Brooklyn real estate market on fire.

0:00 Speaker 1 Sunday morning. What is today is Susanne Miller, one of the experts in New York real estate. Susanne Miller tell us how is the condom market, the co op market, the rental market? Give us an update in New York.

0:17 Speaker 2 I will John. It’s It’s really interesting because just this week I’m seeing pent up demand. I think maybe people are starting to get some confidence, or maybe it’s the end of the year. People want to use their bonuses.

0:28 But I’m seeing end of the year calls coming in right now. I wanted to see properties which I have not seen in months. On the condo side, we actually have some offers in right now, and it’s very encouraging because it’s been slow. So I think that it’s the time of year people maybe the economy is doing better

0:44 and people’s bonuses are they’re counting on higher bonuses. Confidence level too, Yes, I feel and I feel the pent up demand. It is the first time in a very long time that I see some light at the end of the tunnel on the sales side.

0:57 Speaker 1 And the interpretation to that eventually interest rates world drop well. Yeh.

1:03 Speaker 2 So, I mean if you look at the years before, it was two and a half to three percent. The economy is strong, and I think it’s going to take about a year and I think we’re going to come back down to five and a half six percent.

1:15 Speaker 1 Absolutely, I think you’re right. And what else you want to tell us about the WADO sate Mark.

1:20 Speaker 2 Well, the rentals have continued to be strong. Everybody seems to love Brooklyn, Brooklyn. The Brooklyn market is pretty much saturated. People feel safe there that’s never really experienced this same fear that Manhattan has. People they love Crown Heights. Those people love Crown Heights. Downtown Brooklyn is doing really well.

1:42 Fort Green on fire. So Brooklyn has continued to do well, right since the pandemic understood.

1:49 Speaker 1 Now this week, you are being awarded a super medal. You’ve completed one year at w AGC. Everybody loves you. You will seeded all expectations. You’re on the top, on the top of the real estate market in New York.

2:08 How do you feel.

2:09 Speaker 2 I’m so encouraged, and I have such gratitude for everybody that has helped me. And I think that we make a difference. And I think that the people that listen to WABC. And it’s a year and a half, so thank you for that. And we have reached on just about six million people that have now we’ve touched reach

2:25 and spoken to on the Miller Report for WABC, and it’s I’m so honored and I feel such gratitude about that.

2:32 Speaker 1 John, and the Miller Report you’re on. You do one every week.

2:37 Speaker 2 I do one. We podcast once a week, and we have the Miller Minute on WABC, which is a one minute news break about what’s going on in the market, and that comes on at nine and at five during your show.

2:49 Speaker 1 And well, congratulations again. And you know I never tell a woman’s age. You said a year and a half. I said a year.

2:57 Speaker 2 Thanks John, I’ll take that.

2:58 Speaker 1 Well. I looked in for Oh, it’s just celebrating with you and I understand where you’re having a party that’s going to be hundreds of people. And congratulations on doing well in life.

3:11 Speaker 2 Thank you, John, Thanks for all you do for everybody, big heart. Thank thank you.