Jonathan Miller: Single-family markets are facing a “chronic lack of inventory”

Miller sat with TRD last week to review the state of major US housing markets

National /
Jan.January 04, 2021 08:00 AM

As 2020 came to a close, The Real Deal turned to an expert for a view of some of the nation’s biggest housing markets.

Miller Samuel Real Estate Appraisers’ Jonathan Miller sat with TRD editor-in-chief Stuart Elliott to dive in to the state of the market in New York, Miami-Dade County and Los Angeles.

Miller compared NYC’s uneven market with the booms in Palm Beach, Miami, and out in Los Angeles.

“After the lockdown ended, there was a flight to the single family market,” Miller said. “There has not been in modern recorded history such a dearth of, such a chronic lack of inventory.”

Check out the video above to master the markets as 2021 begins.


Related Articles

arrow_forward_ios
What will proptech look like in 2019 and beyond?
What will proptech look like in 2019 and beyond?
What will proptech look like in 2019 and beyond?
The Observation Deck at Hudson Yards (Credit: Adam Pogoff)
Views from 1,100 feet: A tour of Related’s “the edge,” the tallest outdoor observation deck in the Western Hemisphere
Views from 1,100 feet: A tour of Related’s “the edge,” the tallest outdoor observation deck in the Western Hemisphere
(Illustration by The Real Deal)
Americans bought 5.6M homes last year — the most since the bubble
Americans bought 5.6M homes last year — the most since the bubble
(Illustration by The Real Deal)
How builders are changing America’s suburbs to fit the times
How builders are changing America’s suburbs to fit the times
The median existing-home price exceeded $300,000 for the first time last year (iStock)
Vicious cycle creates “huge supply crunch,” pushing home prices up
Vicious cycle creates “huge supply crunch,” pushing home prices up
(iStock)
Want a home in Greenwich? Data says you’d better hurry
Want a home in Greenwich? Data says you’d better hurry
Overall, the number of housing units that started construction last year was up 7 percent from 2019. (iStock)
Residential construction had busiest year since 2006: MBA
Residential construction had busiest year since 2006: MBA
(iStock)
Homebuilder sentiment falls for second month in a row
Homebuilder sentiment falls for second month in a row
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...