Home Sales Slump
Elevated mortgage rates continue to weigh on the U.S. residential real estate market, as sales of existing homes fell 2% in August relative to the previous month, however, August is a notoriously slow month on average. On a year-to-year basis, sales were down 1.2%, though housing supply has recently increased, with August marking the first month since 2019 that inventory exceeded 1.6 million homes. (More) | |
| Fearless US Stock Market Vulnerable to Shocks as Midterms Loom With two months until the midterm elect-ions, the options market is showing a potentially toxic mix of fragility and fear-lessness, with some analysts worried mar-kets are ill-prepared to absorb any shock. Despite recent bond market volatility, stocks remain near record highs, volatility measures are near 2026 lows, and equity market correlations are flirting with record lows, meaning stocks are moving more independently than usual.
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Stocks Jump After Oil Prices Ease and Inflation Comes in Near Expectations U.S. stocks are rebounded Friday and clawed back much of their losses for the week after oil prices eased off their recent spurt. An update on inflation across the US that came in close to economists’ expectations also helped calm the market. The S&P 500 jumped 1.1% and was on track to break a four-day losing streak, its longest since June. The Dow was up 631 points, or 1.2%.
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| The yield of the 10-year U.S. Treasury climbed on Friday to close at 4.97%, the highest since October 2023, when the 10-year briefly eclipsed the 5.00% threshold for the first time since 2007. Moreover, the 2-year Treasury yield rose on Friday to 4.63%, the highest in more than two years, while the 30-year was at 5.35%, a nearly two-decade high. (More) |
The Labor Department yesterday reported that the consumer price index rose 0.4% in August, and 3.4% over 2025. While energy prices drove most of the monthly surge, the silver lining is that the core index, excluding volatile food and energy, rose 2.4% year-over-year, the lowest 12-month reading since March 2021 and the same as in February 2020 before the pandemic. (More) | |
This week, Martin Eiden + Partners is heading upstate for our annual three-day team retreat, a chance to step away from the everyday pace of New York City real estate and spend some intentional time together.
We’ll be balancing work with plenty of play, from hikes, yoga, tennis, team bonding, and great dinners to focused sessions preparing for the fall market. We’ll dig into ways to optimize our workflows, strengthen our marketing, refine our strategies, and make the client experience even better. These few days give us something that can be hard to find during a busy season: time to reconnect, think bigger, and get aligned on what’s ahead. We’re looking forward to returning refreshed, energized, and ready for a strong fall. Follow along to see what we get up to: |
Take a peak at our latest project: Stacklist.
It is an easy way to navigate all of the services we offer, guides to NYC's most iconic neighborhoods, advice and guides for buying/selling in NYC, the best restaurants, bars, etc, and so much more! |
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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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