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Housing Market Predictions 2023, Big Tech Stocks Drag Wall Street Down, Inflation Has Been Easing Fast, But Wild Cards Lie Ahead

Martin Eiden | September 9, 2023

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New and Noteworthy

Housing Market Predictions 2023

Home prices overall remained resilient between April and June, even as mortgage rates crept higher, according to the latest S&P CoreLogic Case-Shiller Home Price Index. H

omes that are priced right are the ones that get the competition while others linger on the market. Foreclosures continue to trend down month over month.

(Read More)

Big Tech Stocks Drag Wall Street Down

Wall Street slipped last week on worries that a too-warm economy will push the Federal Reserve to keep interest rates higher for longer.

Big Tech stocks were particularly weak, and the NASDAQ composite was 1.1% lower. Oil prices declined, while U.S. futures edged higher. Stocks felt pressure from the bond market.

(Full Story)

Inflation Has Been Easing Fast, But Wild Cards Lie Ahead

President Biden has openly celebrated recent inflation reports, and Federal Reserve officials have also breathed a sigh of relief as rapid price gains show signs of losing steam. But the pressing question now is whether that pace of progress toward slower price increases one that was long awaited and very welcome can persist. (Full Story)

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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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Housing Market Predictions 2023, Big Tech Stocks Drag Wall Street Down, Inflation Has Been Easing Fast, But Wild Cards Lie Ahead

Featured Blogs

Cobble Hill: A Brooklyn Gem with Historic Charm and Modern Appeal

Mortgage Rates Move Lower, But Is It Enough To Help The Housing Market?, Bouncing Back, Andrew Cuomo Sends R…

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US Existing Home Sales Fall More Than Expected in March, Dollar’s Decline, Global Growth Expected To Sputter…

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Housing Market Predictions 2023, Big Tech Stocks Drag Wall Street Down, Inflation Has Been Easing Fast, But Wild Cards Lie Ahead

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Featured Blogs

Cobble Hill: A Brooklyn Gem with Historic Charm and Modern Appeal

Mortgage Rates Move Lower, But Is It Enough To Help The Housing Market?, Bouncing Back, Andrew Cuomo Sends R…

Fort Greene Unfiltered: Where Brooklyn’s Past and Present Collide

US Existing Home Sales Fall More Than Expected in March, Dollar’s Decline, Global Growth Expected To Sputter…

Flatiron District Uncovered: NYC’s Most Iconic Neighborhood of Innovation and Elegance

Uncertainty Wreaking Havoc, The Fed Speaks, Easter NYC 2025

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