An Economy At War
GDP setbacks, elevated volatility, oil price roller coasters, downward pressure in the stock market, falling bonds, rising yields, and rising inflation are all now very real and very active parts of our economy. With no real victories to speak of and tensions only escalating, we are on track for things to get worse before they get better.
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Stock Market
The major U.S. stock indexes fell for the third consecutive week, with the S&P 500, the NASDAQ, and the Dow dropping around 1% to 2%. triggered by oil prices surging past $115/barrel on U.S.-Israel-Iran war escalation fears disrupting Middle East supply. Energy sector bucked the trend (+2.5%), but consumer staples (-1.2%) and REITs (-1.5%) led broad declines; VIX spiked 20% to 28 amid recession signals from soft jobs data and tariff hikes. (Read More)
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US Inflation at 2.4% in Early March 2026
The U.S. Federal Reserve’s preferred gauge for measuring inflation remained well above the Fed’s long-term inflation target of 2%. February's trends eases Fed rate-cut pressure, though Iran conflict risks higher gas ($4.80/gal projected) and CPI nearing 3%; economists eye PCE for April policy clues. ( Read More)
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Mortgage Rates and Fed talks
The average rate on the 30-year fixed loan hit 6.41% yesterday. Just two weeks ago, rates had dropped to match a multiyear low, briefly touching 5.99%. Friday’s trading in rate futures markets implied a 99% probability that the Fed would keep rates unchanged when it concludes its two-day meeting on Wednesday, March 18th. (Read More)
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Mayor Mamdani's Historic $2.1M Court Judgment Against Bronx Landlord
Mayor Mamdani announced a first-of-its-kind ruling brought against the owners of 919 Prospect Avenue in the South Bronx. The ruling will require the landlord to address the most severe of the building’s noncompliant conditions within 1 mo. and pay $1,000 for each day that a public nuisance has persisted — including a full retroactive penalty of $2,174,000. Part of a larger city-wide campaign to thwart "Rental Ripoff." (Read More)
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53 W 53rd is an iconic skyscraper located in the heart of Midtown Manhattan, New York City. Designed by the renowned architect Jean Nouvel, this striking building stands out with its unique tapering silhouette and innovative architectural design. Rising above the Museum of Modern Art (MoMA), 53 West 53 offers residents unparalleled access to world-class art and culture.
2 Bed / 2.5 Bath / 3,345 SqFt
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1 Bed | 1 Bath
Open: 3/14 12:00PM - 01:30PM
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172 Madison Avenue, Unit 24B
2 Bed | 2.5 Bath
Open: 3/15 11:00AM -12:30PM
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610 West 110th Street, Unit 8AB
4 Bed | 4.5 Bath
Open: 3/15 11:30AM - 01:00PM
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135 West 4th Street, Unit 2W
2 Bed | 2 Bath
Open: 3/15 12:00PM - 01:30PM
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45 Sutton Place South, Unit 12L
2 Bed | 2 Bath
Open: 3/15 12:30PM - 02:00PM
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3 Bed | 2 Bath
Open: 3/15 02:00PM - 03:30PM
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26 South Oxford Street, Unit 1A
2 Bed | 2 Bath
Open: 3/15 02:30PM - 04:00PM
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532 West 111th Street, Unit 26
3 Bed | 1.5 Bath
Open: 3/15 02:30PM - 04:00PM
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323 West 11th Street, Unit 2WE
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55 West 95th Street, Unit PHE
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529 West 42nd Street, Unit 7B
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530 Grand Street, Unit E8C
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43-33 42nd Street, Unit 6B
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414 Elmwood Avenue, Unit 6H
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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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