Posted by Jonathan J. Miller -Wednesday, May 2, 2012, 1:20 PM
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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. And I’m simply here to take measurements.
Read today’s 3CW post on Curbed New York:
Since we are in some sort of rent versus buy gray zone right now, I thought I’d create a “gray” matrix showing the market share differences in location and apartment size based on the buy and rental market in Manhattan. This is not a rent versus buy analysis but rather a comparison between two distinctly different markets…
[click to expand to humungous version]
Posted by Jonathan J. Miller -Tuesday, April 24, 2012, 11:11 PM
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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. And I’m simply here to take measurements.
Read today’s 3CW post on Curbed New York:
By far the three most popular observations about the Manhattan housing market to date in 2012 are: “mortgage rates are at historic lows” and “listing inventory is tight” and…ok, there are just two that are worthy.
I thought I’d mash them together and see what happened since I’ve never made the direct association. Admittedly I was surprised with the visual that resulted….
[click to expand]
Posted by Jonathan J. Miller -Wednesday, April 18, 2012, 9:24 PM
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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. And I’m simply here to take measurements.
Read today’s 3CW post on Curbed New York:
Since we’ve been fixated on the higher rental costs facing New Yorkers as of late, I thought I’d look at the the ownership side of the housing market and, specifically, monthly HOA fees.
I wanted to present a visual on how these monthly fees trended over the past 3+ years. I looked at the average monthly cost per square foot based on all the sales I had for each period…
[click to expand]
Posted by Jonathan J. Miller -Tuesday, April 10, 2012, 2:19 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. And I’m simply here to take measurements.
Read today’s 3CW post on Curbed New York:
A continuing refrain in 2012 has been (no, not Linsanity) the shortage of Manhattan apartment inventory. Seems like everyone has been complaining about it. I thought I’d look at how 2012 was shaping up by parsing out the markets by bedroom size. I looked at the first 12 weeks of the year and compared it against the average of the three prior years. Although I’d rather average the last decade as a basis of comparison, my per unit historical only goes back to late 2008…
[click to expand]
Posted by Jonathan J. Miller -Thursday, April 5, 2012, 4:11 PM
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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. And I’m simply here to take measurements.
Read today’s 3CW post on Curbed New York:
I’ve long been talking about entry-level sales being very responsive to changes in mortgage rates. I thought I’d attempt to show this by comparing entry-level (studio, 1-bedroom) apartment sales against the 30-year fixed rate over the past decade. This week’s release of the market report for 1Q 2012 brought the issue front and center since we saw the highest market share since 4Q 2009 and the share was higher than the balance of 2009 which I had previously dubbed “The Year of the First Time Buyer” due to the sharp drop in mortgage rates after the fall of Lehman and the federal tax credit for first time home buyers…
[click to expand]
Posted by Jonathan J. Miller -Wednesday, March 28, 2012, 10:00 PM
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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. And I’m simply here to take measurements.
Read today’s 3CW post on Curbed New York:
Next week we release the Manhattan 1Q 2012 market report. I’m sifting through the data now but I thought I’d take a shot at seeing ahead into the second quarter sales based on listing activity in the first quarter. I realize this is fraught with statistical pitfalls and I am using too many graphic elements in this one but hey, this is Curbed and I’m USING arrows…
[click to expand]
Posted by Jonathan J. Miller -Tuesday, March 20, 2012, 2:06 PM
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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. And I’m simply here to take measurements.
Read today’s 3CW post on Curbed New York:
This is the final chart of the Manhattan scatter graph trifecta. I thought this format was a great way to look at the entirety of the market with better context. This week I am literally long on graphics and short on text. I used the same approach as two weeks ago but divided the market into easier-to-view scaled segments and then placed them on top of each other aligned by years. A few things stood out:…
[click to expand]
Posted by Jonathan J. Miller -Tuesday, March 13, 2012, 2:38 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. And I’m simply here to take measurements.
Read today’s 3CW post on Curbed New York:
I was drinking a cup of coffee bought from a bodega I was walking by (the only way I could squeeze in a bodega reference) and had a thought. After coming off of last week’s scattergraph bender, I decided to apply the same approach to flesh out the price resistance that occurs at the $1M threshold. I selected a price range of equal distance above and below $1M and let the dots fly. Each dot represents a closing date and price from $750,000 to $1,250,000 from 2003 to 2011 (plus a few weeks into 2012)…
[click to expand]
Posted by Jonathan J. Miller -Wednesday, March 7, 2012, 2:09 PM
1 Comment
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. And I’m simply here to take measurements.
Read today’s 3CW post on Curbed New York:
With so much discussion about the upper end of the market, I decided to look at the top 1 percent of Manhattan co-op, condo and townhouse closings as a scattergraph since the dawn of time (i.e. 2003, when the boom started to gather steam, nearly a decade ago). Each dot represents a closed sale at or above $10M…
[click to expand]
some added fun – same chart below but without the $88M 2012 sale for an easier to read graph
[click to expand]
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]
