How Long Does It Take To Save Up For A Down Payment?, Wall St Slips As Labor Market Data Fuels Fed Worry, NYC Restaurant Week (1/17 - 2/12) followed by

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How Long Does It Take To Save Up For A Down Payment?

The biggest barrier to homeownership for many prospective buyers isn’t the monthly mortgage bill, but the steep down payment. The 20 percent required to qualify for a typical mortgage for a median-price home in NYC is $755,000 (Manhattan is $1.1M) which comes out to $151,000 down (or $220K in Manhattan) plus closing costs, etc. (Full Story)

Wall St Slips As Labor Market Data Fuels Fed Worry

U.S. stock indexes closed lower on Thursday after data pointing to a tight labor market renewed concerns the Federal Reserve will continue its aggressive path of rate hikes that could lead the economy into a recession. A report from the Labor Department showed weekly jobless claims were lower than expected. (Full Story)

NYC Restaurant Week (1/17 - 2/12)

What's better than a great meal? A great meal at a discount. NYC Restaurant Week 2023 began yesterday, Jan. 17 and runs through Feb. 12. Two course lunch and three course prix fixe meals are available for $30/$45/$60, depending on the venue.

With hundreds restaurants participating across all five boroughs, it's a great opportunity to treat yourself.

(Full Story)

Team News

The Martin Eiden Team's State of the Market Event

Considering your next move? Don't know if the timing is right? What IS the state of the market right now? We set the record straight on all these questions and more. Click the link below to get the full scoop.

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575 Park Avenue, Unit 1407 Upper East Side 4 Bed \| 3 Bath	825 Riverside Drive Washington Heights 9 Bed \| 3.5 Bath
838 Quincy Street, Unit GARDEN Bedford-Stuyvesant 3 Bed \| 2.5 Bath	16 West 16th Street, Unit 3FS Flatiron Studio \| 1 Bath

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We are partnering with Block: a home renovation platform that helps you design, plan, and build all in one place. If you are planning a home reno, use Block to get an on-site estimate of costs before you even start. Plus use offer code APKSTEPTXU to get $500 off your materials purchase. Click here for more info.

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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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How Long Does It Take To Save Up For A Down Payment?, Wall St Slips As Labor Market Data Fuels Fed Worry, NYC Restaurant Week (1/17 - 2/12)

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