Election Results, Wall Street Ends Sharply Higher On The Sign Of Cooling Inflation, How To Sell Your Home During A Real Estate Slowdown followed by

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New and Noteworthy

Election Results

It was an electric week in NYC and across the country as the Midterm Election results rolled in. Chuck Schumer, Kathy Hochul, and Letita James maintained their seats, Measures on climate change and racial equity were unanimously passed, and there were many 'firsts' throughout the country. Find more election results here.

Wall Street Ends Sharply Higher On The Sign Of Cooling Inflation

The inflation data prompted traders to adjust rate hike bets, with odds of a 50-basis point rate hike in December, rather than a 75-basis point hike, jumping to about 85% from 52% before the data was released, according to the CME FedWatch tools Francisco Fed President Mary Daly and Dallas Fed President Lorie Logan welcomed the most recent inflation data.

(Full Story)

How To Sell Your Home During A Real Estate Slowdown

Selling a home is no longer the easy feat it was last year or even six months ago.

Between the news that we already seem to be slipping into an unofficial recession and a serious home market slowdown, many sellers feel like they’re facing a Sisyphean task. The Federal Reserve’s latest interest rate hike of 0.75% is expected to push up mortgage rates that had already reached a 20-year high

. (Full Story)

Team News

NYC Seller Update

Sellers...Listen up!

Selling a home in this market might sound intimidating, and the truth of the matter is that prices are down from the peak in January...but were those prices inflated to begin with? Is chasing the dream of the past a solution for the present/future?

In this week's Seller Market Update from the Martin Eiden Team, Martin answers these questions, provides real insights into this market, and shows us how to sellers can position themselves in this current market we find ourselves in.

TLDR: Sell in the next 6 months or be prepared to wait 3-5 years. Keep in mind prices are still up from 2019.

Watch the full update here.

See Video

Our Properties

838 Quincy Street, Unit GARDEN Bedford-Stuyvesant 3 Bed \| 2.5 Bath	1 Main Street, Unit 8K DUMBO 2 Bed \| 2 Bath
853 Bushwick Avenue Bushwick 6 Bed \| 3 Bath	357 West 29th Street, Unit B1 Chelsea 3 Bed \| 2 Bath

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We are partnering with Block: a home renovation platform that helps you design, plan, and build all in one place. If you are planning a home reno, use Block to get an on-site estimate of costs before you even start. Plus use offer code APKSTEPTXU to get $500 off your materials purchase. Click here for more info.

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. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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Election Results, Wall Street Ends Sharply Higher On The Sign Of Cooling Inflation, How To Sell Your Home During A Real Estate Slowdown

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