Jonathan Miller’s reports on New York’s rental and sales markets have become essential reading for anyone trying to navigate the increasingly complex housing situation during the pandemic. With the apartment market turning from great for tenants to great for landlords at a rapid pace and housing demand hitting unprecedented highs, the Miller Samuel president and CEO is analyzing a market the likes of which he hasn’t encountered in about 40 years. “I’ve been doing this since the mid-’80s,” Miller said, “and I’ve never seen a more polarized housing market than I have right now.”
What made the rental market switch from tenants’ to landlords’ favor so quickly?
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