Your weekly market update has arrived. Brought to you by the Martin Eiden Team at Compass.  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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New and Noteworthy

High-Interest Rates and Low Inventory Impact the New York Housing Market

Sales of homes across New York dipped once again in October

 according to the housing report released last week by NYRAC and comes as interest rates inched closer to 8%. Anecdotally, however, our team is on track to achieve pre-pandemic levels of business.

 

(Read more here)

In the Stock Market, Don’t Buy and Sell. Just Hold

There’s new evidence that market timing doesn’t work. Your odds of success are better if you just hang on and aim for average returns, our columnist says. T

he ability to time the market is rare, if it exists at all. Without question, it’s so hard that the vast majority of professional traders can’t do it, as countless studies have shown. (

Read more here)

NYC Will Pay Homeowners Up to $395K to Build an Extra Dwelling 

NYC will hand 15 homeowners up to $395K to build an additional apartment. This could mean an extra unit in a garage, basement, or attic, or a tiny home in the backyard. The idea is to boost housing density in a city in desperate need of new housing. 

Team News

The Holidays

We hope you enjoyed your Thanksgiving holiday, however you chose to celebrate! We welcome this time of the year with an open heart and open mind. We are internally grateful for our family, friends, and clients for everything they provide for us and our well being. As we look forward to the upcoming holidays and new year, we can't help but get excited about all the amazing things it will bring.


Even through the holiday season we will continue to work to provide the best experience we can for you. If you need our help for anything - big or small - don't hesitate to reach out! We would love to hear from you.

Our Properties

134 West 80th Street, Unit 4F
Upper West Side
1 Bed | 1 Bath
159 West 53rd Street, Unit 36B
Theater District
2 Bed | 1.5 Bath


306 Mott Street, Unit PH9
NoHo
4 Bed | 4.5 Bath
39 1/2 Washington Square South
Greenwich Village
2 Bed | 1 Bath


© Compass 2023 ¦ All Rights Reserved by Compass ¦ Made in NYC

Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. All Coming Soon listings in NYC are simultaneously syndicated to the REBNY RLS. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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