”–Elizabeth Ann Stribling-Kivlan, President, Stribling & Associates
“Jonathan Miller is a master of his craft...we are lucky to have him as an advocate for appraisers.”–Phil Crawford, ‘Voice of Appraisal’ Radio Show
“Jonathan Miller delivers the unflinching and un-fluffy truth about an industry he knows inside out.”–Teri Rogers, Brick Underground
“Jonathan Miller is the most trusted (and quoted) man in New York real estate.”–New York Observer
“Jonathan Miller is an incredible real estate analyst, a true Rockstar on NYC metro luxury markets.”–Ivy Zelman, CEO, Principal, Zelman & Associates
“A web site 'worth visiting.'”–Realtor Online Magazine
“In this ever changing NYC market, Jonathan’s reports give me an accurate snapshot at any given time.”–John Gomes, The Eklund Gomes Team / Douglas Elliman Real Estate
“JM makes real estate stats talk in language that normal people understand.”–Teri Rogers, Brick Underground
“Jonathan Miller’s blog Matrix. Completely Keanu Reeves-free real estate economics, not for beginners.”–Curbed San Francisco
“Miller is arguably the most influential voice in residential property valuation markets today.”–Altos Research
“Jonathan Miller, the most popular guy on the block when talking about real estate in New York.”–Tom Keene, Bloomberg Radio
“Our sherpa in the land of broker euphemism for the current state of the housing market.”–New York Observer
“Jonathan Miller, President of Miller Samuel and real-estate savant.”–Curbed Miami
“Jonathan Miller is the DJ Khaled of real estate.”–Stefanos Chen, New York Times
“When it comes to markets trends, nobody knows the multiple NYC real estate markets better than Jonathan Miller.”–John L. Heithaus, CSO, Buyside
“In the real estate world, Jonathan Miller is where street-smart meets book-smart.”–Jed Kolko, Chief Economist, Trulia
“Jonathan Miller: One of the best finance people on Twitter.”–Business Insider
“Jonathan Miller: the true God of real estate data.”–Fredrik Eklund, The Eklund Gomes Team / Bravo’s MDLNY
“Our man Jonathan Miller drops the truth bomb.”–Barry Ritholtz, The Big Picture Blog
“If market guru Jonathan Miller said it, it must be true.”–Stuart Elliott, Editor-In-Chief, The Real Deal
“Jonathan Miller: The man who knows.”–Real Estate Weekly
“Somebody-explain-this-crazy-market-to-me guy Jonathan Miller.”–Curbed New York
“Jonathan Miller: He's the guy with 'boots on the ground' when it comes to real estate.”–Tom Keene: Bloomberg TV, Surveillance
“Check out Superstar Appraiser Jonathan Miller’s blog Matrix for the latest in depth information on NYC housing.”–Urban Digs
“It’s tough to find the good guys..Fortunately we found one. His name is Jonathan Miller.”–Glenn Beck, CNN
“Jonathan Miller...one of the nation’s most prominent appraisers.”–Money Magazine
“Market Analyst Jonathan Miller: Thank the Flying Spaghetti Monster he's on our side.”–Curbed Miami
“Jonathan is a legend, one of the most quoted appraisers and experts in the industry.”–Dottie Herman, President and CEO, Douglas Elliman
“A combination of Godzilla, King Kong, and Hurricane Katrina all wrapped up in one as he wreaked havoc on the housing market.”–New York Sun
“New York real estate maven Jonathan Miller.”–Slate
“A Curbed reader goes all 'Jonathan Miller' on us.”–Curbed New York
“Expert Appraiser Jonathan Miller: New York City’s Real Estate Data Wizard”–Epoch Times
“Jonathan Miller, an appraiser dubbed 'the Wikipedia of Manhattan real estate.'”–Barrons
“Matrix: One of the top five U.S. real estate blogs.”–Inman News
“Then there is Miller’s authority in residential appraisals.”–Reuters
“Jonathan Miller, owner of New York City’s Miller Samuel and one of the nation’s most prominent appraisers”–Money Magazine
“Jonathan Miller: One of the most famous appraisers in America today.”–Phil Crawford, 'Voice of Appraisal' Radio Show
“His prescient 2012 declaration that “luxury real estate is the new global currency” was repeated as gospel...”–New York Post
Columns by Jonathan Miller
Forbes ('20-)
Appraisersblogs ('17-)
'Three Cents Worth' column 3CW ('05-'16)
When Curbed was acquired by Vox, my eleven years of 3CW chart art and column links were broken on Curbed NY, Curbed DC, Curbed Miami, Curbed Hamptons, Curbed LA, and Curbed Ski.
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