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

Will the Housing Market Recover in 2024

Mortgage rates would need to return to a more “normal” upper 4% to lower 5% range which we are heading towards - however slowly. This would help the housing market, over time, return to 2014-2019 levels. Our advice? Buying now will save you from the rush of buyers that wait for interest rates to drop. That flood of buyers will increase demand and prices will be sky high. 

(Full Story)

Dow Closes More Than 350 Points Higher, Nasdaq Jumps 1% In Rebound From Fed Day Sell-Off

The Dow Jones Industrial Average

rose last week, recovering from a brutal sell-off after the Federal Reserve held steady on rates but signaled that a March cut is unlikely

. It was a fresh record close for the blue-chip index, which also wiped its losses from earlier in the week.

 

(Read More)

Fed Holds Rates Steady, Says More Confidence Needed to Slow Inflation
The Federal Reserve left interest rates unchanged on Wednesday but took a major step towards lowering them in coming months in a policy statement that tempered inflation concerns with other risks to the economy and dropped a longstanding reference to possible further hikes in borrowing costs. 

(Read More)


Team News

Collaboration

One of the most important things to our business is our ability to collaborate without ego. It happens to be a Compass core principle and is something that we've always done and will continue to do. Whether it's collaboration between our team members, our vendors, fellow agents, or our clients, we make sure that this element is a cornerstone of our business practice. We love what we do and we want as many people to join in as possible. If you have any FOMO about working with this team, reach out and lets see if we can change that!

Our Properties

39 South Portland Avenue
Fort Greene
7 Bed | 5 Bath

Open: 02/04 12:00 PM - 01:30 PM

321 East 43rd Street, Unit 812
Midtown East
2 Bed | 1 Bath
Open: 02/04 12:00 PM - 01:30 PM
267 New York Avenue
Crown Heights
6 Bed | 3.5 Bath

Open: 02/04 12:00 PM - 02:00 PM

175 Jackson Street, Unit PH4D
Williamsburg
2 Bed | 2.5 Bath

Open: 02/04 02:30 PM - 04:00 PM

© Compass 2024 ¦ 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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