May, 2019

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Billionaires Row Continues to be Challenged

Miller Samuel

It's been no secret that super luxury Manhattan sales have been the hardest hit segment of the market since 2014. The slowdown is related to the oversupply of new development created from the vast amounts of capital looking for a home since the financial crisis. Perhaps the most famous representation of the super-luxury market has been "Billionaires Row" centered on 57th Street in the heart of Manhattan's central business district in Midtown Manhattan.

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Estate Appraisals in Massachusetts: Everything You Need to Know

Boston Appraisal

When a family member passes away, his or her relatives can be overwhelmed quickly. Not only are they grieving, but they must also take care of the legal obligations and paperwork necessary to settle the deceased’s estate. And because real estate properties are usually the most significant financial asset of the deceased, establishing their fair market value is a priority.

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When would I need a Real Estate Appraisal??

Advanced Appraisal

May 2019 Chicago and South Suburban Appraiser Blog!!

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Divorce Appraisals

Anthem Valuation

When going through the process of a divorce, you need a well-supported, expert appraisal that will stand up in court. We work with attorneys to ease the process and get the appraisal documents completed in a timely manner. In many cases a retroactive appraisal with an effective date and Fair Market Value estimate matching the date of the divorce. We have the expertise and professionalism to work with everyone involved and are ready to assist with your needs.

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3 Common Moving Nightmares (and How to Prevent Them)

Zillow

Moving may top the list of stressful experiences that can feel like a bad dream - one that can easily come true unless you take precautionary measures. Problems can occur at every stage of the relocation process, but the most common moving nightmares fall into three categories. Here’s how they typically play out - and how to avoid them. Poor organization.

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I’m not an Appraiser, You just think I’m one

The People's Appraisal Blog

Ever see the AT&T commercial where the surgeon walks in and he says ” I Just got reinstated, Nervous? Thats ok so am I “ If not see here: [link]. Or the late 1986 commercial with Peter Bergman that states ” I’m not really a doctor but I play one on TV” If not see here [link]. Well get ready Consumers because the person that is about to visit your home IS NOT an appraiser or just pretends to play one without the proper training.

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[Inside Edition TV] The Fifth Avenue Retail Apocolypse?

Miller Samuel

Real estate brokerage firm Cushman & Wakefield wrote a research piece on the prime Fifth Avenue retail corridor from 49th Street to 60th Street that was covered in a widely read Wall Street Journal article called Fifth Avenue Losing Luster as Vacancies Climb, Rents Fall. The following chart was in the WSJ article. Luxury real estate here peaked at about the same time.

Retail 195
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NYT Infographic: Manhattan Real Estate Shift To High End, Illustrated

Miller Samuel

There is a cool graphic from the New York Times Calculator column by Michael Kolomatsky in this Sunday's print edition of the Real Estate section that illustrates Manhattan's dependence on high-end real estate. Using the data from a chart I began right after 9/11 and we continue to update, he illustrates this point: Almost half the money spent by New York City home buyers in the first quarter of 2019 went toward the most expensive properties.