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Market by Marty
From all of us at
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Home Price Growth Sets 15-Year High
S&P said Tuesday that the national home price index posted a 12% annual gain in February, up from 11.2% in January. The rate is the highest year over year gain recorded by the index since February 2006. The 20-City Composite posted a 11.9% annual gain, up from 11.1% the previous month, beating consensus estimates of 11.9%. ( Full Story)
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New York City Will Reopen 100% By JulyYesterday, mayor de Blasio announced "We are ready for stores to open, for businesses to open, offices, theaters, full strength starting July 1, 2021." Governor Cuomo said he would like to see the city reopen before the date pitched by de Blasio. “I don’t want to wait that long. I think if we do what we have to do we can reopen earlier." ( Full Story)
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Slow Home Sales Due to Low Supply
In March, the number of homes sold dropped by 3.7% from the month before, the slowest pace of home sales since last August. The drop is likely driven by a lack of supply. Luckily, both existing and new homes should have inventory boosts on the way. An influx of new homes is expected on the market this year & with vaccines rolling out, owners are getting more comfortable selling. ( Full Story)
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Northern Westchester with Betsy Ronel
In our final installment or our 4-part miniseries: #NeighboringNYC Market Update, we leave you with: Northern Westchester! 🏡
Betsy Ronel of The Luxe Living Team at Compass takes us on a journey through her local market of Northern Westchester (Bedford, Pound Ridge, Mt. Kisco, Katonah). We looked at how Covid has impacted her market, what the future holds, and (as always) the last 10 minutes is pure Westchester property porn.
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47-55 39th Place, Unit 2E
1 Bed | 1 Bath
Open: 5/1 11:00am - 12:00pm
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708 Greenwich Street, Unit PH6D
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22 West 66th Street, Unit 17
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240 East 76th Street, Unit 6B
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© Compass 2021 ¦ 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.
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