I had a great chat with my friend and Douglas Elliman power broker Frances Katzen.
Tags: real estate brokers, Douglas Elliman, Frances Katzen, The World of Real Estate with Frances Katzen
I had a great chat with my friend and Douglas Elliman power broker Frances Katzen.
Tags: real estate brokers, Douglas Elliman, Frances Katzen, The World of Real Estate with Frances Katzen
Read my latest Bloomberg View column Real-Estate Agents Ride High Again.
It was disappointing to have so many Realtors go on the attack over this piece showing they missed the entire point – I was writing about the trend, not the dollars or the splits. Are commission incomes higher in say Manhattan than in rural Texas. Doh! The very idea that incomes are rising after years of low transaction volume plus the lack of resurgence in NAR membership since the financial crisis has made for a little less competition today. This seems like good news to me for the industry. But with the barrier to entry so low, the window will close sooner than later.
I even had a PR executive at NAR send me a critical email concerning my numerical calculations and results but made the mistake of exposing her significant lack of understanding about what data NAR actually publishes. To avoid embarrassing her I opted not to share the letter in this post.
Here’s an excerpt…
This is turning out to be a pretty nice time to be a residential real-estate agent. As the housing market recovers, average income has been rising faster than sales largely because there are fewer agents planting for-sale signs…
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Tags: real estate brokers, commissions, transaction cost, NAR, National Association of Realtors
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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.
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“When it comes to markets trends, nobody knows the multiple NYC real estate markets better than Jonathan Miller.” –John L. Heithaus, CSO, Buyside
“Jonathan Miller delivers the unflinching and un-fluffy truth about an industry he knows inside out.” –Teri Rogers, Brick Underground
“Then there is Miller’s authority in residential appraisals.” –Reuters
“Jonathan makes real estate statistics come alive by explaining what they mean now and indicate for the future.” –Joe Connolly, WCBS Radio
“Miller is the best real estate blogger out there.” –Bankrate
“Jonathan Miller—the data whisperer” –Brick Underground
“Jonathan Miller...Manhattan’s most revered independent appraisers of residential property.” –Daily Telegraph (UK)
“It’s tough to find the good guys..Fortunately we found one. His name is Jonathan Miller.” –Glenn Beck, CNN
“If market guru Jonathan Miller said it, it must be true.” –Stuart Elliott, Editor-In-Chief, The Real Deal
“Jonathan Miller of Miller Samuel is a NYC real estate "cultural icon."” –Katherine Clarke, New York Daily News
“Jonathan Miller: He's the guy with 'boots on the ground' when it comes to real estate.” –Tom Keene: Bloomberg TV, Surveillance
“A web site 'worth visiting.'” –Realtor Online Magazine
“Jonathan Miller delivers real estate news in language even a blogger can understand.” –Curbed DC
“Market Analyst Jonathan Miller: Thank the Flying Spaghetti Monster he's on our side.” –Curbed Miami
“His prescient 2012 declaration that “luxury real estate is the new global currency” was repeated as gospel...” –New York Post
“Jonathan is considered the 'dean of appraising' in the industry.” –Donna Olshan, President, Olshan Realty Inc.
“Jonathan Miller is one of the icons of the real estate industry.” –Real Estate Board of New York
“Jonathan Miller: the true God of real estate data.” –Fredrik Eklund, The Eklund Gomes Team / Bravo’s MDLNY
“Why is Jonathan Miller’s Matrix required reading? …He grabs you right from the start.” –New York Times
“Jonathan Miller, Go-To Appraiser. Appraising the state of real estate.” –Barry Ritholtz 'Masters in Business,' Bloomberg Radio
“Matrix: One of the top five U.S. real estate blogs.” –Inman News
“Jonathan Miller: One of the top 25 most influential U.S. real estate bloggers.” –Inman News
“Jonathan Miller, the most popular guy on the block when talking about real estate in New York.” –Tom Keene, Bloomberg Radio
“Miller is arguably the most influential voice in residential property valuation markets today.” –Altos Research
“Jonathan Miller is 'a complete pro, a shining star in the real estate industry.'” –Donna Olshan, President, Olshan Realty Inc.
