Manhattan Rents Rise for Third Straight Month With More Increases Expected
The borough's median rent for December was $4,334, up both month over month and year over year. Renters signed about 4,300 new leases, down from November but up almost 20% from December 2023, while listing inventory rose sharply to 9,741 apartments. The typical discount from an apartment's original listing price was a minuscule 0.4%, and the borough's vac-ancy rate was about 2.9%. (Read More)
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Stocks Rally to Close out Strong Week, Await Incoming President's Policies
Wall Street's main indexes rose on Friday, with the S&P 500 and the Dow on track to log their biggest weekly gains since November, as investors anticipate a wave of policy changes under the incoming administration. 10 of the 11 S&P 500 sectors rose with consumer discretionary, leading gains by a 1.9% rise. (Read More)
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Inflation Sped Up In December, A Fresh Challenge For The Fed
Consumer prices rose more quickly in December, the latest sign that the Federal Reserve’s fight against inflation may have stalled.
The Consumer Price Index rose 0.4 percent from November, and was up 2.9 percent from a year earlier, the Labor Department said on Wednesday. It was the fastest one-month increase in overall prices since Februarys.
(Read More)
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Everyone’s Spiritual Gangster…Shawn Wilson. The world is a such a better place with Shawn in it! How lucky we are to watch this wonderful person with infectious energy take another lap around the sun! Somehow his laps make him younger while we all get older! Shawn, your dedication to your family, your work and your community is unmatched. You succeed at everything you set your mind to because your positivity flows through every aspect of your life. We love you and wish you even more amazing success in your next lap! Cheers to you!
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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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