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In (Part of) Brooklyn, New York’s Market Mania Grows

…The latest widely reported figures from appraisal firm Miller Samuel Inc. median prices for both sales and rentals, in Brooklyn up more than 13 percent for the year…. …That high number, and the quite small number of rentals in Miller Samuel’s survey made me seek some clarification. Indeed, as Miller Samuel president Jonathan Miller explained to me, the rental figures in his study cover just northwest Brooklyn — the most expensive part of the borough. While sales data is a matter of public record, rentals are not, and Miller gathers them from a selection of brokerage sources….

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#Housing analyst, #realestate, #appraiser, podcaster/blogger, non-economist, Miller Samuel CEO, family man, maker of snow and lobster fisherman (order varies)
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