Your weekly real estate market update has arrived. Brought to you by the Martin Eiden Team at Compass. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
New York Officials Failed To Address The Housing Crisis. Now What?
The state seemed poised to take the first meaningful action in decades to address its deep housing shortage. But the plans fell apart, in yet another indictment of dysfunction in Albany. It seemed like 2023 would be the year that New York would finally take the most consequential steps in decades to address the state’s dire housing shortage. (Read More)
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Wall Street Rallies, Treasury Yields Rise As Strong Earnings Trump Weak Data
U.S. stocks bounced higher and Treasury yields resumed their climb on last week as market participants digested solid earnings and signs of a dampening economy. All three major U.S. stock indexes were green, with mega cap tech and tech-related companies putting the Nasdaq in the lead. (Read More)
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Governors Island Climate Hub Moves Forward As City Picks Operator
The city unveiled Stony Brook University as the winning operator of an expansive environmental research center on Governors Island, which promises to transform the island’s undeveloped south end with a full-scale campus, to include a hotel, laboratories and student housing. Construction will span from 2025 to 2028 and cost $700M to build the 400K SF campus. (Read More)
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There are few people in our industry more dedicated and hard working than Alex Maghoub. We have watched him grow to new heights as a fundamental member/partner of the Martin Eiden Team and a rockstar Compass representative in our industry. We celebrate you Alex, today and everyday for the myriad of accomplishments you’ve achieved in your time with us and beyond! Cheers to another decade of kicking ass and taking names!
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171 West 79th Street, Unit 33
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357 West 29th Street, Unit 1B
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© Compass 2023 ¦ 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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