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Market by Martin |
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New and Noteworthy |
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NYC Remains The Most Expensive Real Estate Market In World The Big Apple has retained its crown as the world’s priciest housing market. New data has determined that, in 2022, more ultra-prime property transactions were conducted in New York City than anywhere else on Earth. Real estate brokerage Douglas Elliman and consultant agency Knight Frank released the 17th edition of their annual Wealth Report. (Full Story) |
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Last Week Manhattan Beat Brooklyn in terms of an increase in signed contracts and closed sale. There were 933 contracts signed in Manhattan and 644 signed in BK. Overall, Brooklyn has been more active for the past 2-3 years, so this is unusual. Lower than normal inventory is affecting Manhattan as well. While it's a negative for buyers (less choice), it's a positive for sellers (it keeps prices up). |
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Stocks Rose Last Week In Hopes of Lowered Interest Rates Stocks rose last week after the president of the Federal Reserve Bank of Atlanta, Raphael Bostic, expressed support for raising the Fed's benchmark lending rate to a range of 5% to 5.25% — less than many investors are forecasting. In response, t he S&P 500 rose 1.61%, the Nasdaq went up 1.97% and the Dow Jones Industrial Average increased 1.17%. |
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Team News |
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Women's History Month |
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Throughout history, our social life, our civic life, and our political life have been shaped by the will and actions of many brave-hearted women. Through their active social engagements, political participations, and undying spirit to fight for progress, women have successfully challenged the status quo and have contributed immensely to progress we see in the world today. Although the fight far from over, we take this time to salute all women who have spoken up, stood strongly in their convictions, challenged the expectations, and became the frontrunners of change. |
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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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