Rising Interest Rates Lower Real Estate Bubble Risks Worldwide,Wall Street Rises As Pressures Pounding It From The Bond And Oil Markets Ease, NYC Council Plans To Fight Loud Streets With 'Noise Cameras'

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Rising Interest Rates Lower Real Estate Bubble Risks Worldwide

One benefit of global central banks' aggressive interest-rate hikes over the past 18 months? Fewer housing-market bubbles, according to UBS.

The Swiss bank released its annual Global Real Estate Bubble Index last week and found that home prices are only severely overvalued in just two of the world's top 25 financial centers, Zurich and Tokyo.

(Read More)

Wall Street Rises As Pressures Pounding It From The Bond And Oil Markets Ease

Wall Street ticked higher Thursday to trim its sharp loss for September after pressure squeezing it from the oil and bond markets relaxed a bit.

The S&P 500 rose 25.19, or 0.6%, to 4,299.70. The Dow Jones Industrial Average added 116.07 points, or 0.3%, to 33,666.34, and the Nasdaq composite gained 108.43, or 0.8%, to 13,201.28.

(Full Story)

NYC Council Plans To Fight Loud Streets With 'Noise Cameras'

Over a third of all 311 calls in the first quarter of this year were noise-related. A new law seeks to reduce this by 70%+. Similar to a speed camera, when a noise camera detects a loud car, it takes a photo of the license plate, and then the city mails the owner a ticket. In NYC, noise code penalties range from $220 for the first offense to $2,625 for repeat offenders.

(Full Story)

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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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Stocks, The Fed, and Bonds, Oh My, Happy Holidays New York, Best of 2024

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