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Will Something Give in the Market?, NYC Market Ready to Swing?, Developers Concered on Costs

Martin Eiden | September 3, 2021

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New and Noteworthy

Will Something Give in the Market?

'Something will give' in U.S stock Market...

" This is the longest period of ebullient readings without a market correction since 1999/2000." With all time highs in many areas of the market, there is a hint of panic in the air. The Delta variant may be the cause of the increased supply chain disruptions, but how could this trickle down the line? (Full Story)

NYC Market Ready to Swing?

As New Yorkers return from summer away, how will they be welcomed? The sales market is always quiet during late summer, but how about for those looking to rent? Unfortunately, seasonal workers and students are facing bidding wars and scarce availability. Read more about 'how the pendulum is swinging' in the NYC market this fall. (Full Story)

Developers Concerned on Costs

Building activity declined in July, a strong relation to continued supply constraints. Builders are seeing weekly price spikes and falls on building materials. A 7% decrease was noted from June to July on new construction homes. Residential construction has eased back but still holds above pre-pandemic levels. Next month is looking to remain upbeat. (Full Story)

Team News

New in New York

Episode 3: Hudson Yards

The new luxury development of Hudson Yards features many experiences one seeks. Join us as we take you inside and explore the striking qualities of 15 Hudson Yards in this episode. The amenities truly inspire awe with striking views from the pool, children's playroom, and gym. Distinctive architecture brings amble space and atmosphere into the homes of those at Hudson Yards.

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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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Will Something Give in the Market?, NYC Market Ready to Swing?, Developers Concered on Costs

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Will Something Give in the Market?, NYC Market Ready to Swing?, Developers Concered on Costs

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

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