Making sense of the NYC real estate market with Jonathan Miller

The Brick Underground Podcast

Content provided by BrickUnderground.com, BrickUnderground.com helps readers navigate NYC real estate, and Thrive in t. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BrickUnderground.com, BrickUnderground.com helps readers navigate NYC real estate, and Thrive in t or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

2y ago 27:04

MP3•Pagina episodului

Fetch error

Hmmm there seems to be a problem fetching this series right now. Last successful fetch was on September 19, 2024 14:31 (2M ago)

What now? This series will be checked again in the next day. If you believe it should be working, please verify the publisher's feed link below is valid and includes actual episode links. You can contact support to request the feed be immediately fetched.

Appraiser Jonathan Miller, president and CEO of Miller Samuel, joins host Emily Myers to discuss what buyers, sellers, and renters in New York City can take away from the real estate data as we head into 2023. Rents are 15 percent higher than they were before the pandemic but concessions (like free rent given by a landlord to entice someone to sign a lease) are actually starting to rise. Meanwhile, apartment sales have slowed because of rising mortgage rates and uncertainty about the economy.

One tip: If you want to follow sales price trends in NYC you need to look at inventory and months of supply—the metrics that tell us how many apartments are available and how quickly they are selling. When months of supply go above eight and a half, buyers get some leverage.