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New and Noteworthy |
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Another Banner Year With just over two trading weeks left in 2024, the S&P 500 was on track to post back-to-back annual gains of more than 20% for the first time since 1999. As of Friday, the S&P 500's total return was almost 29% year to date; in 2023, the index finished with a more than 26% return. (Read More) |
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2025 Real Estate Market Predictions Redfin predicts pent-up demand will lead to more home sales, but many would-be buyers will opt to rent. They also predict home prices will rise 4% in 2025 and that interest rates will stay in the high 6% range. Despite this, they maintain that there will be more home sales in 2025 and fewer construction regulations will lead to more homebuilding. (Read More) |
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NYC Council Passes Mayor Adams’ Controversial ‘City of Yes’ Housing Plan Last Week, Mayor Eric Adams’ got his controversial and ambitious plan to build 80,000 new housing units across the Big Apple over the next 15 years passed. The initiative — known as “City of Yes” — was approved in a 31-20 vote after months of tense negotiations in City Hall as NYC seeks to address the city’s housing and affordability crisis. (Read More) |
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Team News |
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Compass Holiday Party |
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Last week, The Martin Eiden Team celebrated in style at the Manhattan Compass Holiday Party! Everyone was dressed to the 9s, we danced, we ate, we drank, we danced some more. We even were named best dressed team, thanks mostly to Shawn bringing his effortless A-game, as always. We had a blast doing what we do best: working hard all day and playing hard all night… this time at the Compass Manhattan Holiday Party. 🎉🎄❄️ |
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Our Properties |
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