Home Sales Ticked Up Nationwide, Midweek Reversal and Consumer Gloom, Tariffs, Inflation, and the Future

New and Noteworthy

Home Sales Ticked Up Nationwide

A measure of prices across 20 cities rose 4.2% YoY. New York had the highest annual gain, at 7.7%. Economists surveyed by The Wall Street Journal had estimated a monthly decrease of 3.2%. Some buyers and sellers who have been waiting for prices to drop are biting the bullet. The 6-7% interest rate shock is gone and becoming the accepted norm. (Full Story)

Midweek Reversal and Consumer Gloom

After posting gains on Monday and Tuesday, the major U.S. stock indexes turned negative the next three days to finish with overall weekly declines ranging from around 1% to nearly 3%. For the S&P 500, it was the fifth negative result in six weeks.

U.S. consumer sentiment recorded the lowest reading since November 2022. (Full Story)

Tariffs, Inflation, and the Future

Economists say Trump's protectionist trade agenda, marked by a rush of tariff action announcements since taking office will boost prices of imported goods and drive inflation higher in the coming months. Jerome Powell acknowledged last week that inflation had started to rise "partly in response to tariffs," adding that "there may be a delay in further progress over the course of this year." (Full Story)

Team News

A Historical Appreciation and Restoration Reception

Next month, The Martin Eiden Team is hosting an event at our incredible new listing on 49th Street. This event will feature two guest speakers who will be taking us through the historical significance and restoration efforts of this Bauhaus-moderne masterpiece:

Frampton Tolbert

Executive Director,

Historic Districts Council &

VP for Advocacy at

Docomomo NY/Tri-State

and

James Ramsay

Owner of

RAAD Studio

The Morris Sanders House

April 8th

6:30pm - 8:30pm

There will be wine, cheese, and plenty of engaging conversation. If you are interested in attending, click the button below and mention The Morris Sanders House in your response.

RSVP

Our Properties

219 East 49th Street Midtown East 6 Bed \| 7 Bath	515 East 72nd Street, Unit 36B Lenox Hill 3 Bed \| 3 Bath
25 East 86th Street, Unit 1D Upper East Side 4 Bed \| 2 Bath	25 East 86th Street, Unit 1C Upper East Side 4 Bed \| 2 Bath

See All Properties

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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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Home Sales Ticked Up Nationwide, Midweek Reversal and Consumer Gloom, Tariffs, Inflation, and the Future

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