Looking Forward, Wall Street Logged Best Week In One Year After Election; S&P 500, Dow In Green After US Fed Rate Cut, Why mortgage rates and an election couldn’t slow down new development

New and Noteworthy

Looking Forward

In light of recent changes in the political landscape, interest rates going down, and the stock market moving up, this could be the best time to enter into the real estate market.

Fall is already one of the best times of the year to buy or sell as there is traditionally less competition and tax advantages. If you are looking to get into the market, give us a call.

Wall Street Logged Best Week In One Year After Election; S&P 500, Dow In Green After US Fed Rate Cut

US stocks closed their best week in a year after the election results came in and the US Federal Reserve cut interest rates again by 24 basis points (bps) in its latest monetary policy decision. Bitcoin The Dow, and the S&P 500 hit record highs.

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Why mortgage rates and an election couldn’t slow down new development

October had 293 contract signings, the most this year. The new-development market hit a high for the year in October. Luxury home contract signings have surged this season, and both Manhattan and Brooklyn showed significant year-over-year growth.

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Team News

John Digweed

Last night, the Martin Eiden Team had some fun vibing, dancing, and enjoying my favorite DJ: John Digweed at The Chocolate Factory in Brooklyn. This is an artist that has been in our lives for a very long time - one we listen to on a daily basis and someone that we will continue to listen to for years to come. It was very special to have the team together to enjoy some Digweed. Our ears are thoroughly fried, however - next time we will bring the earbuds!

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71-36 110th Street, Unit PH7E Forest Hills 1 Bed \| 1 Bath OH: 11/10 1:00 Pm To 02:30 PM	465 West 23rd Street, Unit 15B Chelsea 1 Bed \| 1 Bath OH: 11/10 1:30 Pm To 03:00 PM
50 Riverside Boulevard, Unit 19F Upper West Side 2 Bed \| 2.5 Bath	280 Park Avenue South, Unit 26M Flatiron 1 Bed \| 1 Bath

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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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Looking Forward, Wall Street Logged Best Week In One Year After Election; S&P 500, Dow In Green After US Fed Rate Cut, Why mortgage rates and an election couldn’t slow down ...

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