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Made in Manhattan

…“Rents have risen because, since the post-Lehmann era tipping point, mortgage standards have not eased much,” says Jonathan Miller, president of Miller Samuel Real Estate Appraisers….

…“The rental market responds more rapidly to improving economic conditions, whereas sales represent slow lumbering transactions, involving multiple parties,” Miller explains….

…Still, Miller adds a gleam of hope, reminding how real estate prices move in cycles….

…“Brooklyn has become its own destination, where people choose to live,” says Miller….

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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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