The Fed vs Inflation
The Federal Reserve raised interest rates by 0.50 percentage point to curb inflation and predicts a higher peak.
Some economists reckoned the Fed would say “additional increases” would be needed, signaling the Fed is close to winding down the hiking cycle. It estimates it will cut the rate to 4.1% by the end of 2024 to support an economy likely to be weak-ened by the rate increases. (Full Story)
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US Inflation Slowed Significantly In Nov.
A decline in US prices for gas and used cars in November led to a marked slowdown in inflation, with prices for all goods and services rising just 0.1% from the prior month.
Piped gas for utilities fell by 3.5%, used cars fell by 2.9%, and gasoline fell by 2%. Additionally, medical services fell by 0.7% and electricity fell by 0.2%, offset by increases for items such as shelter and food.
(Full Story)
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Homebuyers Are Hoping For A 2023 Market Crash: What Will Really Happen?
Until recently, the housing market had been heating up at a rapid pace leading many buyers to find themselves priced out, especially first-timers. If you weren’t able to make a cash offer, offer a large amount over the list price, you might have grown frustrated. M any buyers are hoping for a housing market crash in 2023. But will it happen? (Full Story)
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This week, our very own Ramzis Hadzhi was featured in a Youtube video with Erin Wheelock who hosts the popular series " Where to, Wheelock"
Watch him give an extensive and well executed tour of our incredible Greenwich Village Maisonette:
5 Bed | 3 Bath | 3,700 SF
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838 Quincy Street, Unit GARDEN
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610 West End Avenue, Unit 8D
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227 Ocean Parkway, Unit D1
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357 West 29th Street, Unit B1
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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.
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© Compass 2022 ¦ 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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