Experts weigh in on ‘why’ of numbers, but how?

Jonathan Miller of the Miller-Samuel appraisal firm released the latest statistics in his report for Prudential Douglas Elliman on Friday.

So did Greg Heym from Halstead.  And Pamela Liebman from Corcoran.

Housing price and sales statistics are regularly released by a number of others, including Case-Shiller, Radar Logic, the National Association of Realtors, PropertyShark.com and CoreLogic.

Invariably, the experts also explain the numbers.  My advice is not to put an excessive amount of stock in what they say, Continue reading

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Year-end numbers give hope for cautious optimism

For the first time since the market collapsed in late 2008, sales activity and inventory in Manhattan stand at near normal levels, according to market reports compiled by Crain’s and others.

Among the highlights was a continued increase in Continue reading