Posted by Jonathan J. Miller -Wednesday, February 29, 2012, 5:25 PM
2 Comments
It’s time to share my Three Cents Worth on Curbed NY, at the intersection of neighborhood and real estate in the capitol of the world. I’m simply here to take measurements.
Read today’s post:
Since the New York State Comptroller announced official Wall Street 2011 compensation numbers today (to be distributed in 2012), I thought I’d compare Wall Street compensation per person against Manhattan sales by year. As an industry, real estate seems to think it lives and dies by Wall Street compensation. No argument that it’s important to the NYC economy, accounting for 25 percent of NYC private sector wages but only 5 percent of private sector jobs…
[Click to read full post on Curbed NY]
Posted by Jonathan J. Miller -Monday, September 12, 2011, 2:02 PM
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[click to open release]
Today we released the RBI Pending Home Sales Index for both Washington, D.C. and Baltimore metro area housing markets for RealEstate Business Intelligence (RBI), the research, analytics arm of MRIS, the largest MLS in the country. It is released 10 days after the close of each period (today it was on the 12th since the 10th fell on the weekend), about 3 weeks before the NAR Pending Home Sale Index and 182 days before the Case Shiller Home Price Index covering the same period.
Here’s an excerpt from the just released August 2011 RBI Pending Home Sales Index [Baltimore Metro Area] report:
….Baltimore area home sales enjoyed their best August in five years as buyers took advantage of affordable prices and record low interest rates. While August pending sales of 2,365 was 1.7% below the July 2011 total of 2,407, the current decline was well below the 6.9% average month-over-month decline of the past 5 years and the 4% average month-over-month decline of the past ten years. Median sales price also outpaced seasonal patterns, rising 4.4% to $235,000 in August from $225,000 in the July . For the past ten years, median sales price has slipped an average of 0.5% from July to August…
August 2011 RBI Pending Home Sales Index™ [Baltimore Metro Area]
Posted by Jonathan J. Miller -Monday, September 12, 2011, 1:52 PM
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[click to open release]
Today we released the RBI Pending Home Sales Index for both Washington, D.C. and Baltimore metro area housing markets for RealEstate Business Intelligence (RBI), the research, analytics arm of MRIS, the largest MLS in the country. It is released 10 days after the close of each period (the 12th this month because of the weekend), about 3 weeks before the NAR Pending Home Sale Index and 182 days before the Case Shiller Home Price Index covering the same period.
Here’s an excerpt from the just released August 2011 RBI Pending Home Sales Index [Washington, D.C. Metro Area] report:
…The last month of summer provided an unusual amount of economic uncertainty caused by the S&P downgrade of U.S. debt after July’s raucous political debates on the debt ceiling. There was a widely held expectation that consumers would delay their home purchases until they felt more comfortable with the impact to the economy. For the Washington, D.C. metro area, there was no apparent impact on the volume of new pending sales beyond seasonal patterns. There were 4,169 contracts signed in August 2011, 8.6% less than the 4,563 contracts signed in July, consistent with the 5-year 9% average month-over-month decline and the ten year 7.5% average month-over-month decline. The monthly total was the highest number of August signed contracts in 4 years. New pending sales were 19.9% above the August 2010 level but that increase is exaggerated due to the dearth of activity in the months following the expiration of the federal homebuyers tax credit in April 2010. The median sales price for August 2011 showed a similar seasonal pattern, declining 3.8% to $356,000 from $370,000 in July 2011 but was essentially unchanged from August 2011. Median sales price has averaged a 3.6% month-over-month decline over 5 years and a 2.2% month-over-month decline over ten years…
RBI Pending Home Sales Index™ [Washington, D.C. Metro Area]
Posted by Jonathan J. Miller -Wednesday, June 1, 2011, 8:04 AM
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For the uninitiated I am now covering the Washington DC and Baltimore housing markets for MRIS, the largest MLS in the US and their wholly owned research analytics arm, RealEstate Business Intelligence (RBI). I periodically drop in on their blogs.
The much anticipated monthly S&P/Case Shiller Home Price Index was released today and the results are important, not because it provides an accurate description the current housing market (it doesn’t), but because it forms a foundation for consumer sentiment on the housing market…
<[click to read post]
Posted by Jonathan J. Miller -Friday, April 8, 2011, 10:02 PM
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For the uninitiated I am now covering the Washington DC and Baltimore housing markets for MRIS, the largest MLS in the US and their wholly owned research analytics arm, RealEstate Business Intelligence (RBI). I periodically drop in on their blogs.
Watching the federal government on the verge of shutdown, never mind wondering who is running the store with the endless parade of Congressmen and Senators telling me its a simple difference in view and the other side is wrong, I wondered…
What will happen to the housing market if the government shuts down at midnight?
<[click to read post]
UPDATE: Uhh…Nevermind. Congress agrees to stopgap funding to avert a government shutdown.
Posted by Jonathan J. Miller -Wednesday, February 9, 2011, 10:30 AM
2 Comments
As I expand my market research to the Washington DC and Baltimore housing markets (market reports coming soon) for MRIS, the largest MLS in the US and their research group, RealEstate Business Intelligence (RBI), I am dropping in on their blogs fairly regularly to share my thoughts, ranging from the technical to the whimsical.
Today I “go green” (not really) with additional comments on the hybrid mortgage market discussion in Washington.
Look for a New Hybrid to Replace Fannie-Freddie Mortgage Machine
[click to read MRIS post]
Posted by Jonathan J. Miller -Friday, February 4, 2011, 9:57 AM
1 Comment
As I expand my market research to the Washington DC and Baltimore housing markets (market reports coming soon) for MRIS, the largest MLS in the US and their research group, RealEstate Business Intelligence (RBI), I am dropping in on their blogs fairly regularly to share my thoughts, ranging from the technical to the whimsical.
Today I “employ” some housing related census data thoughts on the DC market:
Washington DC Metro Shows Largest Over-The-Year Employment Increase
[click to read MRIS post]
Posted by Jonathan J. Miller -Tuesday, February 1, 2011, 7:26 AM
1 Comment
As I expand my market research to the Washington DC and Baltimore housing markets (market reports coming soon) for MRIS, the largest MLS in the US and their research group, RealEstate Business Intelligence (RBI), I am dropping in on their blogs fairly regularly to share my thoughts, ranging from the technical to the whimsical.
Either way, it keeps me out of the kitchen.
In this post I talk about home remodeling forecasts only as an excuse to complain about the lack of improvement in toasters over the past 50 years…
[click to read MRIS post]
Posted by Jonathan J. Miller -Tuesday, December 28, 2010, 4:00 PM
2 Comments
In addition to my blogging duties here on Matrix and The Housing Helix, I’ll be contributing several times a week to RESource, a blog by MRIS (Metropolitan Regional Information Systems, Inc.), the largest MLS in the US and for a soon to be re-launched blog for their wholly owned subsidiary, RealEstate Business Intelligence, LLC (RBI).
Today’s post
What The December 2010 Case Shiller Report Says About DC (And What Case Shiller Really Measures)
[click to expand]
Excerpt: It’s that time of the month to ponder the meaning of the Case Shiller report…and it showed more weakness than economists expected…but this report actually measures what happened last summer, not the current market [read full post]
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