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We're Seeing Signs Of Buyer Confidence As Labor Day Approaches, Evidence For A New Bull Market In Stocks Is Rapidly Piling Up, Toll Brothers Brings in Sculptor On Their Late...

Martin Eiden | August 18, 2022

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Market by Marty

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New and Noteworthy

We're Seeing Signs Of Buyer Confidence As Labor Day Approaches

Last week in Manhattan, 205 contracts were signed; a 9.6% increase over the previous week. Brooklyn saw 147 contracts and a 9.7% increase, virtually identical to Manhattan's.

Despite higher interest rates and economic uncertainty, there haven't been a huge number of buyers backing out of contracts. (Report)

Evidence For A New Bull Market In Stocks Is Rapidly Piling Up

This was the answer Mike gave to the question about how he went bankrupt in Earnest Hemingway’s “The Sun Also Rises.” It’s a good way to think about how any change occurs when viewed without a proper perspective.

In the stock market, themes that first emerged over the second half of 2021 persisted for the first half of 2022. (Full Story)

Fearless Girl faces the Charging Bull on a cobblestone New York City street.

Manhattan street with tall buildings, pedestrians, and a sidewalk enclosure marked “THE ELGIN.”

Toll Brothers Brings in Sculptor On Their Latest Manhattan Development

Sculptor Capital Management has taken a minority stake in the Rockwell - a 13 story, 81-unit condo on the Upper West Side. The project near completion and sales will start in the fall. The residences will feature high-end luxury finishes and residents will enjoy a best-in-class amenity package. (Full Story)

Team News

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  We will tell you the mistakes many sellers make and how to avoid making them yourself.

Learn The 3 P's:

Preparing your home for sale.

Promoting your listing.

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Attendees will be entitled to our Complementary Styling and Staging services by Soulful Staging and Design!

Martin Eiden: NY Associate Broker, Compass

Alex Mahgoub: Seller Specialist, Compass

Ramzis Hadzhi: Seller Specialist, Compass

Shawn Wilson: Stager, Soulful Staging & Design

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Our Properties

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114 West 17th Street, Unit 5F

Chelsea

5 Bed | 2.5 Bath

Living and dining room with arched city-view windows, cream armchairs, and a patterned rug.

575 Park Avenue, Unit 1407

Upper East Side

4 Bed | 3 Bath

See All Properties

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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Martin Eiden Team

M: 917.701.8898
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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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Featured Blogs

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