“Jonathan Miller, an appraiser dubbed 'the Wikipedia of Manhattan real estate.'” –Barrons
“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 is an incredible real estate analyst, a true Rockstar on NYC metro luxury markets.” –Ivy Zelman, CEO, Principal, Zelman & Associates
“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
“Jonathan Miller: Best online real estate expert.” –Money Magazine
“Jonathan Miller, the go-to expert on all residential real estate figures.” –Crain’s New York Business
“In the real estate world, Jonathan Miller is where street-smart meets book-smart.” –Jed Kolko, Chief Economist, Trulia
“Miller Samuel CEO Jonathan Miller holds the key to the luxury real estate market.” –Deirdre Bolton, Anchor, Fox Business
“JM makes real estate stats talk in language that normal people understand.” –Teri Rogers, Brick Underground
“Expert Appraiser Jonathan Miller: New York City’s Real Estate Data Wizard” –Epoch Times
“New York real estate maven Jonathan Miller.” –Slate
“Should we have seen this coming?...I spoke to appraiser Jonathan Miller 3 years ago.” –Jane Wells, CNBC
“Jonathan Miller: One of the most famous appraisers in America today.” –Phil Crawford, 'Voice of Appraisal' Radio Show
“His quarterly reports on the New York City-area market is considered required reading among real estate professionals.” –Reuters
“Jonathan Miller is well-known for taking the pulse of Manhattan real estate.” –PBS Nightly Business Report
“Miller’s more than 20 years of real estate experience comes out in this no-nonsense blog.” –Seeking Alpha
“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
“Jonathan Miller, President of Miller Samuel and real-estate savant.” –Curbed Miami
“Jonathan Miller is the most trusted (and quoted) man in New York real estate.” –New York Observer
“Jonathan Miller: One of the best finance people on Twitter.” –Business Insider
“Jonathan Miller: The man who knows.” –Real Estate Weekly
“Jonathan is a legend, one of the most quoted appraisers and experts in the industry.” –Dottie Herman, President and CEO, Douglas Elliman
“Jonathan Miller, the appraiser who is the savviest observer of the local residential market.” –Crain’s New York Business
“Jonathan Miller...one of the nation’s most prominent appraisers.” –Money Magazine
“Somebody-explain-this-crazy-market-to-me guy Jonathan Miller.” –Curbed New York
“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 is the DJ Khaled of real estate.” –Stefanos Chen, New York Times
“If New York real estate is a sport, one of its most prominent score keepers is Jonathan Miller.” –New York Daily News
“Check out Superstar Appraiser Jonathan Miller’s blog Matrix for the latest in depth information on NYC housing.” –Urban Digs
“A Curbed reader goes all 'Jonathan Miller' on us.” –Curbed New York
“Jonathan Miller, owner of New York City’s Miller Samuel and one of the nation’s most prominent appraisers” –Money Magazine
“The oracle of New York City real estate: Jonathan Miller.” –Amir Korangy, Publisher, The Real Deal
“Jonathan Miller, the demigod of New York real estate stats.” –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
“Our man Jonathan Miller drops the truth bomb.” –Barry Ritholtz, The Big Picture Blog
“His market reports are to the Manhattan housing market what those brackets are to the NCAA Tournament.” –New York Observer
“Jonathan Miller is 'one of the most important people in real estate.'” –Elizabeth Ann Stribling-Kivlan, President, Stribling & Associates
“Renowned appraiser and [Matrix] real estate blogger, Miller is a statistical wizard. Can dodge bullets in slow-mo.” –Real Estate Tomato
“Jonathan Miller’s blog Matrix. Completely Keanu Reeves-free real estate economics, not for beginners.” –Curbed San Francisco
“Our sherpa in the land of broker euphemism for the current state of the housing market.” –New York Observer
'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
'Economic Spotlight column ('03-'09)
On Friday morning, I was one of five expert witnesses (and the only as an appraiser) to testify on the topic of appraisal bias in front of the Appraisal Subcommittee (ASC). The witnesses waited together in the green room, plus… Read More
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