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The Unemployment Rate Dropped To 3.9%, Last Seen In December 2018, NYC Eviction Moratorium Ends Saturday,Q4 Manhattan Market Report Is In

Martin Eiden | February 22, 2022

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New and Noteworthy

The Unemployment Rate Dropped To 3.9%, Last Seen In December 2018

Non-farm payrolls rose by 199,000 in December, far fewer than the 422,000 estimate. However, November's numbers were revised up....by 20% , showcasing how inaccurate these numbers can be. Wages increased more than expected, rising 4.7% year over year, fueled by early accelerated retirements, rising self-employment (Full Story)

NYC Eviction Moratorium Ends Saturday

Protesters rallying against the end of New York’s eviction moratorium blocked one of the entrances to the State Capitol Tuesday, as Governor Kathy Hochul confirmed that the tenant protection law will expire in less than five days, on January 15th. Hochul says she understands the growing anxiety, but says it will not be renewed. (Full Story)

Q4 Manhattan Market Report Is In

At nearly $7 billion, condo and co-

op sales volume was the highest of

any Q4 on record. Overall, 3,445

apartments were sold in the

quarter, up a staggering 79 percent

compared to the previous year.

This number was the highest total

for a Q4 since 2013. Apartment

contracts were also up,

increasing

34.5 percent. (Full Story)

Team News

Happy Birthday Shawn

This week we are wishing Shawn Wilson a very happy birthday. Being fabulous has no age - you simply stay spectacular. His huge heart keeps him young and vibrant.

Shawn, have a wonderful day with family and friends, for you always brighten up those around you. Thank you for being the authentic person you are. Have a great Birthday Shawn!

"Count your age by friends, not years. Count your life by smiles, not tears." -John Lennon

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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.

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The Unemployment Rate Dropped To 3.9%, Last Seen In December 2018, NYC Eviction Moratorium Ends Saturday,Q4 Manhattan Market Report Is In

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FARE Act, Late-Week Retreat, Where’s The Inflation From Tariffs? Just Wait, Economists Say.

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One Full Point, Slow and Steady, See The New $16.7M Pedestrian Oasis Next To Grand Central Terminal

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The Unemployment Rate Dropped To 3.9%, Last Seen In December 2018, NYC Eviction Moratorium Ends Saturday,Q4 Manhattan Market Report Is In

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US Economy Contracted Sharply To Start 2025 - Worse Than Previously Thought, Record Territory, Inflation Exp…

FARE Act, Late-Week Retreat, Where’s The Inflation From Tariffs? Just Wait, Economists Say.

DUMBO, Brooklyn: A Neighborhood That Blends Art, Tech, and Iconic Views

One Full Point, Slow and Steady, See The New $16.7M Pedestrian Oasis Next To Grand Central Terminal

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