There's No 'Mamdani Effect': Manhattan Luxury Home Sales Surge 25%
Signed contracts for Manhattan homes over $4 million jumped 25% in November 2025 to 176 deals from October's 141, outpacing the overall market. Luxury sales have risen year-over-year alongside prices, inventory growth, and rents, countering narratives of wealthy buyers fleeing NYC. Brokers note sustained demand from high-net-worth individuals despite policy concerns.
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Dow Rises 100+, S&P 500 And Nasdaq Extend 4-Day Rally
U.S. stocks closed higher on December 5, 2025, with the Dow Jones up 0.2% near 47,954, the S&P 500 gaining nearly 0.2% at around 6,870, and the Nasdaq rising 0.3% to about 23,578. The advances followed a delayed inflation report showing modest consumer price increases.
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Jobs Slump
With U.S. jobs data delayed following the government shutdown, a private report reinforced economists’ belief that the labor market is weakening. Payroll processor ADP said private employers shed 32,000 jobs in November, in contrast with the 47,000 positions added the previous month. The government’s November jobs release is set for December 16, more than two weeks behind schedule. (Read More)
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Zillow Sparks Outrage After Removing Critical Data on Home Listings From Its Interface
The Times coverage confirmed that Zillow "quietly removed" climate risk ratings following "complaints from the California Regional Multiple Listing Service." This comes after a recent lawsuit 'Compass v Zillow' regarding the legality of exclusive listings. (Read More)
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Consumer Sentiment Rises As Inflation Outlook Improves
U.S. consumer sentiment rose slightly to 53.3 in early December 2025 from November's 51, driven by better personal finance outlooks across demographics, though still 28% below last year. Inflation expectations dropped to 4.1% over the next year the lowest since January amid a stagnant job market and high prices, with key data releases delayed by the government shutdown. (Read More)
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Releasing 2025, Getting Ready for 2026
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We hope you all had a wonderful Thanksgiving and found things to be grateful for. As we approach the new year at blazing fast speeds, we are reflecting on what is important, what we want to focus more on, what makes us happy, and what drives us. We are setting goals, making sure they are achievable, and making a plan. We hope to instill this mentality in ourselves, in the people we work with, and all the people we come in contact with. Closing the chapter on a rollercoaster year and getting ready for 2026!
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© Compass 2025 ¦ 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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