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The Proposed NYC "Pied-A-Terre Tax" Looks Catastrophic to NYC Real Estate

Miller Samuel

An earlier version of this post appeared in my weekly Housing Notes, March 15, 2019 edition. The proposed law is in each New York State Albany chamber right now and although they have different introduction dates of January 9, 2019 (Senate) and February 4, 2019 (Assembly) they look the same.

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Yahoo Finance TV: January 3, 2019, Manhattan & National Housing Trends

Miller Samuel

I had another a fun interview on Adam Shapiro and Julie Hyman on fledgling Yahoo Finance TV. Verizon is going gonzo to get it going with even more original programming. One observation - each time I've been invited to talk about the housing market, the stock market plummets at least 600 points. Correlation or Causation? Manhattan Yahoo! Finance Elliman Reports Housing Indices Douglas Elliman Elliman Report Julie Hyman Adam Shapiro

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My Brick Underground Podcast Interview: The Market Doesn't Care What You Think

Miller Samuel

That was the theme but my interview episode was called " the state of the market. ". The indispensable NYC web site Brick Underground has been doubling down on its podcast as of late and I was fortunate enough to be invited to speak about the state of the market.

Marketing 307
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BREAKING The New York State AMC Law Is Now In Effect

Miller Samuel

But consider this: Remember that the word "modern" or "modernize" is code for AVMs, settling for less accuracy and getting rid of the #appraiser - @ClearCapital debuts its new modern appraisal program @MPAMagazineUS [link] — Jonathan Miller (@jonathanmiller) April 23, 2019.

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Manhattan Annual Price Records By Property Type Since 1982

Miller Samuel

LOL, I had to move our company logo to the "left" to accommodate the 2019 condo record. Click on the chart to expand. Manhattan

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Bloomberg TV 12-3-19: Super Luxury Oversupply

Miller Samuel

I got to speak with Lisa Abramowicz on her Bloomberg TV show " Money Undercover " yesterday. She is a great follow on Twitter. Best of all, I sat in a comfy chair.

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Talking Manhattan Podcast: The Market's Underlying Issues, and How to Value Outdoor space

Miller Samuel

I was just interviewed by Noah Rosenblatt and John Walkup of Urban Digs for their " Talking Manhattan " Podcast. I've known Noah for well over a decade and always enjoy geeking out on the market with him. He's a data nerd with a real estate agent and day trader background.

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April 1, 2019 Washtenaw County market snapshot

Annarbor Appraisal

The post April 1, 2019 Washtenaw County market snapshot appeared first on annarborappraisal. 4/1/19. Mixing up my monthly run related to how the market is doing (not looking at prices, only supply and absorption).

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The Nelson Report Podcast: What's the deal with the residential market in New York City?

Miller Samuel

I was recently interviewed by James Nelson , one of New York commercial real estate's star brokers at Avison Young whom I've known since his Massey Knakal days. I've been on his podcast several times over the years and always enjoy the conversation.

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Billionaires Row Continues to be Challenged

Miller Samuel

It's been no secret that super luxury Manhattan sales have been the hardest hit segment of the market since 2014. The slowdown is related to the oversupply of new development created from the vast amounts of capital looking for a home since the financial crisis.

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Baltimore Trends and the Outlook for 2019

Robinson Appraisal Group

by the end of 2019. The Baltimore market is projected to have slightly more inventory with an overall 2% increase in housing prices in 2019. This reform is new so the outcome is unknown of the positive or negative effects on the 2019 economy.

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CNBC TV 4-25-19 Coverage of Elliman Reports on Greenwich and Fairfield County, CT

Miller Samuel

Diana Olick at CNBC reached out to me this week to talk about the Q1-2019 Elliman Report on the Greenwich, CT housing market (as well as Q1-2019 Fairfield County, CT ) and the impact of the federal tax law on high-end suburban markets in NYC metro.

