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
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.