Posted by Jonathan J. Miller -Monday, October 10, 2011, 3:41 PM
Well it has been a full year of the grand experiment but all good things must come to an end, or as said in my favorite movie The Matrix: “everything that has a beginning, must have an end.”
When an appraiser stops analyzing a market, does it make a sound? –Henry David Thoreau [interpreted and adjusted]
In looking back at the year, I am most proud of creating a pending home sales index (for DC and Baltimore metro) helping leverage their rich data set.
In fact, I’d have to say that as a result of this index, MRIS/RBI provides the most timely market metric for residential real estate in the country. That’s why I was prompted to write this post – they released their first edition of the PHSI post-Jonathan Miller for Baltimore and DC. I’m not sure what they plan to do with the report going forward but I had nothing to do with the current version which is loosely based on the template I created. The report still has the same great raw data.
I really developed some great relationships and friendships in the region and plan to continue to follow the market. I still find it amazing that pundits for region continue to be national reporting service representatives like Case Shiller and CoreLogic – compared to NYC metro where the coverage is at a much higher density but from a local level. I’m guessing Washington politics is simply more important to news outlets than real estate coverage.
Here are some quotes from some of the media well wishers that I interacted with.
Hey Jonathan, Although I got the heads up that this was on it’s way, it still comes as a jolt! Your analysis and insight will truly be missed down here. Of course, we will stay in touch and please let me know how we can help….
Thank you so much for your very acute insights over the last year! ….I wish you well in all your future ventures! And I’m certainly keeping your contact info.
Sorry to hear that, though I’m glad you’ll still be watching
It’s been a great run and I deeply cherished and appreciated the experience working with MRIS/RBI. I learned a lot and felt great about the insight I provided. Although I grew up in the region and have a good feel for it, I have long since lost my DMV accent. I have to say that MRIS and RBI have some of the smartest people I’ve ever met and have the cleanest data I’ve ever seen for any housing market in the country. I wish both organizations and the individuals I have met all the best.
Ok, back to work.