Why The Wealthy Are Renting Homes Instead Of Buying In New York City, Stocks Edge Up But Set for Weekly Drop On US Election Nerves; Crude Oil Rises, $350M Redesign of Fifth Avenue

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Why The Wealthy Are Renting Homes Instead Of Buying In New York City

You don’t have to believe Manhattan’s brokers when they say the wealthy have turned to renting the numbers say it all.

The amount of households raking in at least $750,000 and choosing to rent went up 10.5% between 2018 and 2022. Only are the well-heeled choosing to rent in the city, they’re doing so strategically.

(Read More)

Stocks Edge Up But Set for Weekly Drop On US Election Nerves; Crude Oil Rises

Global stocks traded higher on Friday, although they had for a weekly loss amid U.S. election jitters, while oil prices rose due to concerns about fighting in the Middle East.

Neck and neck polling in crucial swing states ahead of the Nov. 5 U.S. election has investors anxious about a contested result.

(Full Story)

$350M Redesign of Fifth Avenue

The plan to transform Fifth Avenue between Bryant Park and Central Park calls for reducing the number of traffic lanes from five to three, nearly doubling the size of the sidewalks, shortening crosswalks, and adding greenery and lighting to create a world-class boulevard emblematic of the Champs-Élysées in Paris. Costing $350 million that leaders say will eventually pay for itself through increased property & sales tax revenue. (Read More)

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A Postive Mindset

Our resident CEO (Chief Emotional Offer) on the Martin Eiden Team Shawn Wilson has always preached the benefits of a positive mindset. Not only has it helped our mentality but our business as well. Shawn attributes much of his success to being kind and staying positive and we've incorporated it into our daily lives and as a pillar of our business. Listen to the Positive Mindset Podcast for the fuel that keeps this team going.

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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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Why The Wealthy Are Renting Homes Instead Of Buying In New York City, Stocks Edge Up But Set for Weekly Drop On US Election Nerves; Crude Oil Rises, $350M Redesign of Fifth ...

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