You can count on appraisal executive Jonathan Miller to provide an informed perspective on both the U.S. and local housing markets.
A post of his this week on an abnormally low number of listings in the U.S. was no exception. (We’re down in Manhattan, too.)
Although others have maintained that declining inventory has been a positive development that was sure to result in stabilizing and then rising prices, Miller contends that the opposite is true. Says he: (more…)