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Market by Martin |
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New and Noteworthy |
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A Good Time To Make A Deal: New York Real Estate In Q1 2023 New York City’s real estate market reacted strongly to the economic uncertainty of 2023’s first quarter. Many buyers throughout our market put their plans on hold in the wake of the 50 basis point increase in the Fed rate during the month of December. which followed several 75 basis point increases. |
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Q1 Brooklyn Market Report The Brooklyn residential real estate is weathering a real estate cycle impacted by low inventory and a rapid surge in interest rates. Total transactions declined 41.3 % YoY and 18.0 % compared to the previous quarter. However, contracts signed increased by 6.3% QoQ , indicating some s tabilization in the market. (See Full Report Here) |
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NYC Is Getting Rid Of Surprise Add-on Fees To Event Tickets Soon, New Yorkers may not have to worry about surprise fees being added to the cost of tickets to concerts or games. On Tuesday, local lawmakers overwhelmingly approved a veto-proof measure that forces retailers to show the price of a full ticket, with all costly fees included up front. (Full Story) |
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Team News |
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Market Update: 4/15 |
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Remember the Silicon Valley Bank and Signature Bank brouhaha? It seems like old news now because the impact on the market was minimal, fortunately. The big news now is that the market is desperate for inventory - and with prices on the rise, it is a great time to sell. With interest rates cooling, it is also a good time to buy a home - if you can find it! |
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Our Properties |
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We are partnering with Block: a home renovation platform that helps you design, plan, and build all in one place. If you are planning a home reno, use Block to get an on-site estimate of costs before you even start. Plus use offer code APKSTEPTXU to get $500 off your materials purchase. Click here for more info. |
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