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Mortgage Rates Move Lower, But Is It Enough To Help The Housing Market?, Bouncing Back, Andrew Cuomo Sends Real Estate Ripples Through Mayoral Race

Martin Eiden | May 3, 2025

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New and Noteworthy

Mortgage Rates Move Lower, But Is It Enough To Help The Housing Market?

Rates for home loans dipped, but consumers’ economic uncertainty continues to weigh down the housing market. Last week,

30-year fixed-rate mortgages averaged 6.76%, down from 6.81% last week, Freddie Mac said. That’s right in line with the year-to-date average of 6.80%.

(Full Story)

Bouncing Back

The major U.S. stock indexes rebounded from their tariff-induced lows strongly last week. They posted weekly gains of around 3% as stocks extended the previous week’s positive trend. For the S&P 500, Friday’s gain marked the ninth positive day in a row―that index’s longest such streak since November 2004. (Full Story)

Andrew Cuomo Sends Real Estate Ripples Through Mayoral Race

In New York City this week, the real estate world coalesced around former governor and current mayoral candidate Andrew Cuomo, who released his housing plan which included calling for the city to build and preserve 500,000 homes over 10 years and to create a $5B capital fund to finance housing over five years. He has ideas, but can he execute? (Full Story)

Team News

A Historical Night

A special event deserves a special mention.

The Martin Eiden Team has a long history of throwing incredible, well-curated events. We always come away with so much more than we can in with - we mingle, we eat, we drink, we learn, we cheers, we capture, we create, and we always have a great time.

At this Historical Appreciation Event at our listing (219 E 49th Street), our guests were invited to learn about the rich history of this building and neighborhood from trained experts

Frampton Tolbert (Executive Director of the Historic Districts Council) and

James Ramsey (

Owner, RAAD). They did an incredible job opening our eyes to the

If you want to learn more about this home, what we learned, and the historical nature of this Bauhaus-Moderne Masterpiece, we'd be happy to share. See the listing here and see the highlight reel here.

Our Properties

515 East 72nd Street, Unit 36B Lenox Hill 3 Bed \| 3 Bath Open: 5/4 11:30AM - 01:00PM	385 Argyle Road, Unit 1B Ditmas Park 2 Bed \| 1 Bath Open: 5/4 12:00PM - 01:30PM
1810 3rd Avenue, Unit A7C East Harlem 3 Bed \| 1 Bath Open: 5/4 01:00PM - 02:30PM	172 East 4th Street, Unit 8F East Village 3 Bed \| 1 Bath Open: 5/4 02:00PM - 03:30PM
55 West 71st Street Upper West Side 6 Bed \| 7 Bath	219 East 49th Street Midtown East 6 Bed \| 7 Bath
25 East 86th Street, Unit 1D Upper East Side 4 Bed \| 2 Bath	50 Riverside Boulevard, Unit 19F Upper West Side 2 Bed \| 2.5 Bath
39 1/2 Washington Square S, Unit 9 Greenwich Village 2 Bed \| 1 Bath	157 East 32nd Street, Unit 8A Kips Bay 1 Bed \| 1 Bath
29 Montrose Avenue, Unit 4B Williamsburg 1 Bed \| 1 Bath	40 East 80th Street, Unit 2C Upper East Side Alcove \| 1 Bath

See All Properties

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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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