Miller Samuel

OCTOBER 20, 2022

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Business 195

Business Real Estate Appraisal 195

Miller Samuel

DECEMBER 27, 2023

I joined my friend Barry Ritholtz for the second time on his new podcast, At The Money (or cleverly, ATM). Masters in Business is still going strong, but he had a new idea – create a really good personal finance-focused show. ATM is still in the MIB feed but will have its own podcast feed in the new year. Talking Head's Burning Down The House ‘ as the intro music!

Finance 195

Finance Real Estate Business Appraisal 195

Miller Samuel

NOVEMBER 17, 2023

I got to join the gang at Bloomberg Surveillance on Tuesday morning. Always fun and smart. The focus seems to be figuring out what the exit of this era of tight housing inventory looks like and when rents will come down since inflation is tangibly falling. My journey to the city for the Bloomberg interview: catching the 5:49 am train – waiting in the green room – and working my way up the guest list to go on.

Training 195

Training Inventory Real Estate Appraisal 195

Miller Samuel

NOVEMBER 17, 2023

I joined my friend Barry Ritholtz on his new podcast, At The Money (or cleverly, ATM). Masters in Business is still going strong, but he had a new idea – create a really good personal finance-focused show. We recorded this on Tuesday – it’s currently located in the Master in Business podcast feed but will be available in its own feed everywhere on January 1.

Finance 195

Finance Business Real Estate Appraisal 195

Miller Samuel

OCTOBER 3, 2023

This webinar was held during the previous week with several hundred people in attendance - I didn't get the recording soon enough to post last Friday. Noah and John at Urban Digs invited me to talk about my approach to valuing outdoor space in NYC. I documented my approach to its valuation back on May 5, 2010 on my Matrix blog , after years of getting calls from real estate agents asking how to value them, this post was born: [Terra Logic] Understanding The Value of Manhattan Apartment Outdoor S

Real Estate Agent 195

Real Estate Agent Valuation Real Estate Agents 195

Miller Samuel

SEPTEMBER 5, 2023

I joined my friend Barry Ritholtz of RWM and of The Big Picture on his Bloomberg Radio MIB podcast for the sixth time since 2014. Here's the transcript , book recommendations , and the podcast version! Here are the previous interviews from 2014 , 2016 , 2020 , 2021 and 2022. They are always fun, and Barry keeps the conversation interesting. My wife Cheryl was in the producer's booth, keeping me honest (and taking pictures).

Business 195

Business Mortgage Real Estate Appraisal 195

Miller Samuel

AUGUST 1, 2023

I always have great conversations with Lisa Abramowicz, an anchor on Bloomberg Television's Bloomberg Surveillance. The TV clip captures about half the conversation. For the my full interview , check out the Bloomberg Surveillance Podcast. Jonathan Miller, Miller Samuel President & CEO, says housing prices have leveled off. The post Bloomberg Surveillance 8-1-23: The Pandemic Wiped Out Housing Inventory: Miller first appeared on Miller Samuel Real Estate Appraisers & Consultants.

Inventory 195

Inventory Real Estate Appraisal 195

Miller Samuel

JULY 18, 2023

I joined Dennis Scully again on The Business of Home podcast: The Thursday Show: A real estate check-in with Jonathan Miller, why Gen Z loves dupes and more. A lot has happened since our previous conversation back in July 2022. Other than having quality issues with my microphone , I really enjoyed the conversation. It starts at the 25:22 mark. [click on the image to play] The post [Business of Home Podcast] A Real Estate Check-In With Jonathan Miller first appeared on Miller Samuel Real Estate A

Real Estate 195

Real Estate Business Appraisal Decorating 195

Miller Samuel

JUNE 28, 2023

I had a nice conversation with Joe Connolly and Neil A. Carousso on WCBS Newsradio 880 on the state of the NYC commercial office market. It was a macro-level conversation that I thought you might find helpful. The post WCBS Radio - State Of Commercial Office, City v. Suburbs first appeared on Miller Samuel Real Estate Appraisers & Consultants.

Real Estate 195

Real Estate Appraisal Marketing Retail 195

Miller Samuel

MAY 21, 2023

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 additional TAF staff. We had a delightful conversation - everyone was very friendly and a pleasure to be with, given the adversarial nature of our looming testimony.

