Your weekly market update has arrived. Brought to you by the Martin Eiden Team at Compass. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Debt Ceiling Deal
Today Biden signed into law a bill extending the debt ceiling for two years, averting an economically disastrous debt default ahead of Monday’s deadline.
The Senate passed the bipartisan budget deal in a 63-36 vote Thursday. The House passed the legislation a day earlier by a vote of 314 to 117, with 149 Republicans joining 165 Democrats in favor of the agreement.
(Read More)
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Happy Pride Month!
New York City’s official Pride theme this year is Strength in Solidarity, an apt reminder that Pride was born as a protest movement against bigotry wherever it manifests. Not that there isn’t room to party, too. The actor and singer Billy Porter and the activist Randy Wicker are among the grand marshals of this year’s Pride March. (Read More)
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The Manhattan Real Estate Market Is Returning To Historical Seasonal Activity
There are more homes on the market, more contracts are being signed, and it's taking less time for it to happen. Supply is up 3.6% from last month and 27.1% year to date (YTD). Pending sales have increased 40.8% YTD and 12.9% from last month. The average number of days a home stays on the market is 89 days, down 12.7% from last month, and up 43.5% from last year. (Full Story)
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Yesterday, I co-lead in the reading of a new avant-garde comedy play: “Gay Men with Wives” at the Amateur Comedy Club in Murray Hill. Thank you to everyone who attended - the team, my friends, family - everyone! It was a wonderful experience and I can’t wait for the next show. :)
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71 East 77th Street, Unit 9C
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114 West 17th Street, Unit 5F
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505 Court Street, Unit 2F
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© Compass 2023 ¦ 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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