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The Manhattan Surprise: Rents fall for the first time in two years

…The median monthly rent dropped 3.1 percent from a year earlier to $3,095, the first annual decline since June 2011, according to a report today by appraiser Miller Samuel Inc. and broker Douglas Elliman Real Estate….

…They came from the rental market,” Jonathan Miller, president of Miller Samuel, said in an interview….

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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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