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NYC’s rental market slightly — just slightly — less brutal

…According Jonathan Miller, of Miller Samuel, which provided the New York data for the report, the city saw a record number of apartment sales this summer….

…But this doesn’t mean NYC rents are suddenly going to drop to 2009 levels. “I think now the direction is sideways,” says Miller….

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Housing Notes by Jonathan 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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