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The Apple Peeled - Ask the Experts: Market Dynamics with Jonathan Miller

Miller Samuel

The 10-year Challenge (2009 vs. 2019). The Apple Peeled Blog , February 12, 2019. Over the years, I have bantered with the Espinal Adler Team (Marie Espinal and Jeff Adler) at Douglas Elliman Real Estate about the market which has been invaluable for on the ground intel.

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Bloomberg TV 4-2-19: Manhattan Housing Conditions

Miller Samuel

This week's Bloomberg Trifecta.

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Here's What A Manhattan Commute With "Vertical Travel" Looks Like For Ken Griffin

Miller Samuel

As coined in a Bloomberg article about hedge funder Ken Griffin's $238 million condo purchase in Manhattan, a " vertical travel " is something many New Yorkers do every day - I've just never heard it described that way (following bold is my emphasis).

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Crestwood—Neighborhood Analysis of Single-Family Residential Homes (November 2019)

Portland Appraisal Blog

The Crestwood neighborhood is part of the Southwest portion of Portland and is one of the periphery neighborhoods. This neighborhood is largely residential with minor commercial and one city park (Dickinson).

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The (New) Tallest Chart In The History Of Manhattan Real Estate

Miller Samuel

With all the hubbub about the new Manhattan residential price record of $238 million and potential ramifications, I wanted to create a chart to give readers a sense of how disconnected this sale is from the prior records, and from housing prices for mere mortals in already one of the highest priced housing markets in the U.S.

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Market Outlook for 2019 and 2020: Trends to Watch

Boston Appraisal

have dramatically risen, reaching a record high in early 2019. With this apprehension in mind, we’ll discuss some of the things to expect from the housing market in the second half of 2019, going into 2020. The year 2019 started with a bang, and this wasn’t even news.

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Digital closings have spiked 228% since 2019

Housing Wire

The number of title and settlement companies offering digital closings has increased 228% since 2019, as more of the industry moves online in the wake of the COVID-19 pandemic. The post Digital closings have spiked 228% since 2019 appeared first on HousingWire.

Law 497
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Property Taxes by State – 2019

Eyes on Housing

In 2019, the difference between average real estate taxes paid by New Jersey and Alabama home owners was $7,974. Property taxes vary widely across states both in terms of annual taxes paid as well as effective tax rates.

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What Town Do You Live in?

Padove Appraisal Service

People are often asked what town they live in. In the Philadelphia suburbs, this question is more difficult than it appears. How this question is answered can have a large impact on the appraisal of your home. Pennsylvania is divided into 67 counties.

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Lake Oswego—Neighborhood Analysis of Waterfront Single-Family Residential Homes (July 2019)

Portland Appraisal Blog

Data was pulled from the year 2000 to the July 2019. Oswego Lake is a scenic and picturesque former channel of the Tualatin River. It is a natural feature, but has been enlarged due to a dam to its present size of ~395 acres.

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Ladd’s Addition—Neighborhood Analysis of Single-Family Residential Homes (July 2019)

Portland Appraisal Blog

Year-to-date sales are only 8 and, if the trend holds, 2019 may signal a cooling off of the number of sales.

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Far Southwest—Neighborhood Analysis of Single-Family Residential Homes (August 2019)

Portland Appraisal Blog

The Far Southwest neighborhood is just that—far southwest! It represents one of the periphery neighborhoods of the City of Portland. The neighborhood is largely dominated by the Portland Community College Sylvania Campus.

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South Portland—Neighborhood Analysis of Single-Family Residential Homes (July 2019)

Portland Appraisal Blog

The South Portland neighborhood is one of Portland’s waterfront communities, bordering the Willamette River.

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My July 3, 2019 Cheddar Interview on the NYSE Floor

Miller Samuel

After the publication of the Elliman Report for Q2-2019 Manhattan Sales , I was asked to join Cheddar anchors Kristen Scholer and Tim Stenovec on the floor of the exchange on Wednesday morning. When I came through security, the guard at NYSE asked me “when was the last time you visited the NYSE?”

