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More Renters Are Moving Out of Town But Where Are They Going?, Stocks Slip As Investors Look Ahead To Friday Jobs Report, 5 Tips for New Yorkers to Succeed in a Shifting Rea...

Martin Eiden | August 9, 2022

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Market by Marty

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New and Noteworthy

More Renters Are Moving Out of Town But Where Are They Going?

During the housing crisis of 2008, rising home prices were tempered by low-interest rates. Today's higher rates can easily add $100,000 to the cost of a typical loan. Homes are now sitting on the market for longer periods of time as buyers are priced out of the market.

(Full Story)

Stocks Slip As Investors Look Ahead To Friday Jobs Report

U.S. stocks slipped Thursday as investors wait for new economic data on the labor market that will give further information about a potential U.S. recession.

The Dow Jones Industrial Average shed 39 points or 0.12%. The S&P 500 lost 0.43% and Nasdaq Composite dipped .48% as markets reacted to a slight uptick in weekly jobless claims, reported Thursday morning. (Full Story)

5 Tips for New Yorkers to Succeed in a Shifting Real Estate Market

There has been a notable shift in real estate markets as mortgage rates have begun to rise this year, and apartment hunters in New York are beginning to feel it.

Buying an apartment in New York City is an adventure in any market condition. But as rent prices soar beyond pre-pandemic levels and mortgage rates rise, buyers face a unique dilemma: play it safe or take the plunge.

(Full Story )

Team News

Buyer Market Update

Buyers - listen up! This actually a great time to buy real estate and I’m here to tell you why. Less competition and lowered interest rates mean you get the home you want at a good price without overwhelming demand shooting the price up. Call me if you want to get in on the action before the market changes (again!)

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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.

Martin Eiden Team

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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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More Renters Are Moving Out of Town But Where Are They Going?, Stocks Slip As Investors Look Ahead To Friday Jobs Report, 5 Tips for New Yorkers to Succeed in a Shifting Rea...

Featured Blogs

US Economy Contracted Sharply To Start 2025 - Worse Than Previously Thought, Record Territory, Inflation Exp…

FARE Act, Late-Week Retreat, Where’s The Inflation From Tariffs? Just Wait, Economists Say.

DUMBO, Brooklyn: A Neighborhood That Blends Art, Tech, and Iconic Views

One Full Point, Slow and Steady, See The New $16.7M Pedestrian Oasis Next To Grand Central Terminal

Market Volatility Driving You Nuts?, Nasdaq Finish May With Biggest Monthly Gains Since November 2023 , Manh…

Boerum Hill, Brooklyn: A Historic Haven for Modern Living

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More Renters Are Moving Out of Town But Where Are They Going?, Stocks Slip As Investors Look Ahead To Friday Jobs Report, 5 Tips for New Yorkers to Succeed in a Shifting Rea...

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Featured Blogs

US Economy Contracted Sharply To Start 2025 - Worse Than Previously Thought, Record Territory, Inflation Exp…

FARE Act, Late-Week Retreat, Where’s The Inflation From Tariffs? Just Wait, Economists Say.

DUMBO, Brooklyn: A Neighborhood That Blends Art, Tech, and Iconic Views

One Full Point, Slow and Steady, See The New $16.7M Pedestrian Oasis Next To Grand Central Terminal

Market Volatility Driving You Nuts?, Nasdaq Finish May With Biggest Monthly Gains Since November 2023 , Manh…

Boerum Hill, Brooklyn: A Historic Haven for Modern Living

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