J Miller says market is back to normal

The market is back to a “normal comfort level,” said Jonathan Miller, president of Miller Samuel. “We’re comparing against last year when we weren’t fully off the floor. It’s currently stable.” “I’ve watched the market kind of decline, decline and decline, and I feel like it’s at least leveling out,” Russell said. “I couldn’t be happier that I’m downsizing and buying.” After studying the Manhattan... [more]

The market is back to a “normal comfort level,” said Jonathan Miller, president of Miller Samuel. “We’re comparing against last year when we weren’t fully off the floor. It’s currently stable.” “I’ve watched the market kind of decline, decline and decline, and I feel like it’s at least leveling out,” Russell said. “I couldn’t be happier that I’m downsizing and buying.” After studying the Manhattan sales market for the last two years, Kim Meehan-Bambino and her husband Laurence Bambino decided that the third quarter was a good time to trade up. They put their two-bedroom, two-bathroom co-op apartment in Chelsea up for sale in June and had an offer two days later, said Meehan-Bambino, who works as a fashion stylist. It is under contract for $1.33 million, $400,000 more than they paid for it. The couple, expecting their third child in December, simultaneously put in an offer for a three-bedroom apartment in a doorman building further east. http://www.bloomberg.com/news/2010-10-01/manhattan-apartment-sales-jump-19-as-jobs-stabilize-mortgage-rates-slide.html [less]