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[Three Cents Worth NY #231] Manhattan Sales, Rentals Not Opposites

Posted By Jonathan Miller On May 15, 2013 @ 1:13 pm In Blogging Off The Matrix,Curbed: 3 Cents Worth,Historical, Landmark, Milestone,Manhattan | Comments Disabled

It’s time to share my Three Cents Worth (3CW) on Curbed NY [1], at the intersection of neighborhood and real estate in the capital of the world [2]…and I’m here to take measurements.

Check out today’s 3CW column [3] on @CurbedNY:

I thought I’d take a look at price growth between the Manhattan rental market and sales market over the past decade. I am struck by how many of us have the default view that these two markets always move in opposite directions, myself included. In other words, if rental prices are rising, sales prices must be falling and vice versa. I trended the year-over-year change in median rental price and median sales price over the decade. I also inserted significant US housing milestones along the way but left out the ’13 launch of Iron Man 3…

[4]
[click to expand chart]

 


Today’s Post: Three Cents Worth: Manhattan Sales, Rentals Not Opposites [Curbed [3]]
Three Cents Worth Archive Curbed NY [5]
Three Cents Worth Archive Curbed DC [6]
Three Cents Worth Archive Curbed Miami [7]


Article printed from Miller Samuel Real Estate Appraisers & Consultants: http://www.millersamuel.com

URL to article: http://www.millersamuel.com/three-cents-worth-ny-231-manhattan-sales-rentals-not-opposites/

URLs in this post:

[1] Curbed NY: http://ny.curbed.com/

[2] capital of the world: http://www.nyc.gov/html/lmec/html/about/nycapital.shtml

[3] today’s 3CW column: http://ny.curbed.com/archives/2013/05/15/three_cents_worth_manhattan_sales_rentals_not_opposites.php

[4] Image: http://www.millersamuel.com/files/2013/05/3cw5-15-13.jpg

[5] Curbed NY: http://ny.curbed.com/tags/three-cents-worth

[6] Curbed DC: http://dc.curbed.com/tags/three-cents-worth

[7] Curbed Miami: http://miami.curbed.com/tags/three-cents-worth

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