What The Fed’s Rate Cut Means For Homebuyers And Sellers, Dow Gains 200 Points As Wall Street Heads For 3-Week Winning Streak, Here’s How Much You Need To Earn To Afford an Apartment in Each NYC Borough

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What The Fed’s Rate Cut Means For Homebuyers And Sellers

A drop in the cost of borrowing will help fuel more homebuyer demand, as will the increased inventory of homes available for sale. Falling rates will also bring more sellers into the market. An increase in both demand and supply this fall likely will lead to steady home prices in most local markets. (Read More).

Dow Gains 200 Points As Wall Street Heads For 3-Week Winning Streak

The Dow Jones Industrial Average climbed to a fresh record last week as traders digested new data that pointed to further progress in lowering inflation. Wall Street was also headed for solid weekly gains. The 30-stock Dow added 266 points, or 0.6%. The S&P 500 hovered near the flatline, while the Nasdaq Composite lost 0.2%.

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Here’s How Much You Need To Earn To Afford an Apartment in Each NYC Borough

Highly competitive and highly priced is the name of the game in NYC. Here are the The Bronx remains the most affordable borough with the median income required of $126K+/year. The most expensive (you guessed it) Manhattan at $178K+/year. (Read More)

Team News

Team Vacations #2

The team is returning from their vacations, so we figured we'd give them one last shoutout before we get back to work! Ramzis and Kliment in Patagonia and Buenos Aires, Alex in San Miguel de Allende and CDMX, and Jarod in Yosemite and Shasta. Hope everyone had a great time and was able to recharge as we get ready for the fall market.

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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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What The Fed’s Rate Cut Means For Homebuyers And Sellers, Dow Gains 200 Points As Wall Street Heads For 3-Week Winning Streak, Here’s How Much You Need To Earn To Afford an ...

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