|
TV, Videos
|
Samantha DeBianchi of Million Dollar Listing Miami and I joined with Deirdre Bolton to speak about foreign buyers and a little Grexit (but what does anyone really understand about that?). Touched on record setting Manhattan housing prices as well.
And waiting in the green room ended up more like a party.
Tags: Fox Business, foreign buyers, Reality TV, Million Dollar Listing, Risk & Reward, Deirdre Bolton, Grexit, Samantha DeBianchi, Euro
|
Always enjoy having a conversation with Deirdre Bolton. Her new show was moved to a new studio and given a prime time slot. I’m dropping in again next Thursday at 5:30pm ET.
Tonight we spoke about this WSJ piece: Call It a Comeback for Risky Home Buyers.
Tags: Fox Business, alternative financing, Risk & Reward, Deirdre Bolton, WSJ
|
TV, Videos
|
Was nice to join Deirdre again to talk housing, specifically why rents are rising and buyers are falling.
Tags: Fox Business, Risk & Reward, Deirdre Bolton
Joined Deirdre Bolton to talk about the U.S. high end development residential market. We spoke about softness at the NYC high end and how the cooling of new development doesn’t speak for the entire high end market.
Tags: Fox Business, Risk & Reward, Deirdre Bolton
I spoke with Deirdre Bolton on “Risk & Reward” today to speak about last weekend’s excellent New York Times real estate piece by Julie Satow called “Dialing it Down.” Deirdre focused on the metric developed during my preparation of last week’s Elliman Report of Manhattan sales in 3Q2014 showing that luxury inventory has doubled over the past year.
Tags: Fox Business, Television, Deirdre Bolton
|
TV, Videos
|
It was great to reconnect with Deirdre Bolton after she made the move to Fox Business from her long time home at Bloomberg TV.
We talked housing, touching on NAR’s pending home sale index release as well as research from Realtytrac concerning record prices in a growing number of urban markets.
Fun.
Tags: Pending Home Sale Index, Fox Business, PHSI, San Francisco, Deirdre Bolton, NAR
|
Since we have another cold snap in our midst, I thought I talk about cold weather and housing trends.
Back in early January, the US experienced what has now become a household phrase – “The Polar Vortex” and extreme weather has morphed its way into recent housing reports as plausible explanations for a slow down in some of the results.
Buyer perspective: Imagine a couple looking to buy their first home and decide they will begin looking right after the New Year. The dreaded Polar Vortex hits and it is too uncomfortable to run around looking at houses in freezing temperatures, so they postpone until the weather warms up in a month or 2.
Seller perspective: Imagine a homeowner who decides to put their home on the market and they experience searing pain from the cold by simply going to the grocery store. They can’t imagine a buyer coming to look at their home in the severe weather and don’t want their home to sit, so they postpone until the weather warms up in a month or 2.
In both scenarios, I would venture to guess that no one would say:
WOW, this weather is severe. I’ve rethought my (buying or selling) decision and will cancel the idea for a few years because the weather is too cold right now.
or
WOW, this weather is severe. Staying warm in my home right now made me realize that I rushed to make my decision and will no longer (buy or sell) for a long time.
Consumers can better relate to the weather than macro economic theory so throw it into the title of a news article:
NBC News: Spring Thaw May Not Heat up This Housing Market
Bloomberg News: Cooling U.S. Home Sales Only Partly Due to Weather: Economy
Fox Business: Housing Freeze: It’s Not Just The Weather
If we isolate the housing market to new construction (which represent about 15% of sales historically) then it gets a lot more plausible – ie permits, starts etc. can be more affected by the weather on a pragmatic basis.
But that has little or no impact to the vast majority of housing consumers.
Here’s one way to visualize the potential impact of weather to retail sales activity (translation: slow down, spring back) in Business Insider.
Context, people, context.
Tags: CNBC, Polar Vortex, NBC, Fox Business, Housing Recovery, Bloomberg News
If you haven't already, sign up for
'Housing Notes' to receive weekly insights and research.
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) and Certified Relocation Professional (CRP) designations. He is an Appraiser “A” Member of the Real Estate Board of New York and a member of Relocation Appraisers and Consultants, Inc.
Learn More...
You'll be able to choose from an array of robust housing metrics compiled using research developed during the preparation of our market report series. Expanded significantly from prior offerings, use this resource to build charts and custom data tables or leverage your own information for more powerful research and presentations.
In the meantime, here is a small sample of the aggregated data we will provide.
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.
Many of my 3CW charts can be found here:
Curbed 3CW Full Chart Archive
Op-ed column ('14-'15)
'Economic Spotlight column ('03-'09)
New York Times experiment ('08-09')
Huffington Post (09')
Favorite "How to Value" Posts
Recent Comments on Matrix