Appraisal 195

Appraisal Real Estate Valuation Finance 195

Miller Samuel

APRIL 1, 2023

The Office of the New York State Comptroller released its analysis of Wall Street Bonuses for 2022 last week. The real estate industry used to go gaga over this report before the housing bubble. But now, with so many bonuses received as deferred compensation or in a non-cash format, the Manhattan housing market no longer sees an immediate surge in demand when bonuses are announced.

Real Estate 195

Real Estate Housing Market Appraisal Marketing 195

Miller Samuel

DECEMBER 8, 2022

I write a column for Elliman Magazine called "Market Update" that presents a chart and context around it. Its kind of like my nine-year column " Three Cents Worth " at the old Curbed but more grown-up and without the snark. The post Elliman Magazine Column "Market Update" - New Inventory Is Falling first appeared on Miller Samuel Real Estate Appraisers & Consultants.

Inventory 195

Inventory Marketing Real Estate Appraisal 195

Miller Samuel

NOVEMBER 13, 2022

I'm a big fan of Pat Kiernan , the star anchor for Spectrum News NY1. I especially like his "in the papers" spots and I've been on his morning show a few times. He interviewed me virtually to set the stage to describe NYC's housing challenge. Check it out! The post My Interview on Crosstown with Pat Kiernan - What can we do about NYC's housing crisis?

Real Estate 195

Real Estate Appraisal 195

Miller Samuel

OCTOBER 10, 2022

I'm a regular listener to the Slate Money podcast so I was thrilled to be invited to participate. This week, Felix Salmon , Emily Peck , and Elizabeth Spiers are joined by housing market analyst and real estate appraiser Jonathan Miller to answer all their burning real estate questions including what’s going on with mortgage rates, how do new luxury buildings affect prices, and why is rent so damn high?

Real Estate 39

Real Estate Housing Market Appraisal Mortgage 39

Miller Samuel

APRIL 14, 2022

For each issue of Elliman Magazine produced by Douglas Elliman , the same company that publishes most of our U.S. market research , I write a brief column and create a graphic to illustrate an important issue facing the luxury housing market. Of course, the graphic I create is then supercharged by their very talented graphics staff. Listing inventory has essentially collapsed in most U.S. housing markets as unusually low rates against the backdrop of robust economic conditions have burned off su

Inventory 415

Inventory Housing Market Real Estate Marketing 415

Miller Samuel

DECEMBER 2, 2021

The Winter 2022 issue of Elliman Magazine was published this week and it is quite a beautiful publication. I created a chart for the publication which compares month listing inventory trends across a number of the markets we cover for Douglas Elliman. [click to expand image] The post Listing Inventory Trends In The Time Of COVID first appeared on Miller Samuel Real Estate Appraisers & Consultants.

Inventory 395

Inventory Real Estate Appraisal Marketing 395

Miller Samuel

NOVEMBER 7, 2021

The news came quickly and brutally (especially if you were a ZG investor): @mortgage_yack #zillow #PINKHolidayRemix #realestate #utahrealestate ? original sound - Jack. I jumped on the bandwagon with this: This just in: The “A” in “Zillow” stands for “Accuracy.” [link] — Jonathan Miller (@jonathanmiller) November 3, 2021. And this was a perfect post: so zillow let a robot buy up thousands of properties, outbidding real buyers and artificially inflating the market, and now will be laying of

Brokerage 386

Brokerage Valuation Real Estate Tools 386

Miller Samuel

NOVEMBER 7, 2021

Yes, big data usually infers 'quantitative' analysis, as in "relying on numbers." The Zestimate legacy of profound inaccuracy finally reached a devastating conclusion with the collapse of Zillow Offers this week and the loss of hundreds of millions in shareholder equity. Zillow never figured out the qualitative part that enables the actual precision in the pricing of a home sale.

Real Estate 395

Real Estate Investors Housing Market Investing 395

Miller Samuel

AUGUST 20, 2021

One of the problems with my normally preferred year-over-year comparisons with metrics to diffuse seasonal impact is that the year-ago period happened to be the pandemic lockdown. I went through the region using our market report series for Douglas Elliman , comparing the same period two years ago to capture the pre-COV ID market and prices. and sales are up with the exception of Manhattan and North Fork.

