A Good Time To Make A Deal: New York Real Estate In Q1 2023, Q1 Brooklyn Market Report, NYC Is Getting Rid Of Surprise Add-on Fees To Event Tickets followed by

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A Good Time To Make A Deal: New York Real Estate In Q1 2023

New York City’s real estate market reacted strongly to the economic uncertainty of 2023’s first quarter. Many buyers throughout our market put their plans on hold in the wake of the 50 basis point increase in the Fed rate during the month of December.

which followed several 75 basis point increases.

(Full Story)

Q1 Brooklyn Market Report

The Brooklyn residential real

estate is weathering a real estate

cycle impacted by low inventory

and a rapid surge in interest rates.

Total transactions declined 41.3

% YoY and 18.0

% compared to the previous

quarter. However, contracts signed

increased by 6.3% QoQ

, indicating some s

tabilization in the market. (See Full Report Here)

NYC Is Getting Rid Of Surprise Add-on Fees To Event Tickets

Soon, New Yorkers may not have to worry about surprise fees being added to the cost of tickets to concerts or games. On Tuesday, local lawmakers overwhelmingly approved a veto-proof measure that forces retailers to show the price of a full ticket, with all costly fees included up front. (Full Story)

Team News

Market Update: 4/15

Remember the Silicon Valley Bank and Signature Bank brouhaha? It seems like old news now because the impact on the market was minimal, fortunately.

The big news now is that the market is desperate for inventory - and with prices on the rise, it is a great time to sell. With interest rates cooling, it is also a good time to buy a home - if you can find it!

Watch

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401 West 147th Street Hamilton Heights 7 Bed \| 5.5 Bath	357 West 29th Street, Unit 1B Chelsea 3 Bed \| 3 Bath
71 East 77th Street, Unit 9C Upper East Side 2 Bed \| 2 Bath	529 West 42nd Street, Unit 7J Hell's Kitchen 2 Bed \| 2 Bath

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Martin Eiden Team

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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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A Good Time To Make A Deal: New York Real Estate In Q1 2023, Q1 Brooklyn Market Report, NYC Is Getting Rid Of Surprise Add-on Fees To Event Tickets

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