Posts filed under “Real Estate”
From Miller Samuel:
With the closing and recording of the record $100.47 million penthouse sale at One57, I thought it was time to dust-off the tall chart I created in 2012 when the prior record price of $88M at 15 Central Park West was set.
This week I ended up writing a piece about tall towers in my Bloomberg View column called Living the High Life, another one on Curbed NY for my Three Cents Worth called Proving New York’s Blockbuster $100M Sale Is An Outlier which provided some needed context for the new record sale in the following scattergraph. Note the $100.47M record sale in the upper right hand corner and then scroll down…a lot.
Source: Miller Samuel
U.S. markets have declined in the new year. This isn’t necessarily a bad thing. When markets go straight up without pause and sentiment becomes excessive, it rarely ends well. A little dose of fear might be a good thing. Which brings me to today’s listicle. These aren’t forecasts, but events I’d like to see happen….Read More
In the latest “Masters in Business” podcast, I speak with Jonathan Miller, a Bloomberg View contributor and co-founder of Miller Samuel. He blogs at Miller Matrix. Miller is an expert on real estate appraisals and transactions, and runs one of the larger appraisal firms. He has created a variety of real estate data analytics for various regions as…Read More
Housing Market Headwinds John Krainer and Erin McCarthy Federal Reserve Bank of San Francisco. The housing sector has been one of the weakest links in the economic recovery, and the latest data continue to show only modest improvement. One obstacle to a pickup in housing demand has been tight mortgage credit standards. Indeed,…Read More
Under normal circumstances, approving my mortgage application should be a no-brainer: High income, no debt, high credit score. The missus also makes a good income, has an almost-perfect credit score and has been working for the same business for 28 years. But these are not normal circumstances. Let me jump to the end: Yes, we…Read More
The bond market seems to have had its own flash crash this week. The yield on the 10-year U.S. Treasury bond dipped briefly below 2 percent, as panicked equity sellers looked for a safe place to park their cash. Treasuries, of course, are the world’s option of choice, the safest and most liquid port during…Read More