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What is a comparable sale?

Annarbor Appraisal

What is a comparable sale? A sales package left for the appraiser is welcome. Most appraisers appreciate the agent’s insights into the sales they used as comparable choices when they priced the home for sale.

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Bloomberg TV 2-14-19 & 2-15-19: Amazon Pulls Plug on Queens' HQ2 (Amazon Gone)

Miller Samuel

On Thursday I was climbing up a ladder in an old Brownstone to access to roof area (hey, I'm an appraiser too) when my iPhone blew up. I got about 20 press calls in the subsequent two hours concerning the impact to the LIC and NYC residential market (see "Amazon HQ2" links at the bottom of these Housing Notes.

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Nightly Business Report/CNBC: January 3, 2019, Manhattan Housing Trends

Miller Samuel

After I finished the Yahoo Finance interview last Thursday, I ran over to 30Rock and taped a segment for Nightly Business Report/CNBC on our Elliman Manhattan report release. Robert Frank, the wealth editor for CNBC, interviewed me remotely.

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2019 Tinley Park, Mokena, Orland and Frankfort Christmas Lights!

Advanced Appraisal

12/24/2019 Chicago and South Suburban Appraisal Blog

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January 2019 YOY% Change in Manhattan Co-op/Condo Listing Inventory

Miller Samuel

Manhattan Analysis & Research Charts, Maps, Images, Infographics, Video Listing Inventory

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Mortgage delinquency rate reaches lowest level since 2019 Q4

Housing Wire

Mortgage delinquency rates dropped for the seventh straight quarter, hitting the lowest level since the fourth quarter of 2019, according to the Mortgage Bankers Association. The post Mortgage delinquency rate reaches lowest level since 2019 Q4 appeared first on HousingWire.

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Delinquency-Rate Milestone: First YOY Decrease Since March 2019

Appraisal Buzz

The post Delinquency-Rate Milestone: First YOY Decrease Since March 2019 appeared first on DSNews. The post Delinquency-Rate Milestone: First YOY Decrease Since March 2019 appeared first on Appraisal Buzz.

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Mokena, Frankfort, Tinley, Oak Forest & New Lenox price trends!

Advanced Appraisal

July 2019 Chicago and South Suburban Appraisal Blog

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What Does an Appraiser Do?

Realtor

ftwitty/iStock When you’re considering buying a house, there are two sides to the story: the seller’s asking price and the actual value of the property. This is where an appraiser steps in. Is the new home you’re looking at priced too high?

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Rate lock volume hasn’t been this low since December 2019

Housing Wire

Facing headwinds of higher rates and a move into the traditionally slower purchasing months, rate lock volumes fell nearly 9% overall in August to their lowest level since December 2019,” he said.

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Common Questions Agents Ask The Appraiser

CM Appraisals

By Tom Horn on Aug 15, 2019 07:49 am ​Confused About Appraisals? Check Out These 11 Common Questions Agents Ask The Appraiser ​This week I thought I would take a look at some of the questions I get asked by real estate agents.

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One Way to Lower Your Property Taxes

Appraisal Partners Blog

When you own your own home, you are subject to all of the costs that come with that. One of those that can be a considerable burden is property taxes. You’ll be hard-pressed to find someone who isn’t looking for a way to drive down the cost of those pesky taxes.

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Why Should You Get A Pre-Listing Appraisal?

Appraisal Partners Blog

When you’re selling your home, one of the most egregious mistakes you can make is failing to accurately estimate your home’s worth.

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Market Conditions Early 2019

K.W. Appraisals

Following two consecutive months of increases, existing-home sales declined in the month of December, according to the NAR (National Association of Realtors). None of the four major U.S. regions saw a gain in sales activity last month. Lawrence Yun , NAR’s chief economist, says current housing numbers are partly a result of higher interest rates during much of 2018.