Apartment Rents on the Rise, Risks to the Stock Market Rally, Vaccine Card Requirements in NYC

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Apartment Rents on the Rise

Apartment rents are rising fast, boosted by young professionals returning to cities and an expensive housing market that keeps many of them renting.

Stock prices of publicly traded apartment companies have jumped in stride. Median rent has risen more than 10% over the past year $1,244. That figure is also 9.4% above where rents stood in March 2020. (Read More)

Risks To The Stock Market Rally

With the stock market hovering near all-time highs, one would think investors are full of investing confidence. However, as has been the case since the financial crisis of 2008, the stock market’s recovery has been unloved. And in some ways the skepticism towards the strength of stocks keeps pushing stocks higher. Read the nine risks to this recent rally. (Full Story)

Vaccine Card Requirements in NYC

New York City will become the first U.S. city to require proof of at least one dose of a coronavirus vaccine for a variety of activities for workers and customers — indoor dining, gyms & performances — to put pressure on ppl to get vaccinated. The program will start on Aug. 16, and after a transition period, enforcement will begin on Sept. 13. (Full Story)

Team News

New in New York

EPISODE 1

We relaunched New in New York to celebrate its 1 year anniversary! This week is Episode 1: 100 E 53rd Street -

a gorgeous 61-story residential tower in the heart of

mid town east. Amenities include a full wellness center with a 60-foot-long lap pool, fitness rooms, yoga & ballet studios, steam & sauna rooms, a library and multimedia room. Check out our tour!

Watch

Featured Listings

236 Lewis Avenue Bedford-Stuyvesant 4 Bed \| 3.5 Bath	431 West 54th Street, Unit 4D Hell's Kitchen Alcove \| 1 Bath
47-55 39th Place, Unit 2E Sunnyside 1 Bed \| 1 Bath	27 West 72nd Street, Unit 1510 Upper West Side 1 Bed \| 1.5 Bath

See All Properties

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.

Apartment Rents on the Rise, Risks to the Stock Market Rally, Vaccine Card Requirements in NYC

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