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A New York Rent Freeze is Imminent
A proposed five-year rent freeze on New York City’s rent-stabilized apartments would trigger defaults in only a small share of multifamily loans, according to a new Moody’s Ratings analysis released in early June 2026. Moody’s estimates that about 6% of the 481 CMBS single-property multifamily loans in NYC would see credit metrics deteriorate to default risk specifically because of the freeze. (More)
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Stock Market Streak Snapped
The S&P 500 reversed course after nine consecutive weeks of gains, as a Friday sell-off in many semiconductor-related stocks weighed on the broader market. The index finished the week down about 2.5% overall, while the NASDAQ dropped 4.7% & the Dow slipped 0.2%. Depending on who you talk to, it was a bloodbath last week.
(More)
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Jobs
Recent labor market strengthening extended into May, as jobs growth surpassed economists’ consensus expectations for the third month in a row. The economy added 172,000 jobs, and upward revisions of prior estimates produced an average monthly gain of 188,000 jobs over the past three months. That’s the strongest three-month average since March 2024.
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Bitcoin, Rates, Yields, Bonds
Bitcoin fell for the fourth week in a row down nearly 18% for the week to $60,000. 2-year Treasury’s yield closing at 4.16% on Friday, well above the previous week’s closing yield of 4.00%. A recent bond market sell-off regained momentum after a nearly two-week pause. Markets implied a roughly 72% probability that the Fed would lift its benchmark rate by anywhere from 0.25 - 0.75 by Dec. (More)
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May continued the remarkable strength of Manhattan's Super Luxury Market, with 34 contracts signed at $10M+, 4 more than last year and 8 above the 10-year average. The result marks one of the strongest May performances of the past decade and further reinforces the sustained demand we continue to see at the very top of the market.
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10 years ago we took a family vacation to Miami Beach and stayed at the one and only Delano.
(^definitely worth checking out their website^)
The stay was incredible. From the ultra luxurious suites to the pool side cabanas, every amenity was world class. Not to mention the white glove service at every turn. We were invited back to see what changes were made and were blown away that it could get any better. Highly recommend if you are staying in Miami Beach.
Not an ad, we just really loved our experience.
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175 East 2nd Street, Unit 4D
1 Bed | 1 Bath
Open:
6/7 11:30AM - 01:00PM
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7 Bed | 5 Bath
Open: 6/7 12:00PM - 01:30PM
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45 Sutton Place South, Unit 12L
2 Bed | 2 Bath
Open: 6/7 01:00PM - 02:30PM
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35 East 20th Street, Unit 6B
3 Bed | 2.5 Bath
Open: 6/7 02:00PM - 03:30PM
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610 West 110th Street, Unit 8AB
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188 East 70th Street, Unit 3A
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55 West 95th Street, Unit PHE
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529 West 42nd Street, Unit 7A
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50 Riverside Boulevard, Unit 3T
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245 West 104th Street, Unit 14C
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280 Park Avenue South, Unit 5L
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50-54 East 8th Street, Unit 3S
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43-33 42nd Street, Unit 6B
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40 East 80th Street, Unit 2C
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© Compass 2026 ¦ 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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