Housing Market Predictions: The Forecast for the Next 5 Years, Markets End Sharply Higher On Soft Inflation Data, Eyes On Earnings, fears of potential Iranian attack on Israel, Why Broadway Tickets Are So Expensive Right Now. Hint: It’s Not Just Inflation.Followed by

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Housing Market Predictions: The Forecast for the Next 5 Years

It’s been a wild real estate ride over the last few years. After a red-hot market characterized by very low-interest rates and frenzied bidding wars, mortgage rates increased to their highest level in more than 20 years. The average rate for a 30-year mortgage more than doubled between August 2021, when it was just 3 percent, and October 2023.

(Full Story)

Markets End Sharply Higher On Soft Inflation Data, Eyes On Earnings, fears of potential Iranian attack on Israel

US stocks ended the day sharply lower Friday as Wall Street worried about escalating tension in the Middle East and traders rushed to safe havens like bonds and gold.

The Dow fell 475 points, after dropping more than 500 points at the day’s lows. The S&P 500 declined 1.5% and the Nasdaq lost 1.6%.

(Full Story)

Why Broadway Tickets Are So Expensive Right Now. Hint: It’s Not Just Inflation.

It’s a perennial question for New Yorkers and tourists alike: Why does Broadway feel so expensive?

If Broadway feels more expensive than ever before, that’s because it is. Despite crowds that haven’t rebounded to pre-COVID levels, the average ticket price for a Broadway show reached an all-time high: $128 in the most recent full season.

(Full Story)

Team News

Eclipsing

We hope you were able to catch a glance at the eclipse last week. The team had a viewing party in between showings and meetings which was honestly a great experience. Afterwards, we had a family outing to see The First Omen, go upstate, and enjoy some R&R. A friend of ours Sherri Cobb exhibited some amazing art at the Illuminated Women exhibition at landmark art space, 547 W 27th.

Follow along for more happenings!

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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: The Forecast for the Next 5 Years, Markets End Sharply Higher On Soft Inflation Data, Eyes On Earnings, fears of potential Iranian attack on Isra...

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