|
 |
|
Market by Martin |
|
|
|
New and Noteworthy |
|
Congestion Pricing Scanners Debut On Broadway, As Lawsuit Looms Just off Columbus Circle and above one of the city’s busiest subway hubs, congestion pricing is finally rounding from concept into near-reality. New York’s long-running campaign to raise billions of dollars for transit upgrades by tolling motorists driving into the most car-clogged parts of Manhattan is taking shape in the form of vehicle-identifying scanners at West 60th Street and Broadway tangible proof. |
|
|
US Stocks Fall As Dow Heads For Worst Week Since March, Rising Bond Yields US stocks fell Friday, with each of the three major indexes heading for losing weeks as bond markets and China's economy fuel a sell-off. The Dow Jones Industrial Average is on track for its worst week since March, and both the S&P 500 and Nasdaq Composite are on pace to notch their third consecutive weekly declines. (Full Story) |
|
Goldman Sachs Forecasts Stable Fed Rates, Positive Housing Market Outlook After last month’s quarter-point hike until the 2nd quarter of 2024, GS predicts the cycle will start to reverse with the first quarter-point cut. As of the July 25 rate decision, the Fed is no longer predicting a recession. It turns out the soft landing may not be a fairy tale after all. The chatter is shifting from how high rates need to go to how long they will stay where they are before they come down. (Full Story) |
|
|
Team News |
|
|
Predictions for the Fall Market |
|
Do we have a crystal ball? No. But have we worked in this industry long enough to recognize the trends, cycles, and forces that affect our local and national real estate markets? Absolutely. Our prediction for the Fall Market: after people are done revenge vacationing this summer, the market will be back with a vengeance. |
|
Our Properties |
|
|
|
|