Disinflation, Wall St Edges Higher, Rally In Banks Offsets Jitters About Hawkish Fed, Advantage - Buyers or Sellers? followed by

View in browser

Market by Martin

Brought to you by

The Martin Eiden Team

at Compass

New and Noteworthy

Disinflation

The personal consumption expenditures (PCE) price index rose 3.8% in May on a 12-mo basis, the slowest increase since Apr '21. If you don't believe disinflation is happening, you aren't paying attention. The Fed was right to pause and needs to hold firm at these levels to prevent over-correcting and causing an unnecessary recession to fight a beast that is now under control. (Read More)

Wall St Edges Higher, Rally In Banks Offsets Jitters About Hawkish Fed

U.S. stock indexes ticked up last week as bank shares rose after major lenders cleared the Federal Reserve's annual stress test, while strong economic data stoked expectations of further interest rate hikes from the central bank.

Shares of Wells Fargo (WFC.N) were up more than 4%. (Read More)

Advantage - Buyers or Sellers?

Which side of the deal does this market favor right now? What if neither side has the advantage? That’s the scenario right now in Manhattan. We are seeing that new listings are "muted", resale contracts are behaving seasonally, prices are stable for resale co-ops, condo prices are up and down, and big discounts are still being offered. (Full Story)

Team News

Happy 4th of July!

Happy Fourth of July to you and your loved ones!

We have been lucky enough to spend the last week with our family visiting from out of town and plan to be outside on Fourth of July, cooking, laughing, and making memories with our nearest and dearest.

With every burger flip or weeny roast, let this day inspire us to embrace unity, diversity, and the pursuit of our dreams.

Happy 4th of July, everyone!

🎇 🇺🇸 🎆

Our Properties

258 Broadway, Unit 6B TriBeCa 3 Bed \| 2 Bath	70 Washington Street, Unit 12A DUMBO 1 Bed \| 1.5 Bath
70 La Salle Street, Unit 12D Morningside Heights 2 Bed \| 1 Bath	114 West 17th Street, Unit 5F Chelsea 3 Bed \| 2.5 Bath

See All Properties

Martin Eiden Team

M: 917.701.8898
[email protected]

YouTube Channel

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.

Leave a Message

Thank you for your message. We will be in touch with you shortly.

Disinflation, Wall St Edges Higher, Rally In Banks Offsets Jitters About Hawkish Fed, Advantage - Buyers or Sellers?

Featured Blogs

International Buyers Are Pulling Back From The U.S. Housing Market, Wall St Ends Volatile Session Lower In A…

Brooklyn Real Estate Listings 6 Mo. Later, Dow Rises More Than 200 Points, Touches New Record Above 40,000, …

Manhattan Is Now A ‘Buyer’s Market’ As Real Estate Prices Fall & Inventory Rises, S&P 500 Hovers At Record L…

Why Staying Put Could Spell Disaster, Strong Showing From Stock Market in First Half of 2024, NYC Plans Publ…

Home Sales Drop Across New York as Mortgage Rates Remain Above 7%, Stock Market Continues it's Growth, Infl…

Why The Stock Market Has Risen Even With No Fed Rate Cuts, Inflation Falls To 3.3% In May In Boost To Market…

Work With Us

Leave a Message

Thank you for your message. We will be in touch with you shortly.

Disinflation, Wall St Edges Higher, Rally In Banks Offsets Jitters About Hawkish Fed, Advantage - Buyers or Sellers?

SIGN UP FOR MARKET BY MARTIN NEWSLETTER

Thank You

Featured Blogs

International Buyers Are Pulling Back From The U.S. Housing Market, Wall St Ends Volatile Session Lower In A…

Brooklyn Real Estate Listings 6 Mo. Later, Dow Rises More Than 200 Points, Touches New Record Above 40,000, …

Manhattan Is Now A ‘Buyer’s Market’ As Real Estate Prices Fall & Inventory Rises, S&P 500 Hovers At Record L…

Why Staying Put Could Spell Disaster, Strong Showing From Stock Market in First Half of 2024, NYC Plans Publ…

Home Sales Drop Across New York as Mortgage Rates Remain Above 7%, Stock Market Continues it's Growth, Infl…

Why The Stock Market Has Risen Even With No Fed Rate Cuts, Inflation Falls To 3.3% In May In Boost To Market…

Work With Us

Get in Touch

Let's Get Started

Contact Details

MARTIN EIDEN TEAM