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Is the Housing Market About to Crash? Here's What the Experts Are Saying, Dow Rises, Tries for 5-Day Winning Streak in Last Day of August, Outdoor Dining Is Officially Here ...

Martin Eiden | September 3, 2023

Your weekly market update has arrived. Brought to you by the Martin Eiden Team at Compass.  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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New and Noteworthy
Is the Housing Market About to Crash? Here's What the Experts Are Saying
After a record-breaking run that saw mortgage rates plunge to all-time lows and home prices soar to new highs, the U.S. housing market finally started slowing in late 2022. Mortgage companies engaged in mass layoffs, real estate economists lamented a “housing recession” and home prices seemed poised for a correction. 

(Read More)
Dow Rises, Tries for 5-Day Winning Streak in Last Day of August
The Dow Jones Industrial Average + rose Thursday, the last day of the month, as Wall Street tried to stretch a late-August winning streak to five sessions. The Dow climbed 77 points, or 0.2%. The S&P 500 + gained 0.2% while the Nasdaq Composite [+] added 0.4%.. The Dow got a boost from Salesforce. Shares advanced more than 5%. (Full Story)
 
Outdoor Dining Is Officially Here To Stay

Last Wednesday, Mayor Eric Adams signed Intro 31 into law, permanently cementing the popular pandemic-era program that once allowed dining sheds year-round and let restaurants use street space without a fee. But with the program now law, there will be a few crucial changes like imposing additional fees for using this extra space. (Full Story)

Team News

Today, we celebrate the hard work, dedication, and contributions of every worker out there. Whether you're in the office, on the frontlines, or pursuing your dreams, your efforts make our world a better place.

Take a well-deserved break, enjoy the company of loved ones, and savor the fruits of your labor. Let's honor the past, cherish the present, and look forward to a future filled with even greater achievements.

 
 

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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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