On Thursday, the Trump administration unveiled sweeping new import tariffs, including 100% duties on patented drugs and 25% levies on heavy-duty trucks starting next week, triggering fresh trade uncertainty after a period of comparative calm. Additionally, they are applying 50% tariffs/import taxes on imported kitchen cabinets, bathroom vanities, and assoc-iated products and 30% duties on imp-orted upholstered furniture. (Read More)
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Stock Rally Stalls As Bond Yields Rise
A strong week on Wall Street ended on a quiet note, with stocks holding near all-time highs. After weeks of strong gains, the market paused as bond yields slightly increased. Consumer confidence dropped to its lowest since May, and long-term inflation expectations rose, adding caution for investors. Despite this, the market maintains optimism. (Read Full)
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Foreign Buyers Keep Making Moves In New York City
Despite a generally slow real estate market in 2025, international buyers have doubled their activity in New York City compared to last year, with significant interest from Asian buyers, especially Chinese investors. Luxury homes priced over $4 million remain strong, fueled by changing global economic conditions and currency strategies. (Full Story)
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Compass Acquires Anywhere
Last week, our brokerage Compass purchased the holding company Anywhere Real Estate Inc for $1.6 Billion. This merger will mean Corcoran, Century 21, Sothebys, Coldwell Banker, Better Homes, and Compass will be under one umbrella - while still maintaining indepen-dence in structure, branding, culture, organization, leadership, etc (Learn More)
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Key US Inflation Metric To Ease As Focus Shifts To Jobs Market
The Federal Reserve’s preferred gauge of underlying inflation, the personal consumption expenditures price index excluding food and energy, rose by 0.2% in August, down from 0.3% in July. On an annual basis, the core inflation measure held steady at a still-elevated 2.9%. This slower pace of inflation growth is providing the Fed some room to focus.
(Read Full)
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Between the kickoff meetings, market syncs, prospecting calls, and mindset merging, we've been hard at work preparing for this fall season.
But when we have some free time, we are taking in all that New York City has to offer this time of year:
• The Bronx Zoo puts on an incredible display of lights and fun for kids of all ages. (more here)
• Even though it's not Germany or Milwaukee, there is a decent Oktoberfest hosted in NYC (more here)
• Check out NYC's only corn maze! ( more here)
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© Compass 2025 ¦ All Rights Reserved by Compass ¦ Made in NYC
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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