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Market by Martin |
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Brought to you by The Martin Eiden Team at Compass |
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New and Noteworthy |
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Manhattan Is Now A ‘Buyer’s Market’ As Real Estate Prices Fall & Inventory Rises According to new reports, Manhattan is becoming a buyer’s market as apartment prices fell and inventory rose in the second quarter of 2024. The average real estate sales price in Manhattan fell 3% to just more than $2 million. The median price fell 2% to $1.2 million. The gap between buyer and seller expectations is narrowing, and more deals are closing. |
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S&P 500 Hovers At Record Levels Stocks were mostly little changed, but the S&P 500 managed to tick higher as the benchmark index heads for yet another weekly gain during the holiday-shortened trading week. The broad-market index traded higher by about 0.1% on Friday. The Dow Jones Industrial Average shed 94 points, or 0.2%, while the Nasdaq Composite gained 0.5%. (Read More) |
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