Bumpy Roads Ahead, Brooklyn Market Rebounds, Fed Says Tariffs Will Push Up Inflation, Unemployment

New and Noteworthy

Bumpy Roads Ahead

Rising and falling trade tensions buffeted the stock market again, and by the time it was over, the major U.S. indexes recorded big gains that nevertheless fell short of offsetting the previous week’s more sizable losses. The NASDAQ surged more than 7% for the week, the S&P 500 added almost 6%, and the Dow climbed about 5%

. (Full Story)

Brooklyn Market Rebounds

Brooklyn’s residential real estate market continues to evolve, demonstrating resil-ience despite broader market uncertain-ties. As buyers adjust to current mort-gage rates, they’ve begun reentering the market, resulting in 2,358 sales in Q1: a 13.4% YoY increase. Houses maintain their dominance, accounting for 50.9% of the market share, with a notable 16.7% increase in sales compared to last year. Brooklyn saw a 27.5% increase in homes signed YoY. (Full Report)

Fed Says Tariffs Will Push Up Inflation, Unemployment

The New York Federal Reserve said on Friday the Trump administration's current trade policies will accelerate inflation this year, while adding that it's critical for the U.S. central bank to prevent longer-run expectations of price pressures from becoming unmoored. They expect the tariffs to push inflation up to between 3.5% and 4% this year. (Read More)

Mortgage Rates Surge Over 7% as Tariffs Hit Bond Market

The average rate on the 30-year fixed mortgage surged 13 basis points Friday to 7.1% - the highest rate since mid-Feb.

Mortgage rates have been on a roller coaster ride all week, as bond yields spiked higher mid-week when new tariffs on dozens of countries went into effect. Yields dropped when Trump lowered the tariff rate on most countries hours later. Tariffs on Chinese imports, however, currently stand at 145%. (Full Story)

Team News

What a Week!

Last week, the Martin Eiden Team managed to pack in:

1) A team/Compass event: Connecting the Dots

2) A successful Launch Party at 219 E 49th

3) A team photoshoot where we looked goooood

Check out the highlights on our instagram page!

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55 West 71st Street Upper West Side 6 Bed \| 7 Bath	219 East 49th Street Midtown East 6 Bed \| 7 Bath
515 East 72nd Street, Unit 36B Lenox Hill 3 Bed \| 3 Bath	25 East 86th Street, Unit 1D Upper East Side 4 Bed \| 2 Bath

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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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Bumpy Roads Ahead, Brooklyn Market Rebounds, Fed Says Tariffs Will Push Up Inflation, Unemployment, Mortgage Rates Surge Over 7% as Tariffs Hit Bond Market

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