Miller Samuel - Appraisers-at-large

manhattanfox - How does the providing data and analysis indicate an agenda? Why is it wrong to share the state of the market with the public? Our firm tracks the market and perform appraisals. They go together IMHO. When you do it for 21+ years, you get media inquiries.

As someone who has been part of the real estate press (I was the founding editor of the New York Post real estate section, and ran it for two years) I'd say it's because Miller Samuel's numbers are both the most recent and broadest data sample.

Jonathan Miller has a relationship with Elliman, which is disclosed in every major news story about him, but beyond that, he's been providing clean data on transactions in the city for decades. It's funny that he's your example of "helium," because his recent press comments have not been bullish.

More to the point, whose numbers would you rather use? Case/Shiller, a widely reported housing data index, was constructed for the purpose of financial trades, and it does not include New York City co-ops, so it doesn't say much about Manhattan. REBNY, the NYC real estate trade association, releases broad numbers from a collection of its broker members, but there is a time lag. And every individual firm releases numbers (e.g. "the Corcoran report") but their data samples are usually firm-wide, and therefore much less inclusive.

ali r.
{downtown broker}

Everyone screams for transparency, and here you have it by the bucketloads. Sure, you can adapt the findings to accommodate any point of view, but you can't dispute Miller Samuel's raw data.

I am now a successsful manhattan real estate investor partially based on several years of reading Miller Samuel website data and news. Any front line reporting is extremely important as well as the historical data provided( I am very fond of the charts as i often link them here)). I wholly disagree with the above statement.

I have also used fellow MBA graduate Greg Heym's reports over at Halstead which again is extremely useful . Please keep up with the excellent unbiased, factual reporting.

I love the Miller Samuel data tab and have worked with it a fair amount.

I can't help but wonder, though, if there is some bad data in there. When I look at Manhattan Coops for the period 1989 to 2001 for three and four-plus bedrooms on a per square foot basis I see prices of $18 to $70 per square foot which is obviously incorrect.

Most everything else I see in the data tab - which is extensive - looks quite reasonable.

Would be pleased to get any clarification from JonathanMiller.

Thanks everyone for your kind words!

Topper - I'll take a look at that table and the raw data shortly and get back to you - it definitely sounds like an error.

Thanks for your responses -- and thank you Jonathan Miller. I see you in print very often -- and it is sometimes in artcles with brokers too --

I have come to like these rooms at Street Easy. While the opinion vary greatly, people are direct and provide information that is helpful. People (evidenced by those above) obviously like your information.

I had previously seen it presented with brokers opinions -- but I will read it differently going forward. Have a good weekend.