Digging In Can Be The Best Housing Defense

I’m taking a little time off in the great U.S. tourist mecca of Detroit this week, visiting family but I still have a few things to share.

This is intriguing.


But I digress…

Elliman Report released: 7-2019 Manhattan, Brooklyn & Queens Rentals

Douglas Elliman Real Estate published our research on the July rental market. This is part of an expanding Elliman Report series I’ve been authoring since 1994.

Because life is obviously a chart, here are two charts that chronicle the results of the Elliman Report: 7-2019 Manhattan, Brooklyn & Queens Rentals.

Bloomberg:


Wall Street Journal:


Credit Rating Agencies Enabled The Financial Crisis…Without Getting Credit For It

In the aftermath of the housing/credit bubble, I have always marveled how the rating agencies got off scot-free, rating tainted mortgage pools as triple-A. The gist of agency complicity is that they are paid by the investment banks for their rating services. If the ratings make the investment bank unhappy, the agency gets no future business. I always related this relationship to the housing bubble because appraisers were selected by mortgage brokers on behalf of the banks but the mortgage brokers were only paid if the loan closed. H/T to Barry Ritholtz on this big Wall Street Journal piece.

Sharp Drop In Mortgage Rates Having Muted Impact On Housing Sales

From my friend Dan Alpert, a good Twitter follow:


Appraiserville

(For earlier appraisal industry commentary, visit my old clunky REIC site.)

Still on summer hiatus – but there are a lot of good reads in the links below!

OFT (One Final Thought)

Bubble bursting analogies on steroids.


Brilliant Idea #1

If you need something rock solid in your life (particularly on Friday afternoons) and someone forwarded this to you, or you think you already subscribed, sign up here for these weekly Housing Notes. And be sure to share with a friend or colleague if you enjoy them because:

  • They’ll find another use for their cars;
  • You’ll get more credit;
  • And I’ll rent.

Brilliant Idea #2

You’re obviously full of insights and ideas as a reader of Housing Notes. I appreciate every email I receive and it helps me craft the next week’s Housing Note.

See you next week.

Jonathan J. Miller, CRP, CRE, Member of RAC
President/CEO
Miller Samuel Inc.
Real Estate Appraisers & Consultants
Matrix Blog @jonathanmiller

Reads, Listens and Visuals I Enjoyed

My New Content, Research and Mentions

Recently Published Elliman Market Reports

Appraisal Related Reads

Extra Curricular Reads