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Market by Martin |
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New and Noteworthy |
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Manhattan Home Prices Are Rebounding Manhattan home prices rose for the first time in more than a year, as surging high-end sales propelled the market and lower mortgage rates set the stage for a broader recovery in 2024. Purchases closed at a median of $1.16 million in the fourth quarter, up 5.1% from a year earlier. It was the first annual increase since the third quarter of 2022. (Read More) |
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Wall Street Experiences Slight Movement as Bond Yields Increase Following Promising Economic Data Wall Street’s weak start to 2024 carried into a third day, and stocks finished mixed on Thursday following reports showing the U.S. job market remains solid, though maybe a touch too strong. The S&P 500 slipped 16.13, or 0.3%, to 4,688.68 and is on track for its first losing week in the last 10. (Read More) |
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2023 vs 2024 Predictions So many pessimistic economic predictions about 2023 were wrong that one has to be a wee bit nervous seeing the incredibly optimistic predictions for 2024, but Wall Street sounds optimistic and much of the data supports this. The S&P 500 has risen in 73.9% of presidential election years since 1929, higher than the overall average of 64.9%. The index has returned an average of 6.15% in election years. (Read More) |
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Team News |
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Vote On Our New Name |
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We are thrilled to announce the merger of The Martin Eiden Team and the Kelly Robinson Team; established residential real estate professionals at Compass in New York City. Our plans for 2024 include expanding or luxury business, which also specializes in working with Sports and Entertainment Industry professionals, to the Miami, Hamptons, and Dubai real estate markets. We feel that it is time for us to remove our own names from the team for a multitude of reasons, including stronger branding and more autonomy for our 14+ team members. We appreciate your valuable input and want to express our gratitude for taking the time to complete our 10-question survey. Warmly,
Martin and Kelly |
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Our Properties |
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