Tag Archives: Jonathan Miller
Case Shiller Speaks, The Nation Crumbles: How Did Dallas Real Estate Fare in The Latest Case Shiller Oracle?
My friend Jonathan Miller is the one who really helped me see the light: the Case Shiller Index ain’t what its cracked up to be. It was designed for Wall Street, not to be devoured by the average U.S. consumer. There is a major lag time between the actual data and reporting. It doesn’t include new home sales or construction, which, I’ll grant, are no where near what they used to be, but do make a difference in our housing market where volume builders are still churning dirt. And it doesn’t separate distressed properties from non-distressed, like Core Logic does.
What Does This S&P Downgrade and Stuff Mean for the Dallas Real Estate Market? Another Nail in the RE Recovery Coffin?
Another nail in the coffin of the struggling real estate recovery?
That’s Jonathan Miller and me in San Francisco at Real Estate Connect. I am glad we are friends because Jonathan is about the most quoted real estate consultant and expert these days, and one of the most knowledgeable appraisers I know. (I’ve given up on the PhD’d economists. Get me real people who work.) Money Magazine calls JM the “Best Online Real Estate Expert”; The New York Observer says he’s one of the 100 Most Powerful People in Real Estate; Inman News crowns him one of the top 25 most influential real estate bloggers in the U.S. and his blog, Matrix: Interpreting the real estate economy, was voted one of the top five U.S. real estate blogs. While I chatted with him in his New York office in June, Bloomberg, the Wall Street Journal and the New York Times called him within an hour. So when we got the news that Standard and Poors had downgraded the U.S. credit rating from Triple A to AA, the person I most wanted to call was Jonathan to learn. What the hec does this mean to housing?