Inventory 397

Inventory Real Estate Appraisal Marketing 397

Miller Samuel

JULY 19, 2021

To all members of the Appraisal Institute: Before I start, I wanted to share what the Appraisal Institute's MAI designation is referred to by many of its members. I learned these two from an MAI instructor years ago (pre-merger) who told our class (as if to motivate us?) that MAI stands for: MORE ANNUAL INCOME. MADE AS INSTRUCTED. And now. MORE AMORIN INFLUENCE.

Design 370

Design Appraisal Training Law 370

Miller Samuel

JUNE 18, 2021

I had a fun conversation with Faith Jessie, journalist and anchor at Newsday, Maura McDermott, the real estate writer at Newsday, and Monica Balsan at Daniel Gale Sotheby's International Realty. My housing data came from our Elliman Report: Long Island Sales series I author for Douglas Elliman. The interview was placed on Newsday's home page, which was pretty cool.

Sellers 397

Sellers Marketing Realty Real Estate 397

Miller Samuel

JUNE 18, 2021

[click image for free registration]. I'm a Counselor of Real Estate (CRE) and wanted to share this. Join The Counselors of Real Estate on June 23 for the unveiling of the 2021-22 Top Ten Issues Affecting Real Estate ®. Now in its 10th year, this signature thought leadership initiative identifies the current and emerging issues expected to have the most significant impact on all sectors of real estate.

Real Estate 397

Real Estate Clients Development Appraisal 397

Miller Samuel

MAY 18, 2021

Over the past year, beginning with this NY Times piece: Black Homeowners Face Discrimination in Appraisals that initiated a rising progression of news stories covering discrimination in the appraisal of houses. So I looked at U.S. labor force data from the U.S. Bureau of Labor Statistics [BLS], which ranked the top 400 occupations by sex, race, and Hispanic or Latino ethnicity.

Appraisal 418

Appraisal Training Real Estate Marketing 418

Miller Samuel

MAY 18, 2021

Adam Kuperstein at WNBC reached out to do a story on the state of the Manhattan housing market for Douglas Elliman. He got all the nuances right and featured the results of our market research. It was my first tv interview back in my Manhattan office and afterwards I realized I need to warm up my background after using my home office for the past 14 months!

Real Estate 397

Real Estate Housing Market Appraisal Marketing 397

Miller Samuel

MAY 1, 2021

This is my fourth appearance with my friend Barry Ritholtz, a prolific columnist/blogger, radio show host/podcaster , and wealth management firm head on his Masters In Business show for Bloomberg Radio. He previously interviewed me in 2014 , 2016 and 2020. Barry also posted the interview on his essential Big Picture blog: MiB: Jonathan Miller, Appraiser Extraordinaire in addition to the Bloomberg Masters In Business landing page.

Real Estate 418

Real Estate Business Valuation Appraisal 418

Miller Samuel

MARCH 17, 2021

Last Friday I had a fun discussion with Lisa Abramowicz on Bloomberg Surveillance. It's been bedlam in Appraiserville so I've been slow to post it. The New York to Florida housing migration story has been a bit one sided with optics that suggest 9 people will be left in Manhattan by the summer time despite that Manhattan contract activity beginning to surge.

Contracts 372

Contracts Real Estate Appraisal 372

Miller Samuel

FEBRUARY 24, 2021

As I've chronicled in the Appraiserville section of my Housing Notes newsletter since 2016, the scale of bureaucratic self-dealing of the executive committee and some members of the board of directors is breathtaking. Over the past decade or more, AI National has been able to keep a lid on the membership backlash by threatening to remove a member's credentials for speaking out.

Appraisal 259

Appraisal Design Contracts Real Estate 259

Miller Samuel

FEBRUARY 9, 2021

I met Rich Barton, Zillow CEO , at an Inman/Curbed party held during an Inman conference in Manhattan a long time ago, the evening before Zillow’s launch. I asked Rich, a very nice and fascinating person, what he did for a living, not realizing he was the co-founder of Expedia. Ugh. He also said they were launching their latest effort the following morning – a web site called “Zillow,” and he added “as in rhymes with pillow” to the description.

