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Market by Martin |
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New and Noteworthy |
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Rising Interest Rates Lower Real Estate Bubble Risks Worldwide One benefit of global central banks' aggressive interest-rate hikes over the past 18 months? Fewer housing-market bubbles, according to UBS. The Swiss bank released its annual Global Real Estate Bubble Index last week and found that home prices are only severely overvalued in just two of the world's top 25 financial centers, Zurich and Tokyo. (Read More) |
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Wall Street Rises As Pressures Pounding It From The Bond And Oil Markets Ease Wall Street ticked higher Thursday to trim its sharp loss for September after pressure squeezing it from the oil and bond markets relaxed a bit. The S&P 500 rose 25.19, or 0.6%, to 4,299.70. The Dow Jones Industrial Average added 116.07 points, or 0.3%, to 33,666.34, and the Nasdaq composite gained 108.43, or 0.8%, to 13,201.28. (Full Story) |
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NYC Council Plans To Fight Loud Streets With 'Noise Cameras' Over a third of all 311 calls in the first quarter of this year were noise-related. A new law seeks to reduce this by 70%+. Similar to a speed camera, when a noise camera detects a loud car, it takes a photo of the license plate, and then the city mails the owner a ticket. In NYC, noise code penalties range from $220 for the first offense to $2,625 for repeat offenders. (Full Story) |
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Team News |
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Ice Cream Social 🍦 |
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Our very own Alex Mahgoub is hosting an Ice Cream Social in Ditmas Park tomorrow! Get the scoop on NYC real estate. Both scoops are on us! Ditmas Park Ice Cream Social October 1st from 12pm - 2pm Sweat Lea: 1035 Cortelyou Rd First 100 RSVPs are free |
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