Real Estate 286

Real Estate Appraisal Marketing 286

Miller Samuel

JANUARY 5, 2021

Back on December 4, 2020, I wrote about the sham bylaw change being floated by the Appraisal Institute to avoid the embarrassment of the recent sham election process: The Sham 45-Day Bylaw Modification Process To Keep Jim Amorin’s Sham Petition Process Explained. To rush this through, the Appraisal Institute Board of Directors meeting is being held Wednesday, January 6th with sketchy notice.

Appraisal 248

Appraisal Law Decorating Legal 248

Miller Samuel

DECEMBER 28, 2020

I recently completed a quick interview with Stuart Elliott , Editor In Chief & CEO at The Real Deal who asked me questions with a uniquely mellow intensity. The Real Deal is required reading for anyone in the real estate profession or interested in real estate. Fun. The post TRD Quick Question: Jonathan Miller "What's Happening in the NYC Real Estate Market?

Real Estate 388

Real Estate Marketing Appraisal 388

Miller Samuel

DECEMBER 28, 2020

The New York Times got the market nuances right in their epic end of year The Real Estate Collapse of 2020. And including epic charts makes it even better. I noticed that the Streeteasy median rent chart used in the piece, adjusted for inflation but doesn't include concessions, shows the same pattern as my recent chart in Bloomberg. That drop in rent is gigantic anyway it is presented.

Real Estate 248

Real Estate Appraisal Marketing Investing 248

Miller Samuel

NOVEMBER 21, 2020

This weekend's New York Times Real Estate Calculator column provides a visualization of the recent rental market results in The Elliman Report: October 2020 Manhattan, Brooklyn & Queens Rentals. The Manhattan changes were the most interesting to me - record highs set for the vacancy rate, concession market share, concession amount, yoy% change in median net effective rent overall, studio, 1-bed, & 2-beds.

Real Estate 221

Real Estate Marketing Appraisal Investing 221

Miller Samuel

AUGUST 19, 2020

This post previously appeared in the August 14, 2020 edition of Housing Notes. I've been writing these weekly summaries on housing topics for more than five years. To subscribe for free, you can sign up here. Then you can look forward to each issue every Friday at 2pm New York Time. The New York Times created a terrific graphic on our Elliman New Signed Contract Report by illustrating the performance of Manhattan and Brooklyn versus Westchester County.

Contracts 300

Contracts Marketing Real Estate 300

Miller Samuel

AUGUST 19, 2020

This post previously appeared in the August 14, 2020 edition of Housing Notes. I've been writing these weekly summaries on housing topics for more than five years. To subscribe for free, you can sign up here. Then you can look forward to each issue every Friday at 2pm New York Time. The TAF decline in credibility keeps on coming. After the recent letter debacle where the Appraisal Foundation (TAF) opined falsely that Title XI did not permit the Appraisal Subcommittee (ASC) to provide oversight o

Appraisal 221

Appraisal Government Contracts Business 221

Miller Samuel

AUGUST 8, 2020

Although I've shared the following CNBC clip before, it's worth showing again given my 15-year ago hairstyle. In 2005, I was interviewed by CNBC in the midst of the Housing Bubble and said that 75% of the appraisals being done then weren't worth the paper they were written on (hey it was 2005 and they were done on paper, not pdf). They found me because I had just started my Matrix Blog because no one seemed to be listening to appraisers.

Appraisal 367

Appraisal Valuation Business Mortgage 367

Miller Samuel

AUGUST 8, 2020

Yesterday's AI Public Airing Of The Sham Election Process was a dark day for the institution but a bright day for the good guys. The actual selection of Craig Steinley after he won the national nominating committees' endorsement took literally thousands of members to apply pressure to the BoD. Thankfully it worked. However, in order to enable the Board of Directors to do the right thing, they got to keep the sham petition process in place.

Appraisal 360

Appraisal Law 360

Miller Samuel

FEBRUARY 12, 2018

I've been following Dan Gershburg 's Twitter handle for quite a while and found it to be a great resource for pretty much everything. He's a real estate attorney and we got to know each other a little bit over the ultraweb. Eventually he invited me to join him on his podcast. I got to talk with him about a few things outside my usual discourse: my concept of "neutrality" and how I got started (and who doesn't want to wax on poetic about themselves for 45 minutes?

Valuation 150

Valuation Marketing Real Estate Law 150