Your weekly market update has arrived. Brought to you by the Martin Eiden Team at Compass.  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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New and Noteworthy

Dow Closes ~200 Pts Higher As Investors Weigh Future Interest Rate Hikes

Stocks rose Thursday after moving between gains and losses as Wall Street weighed Federal Reserve Chair Jerome Powell’s comments on the central bank continuing to fight inflation.

The Dow Jones Industrial Average jumped 193.24 points, or 0.61%, to close at 31,774.52. The S&P 500 rose 0.66% to 4,006.18, and the Nasdaq Composite advanced 0.60% to 11,862.1 

(Full story)

GameStop Partners w/ Crypto Mktplace Posts Smaller-Than-Expected Loss


GameStop Corp (GME.N) on Wednesday reported a smaller-than-expected quarterly loss and a partnership with FTX US to increase its presence in the crypto-currency space, sending the video game retailer's shares up 10% in extended trading. 

The company will start selling FTX gift cards at some of its stores as part of the partnership, financial terms of which were not disclosed. 

(Full Story)

NYC Real Estate Market Begins To Cool, But Rents Remain High

New Yorkers looking for relief from the city's notoriously expensive housing may finally be getting a bit of good news.

StreetEasy reports that the city's real estate market is beginning to cool down after a year of aggressive price increases caused by residents flocking back to NYC as the city reopened from its pandemic shutdowns. 

(Full Story)

Team News

New Photos!

We recently had a team retreat and chose to take some new team photos while we still had some summer sun. I might be biased but I can always see the happiness come through in these shoots when the team comes together. The fun we have together always seems to come out in the footage, don't you agree? Stick around to see more shots from the shoot in the newsletter and on our social media pages! 

Our Properties

825 Riverside Drive
Washington Heights
9 Bed | 3.5 Bath
Open: 9/11 11:30am - 1:30pm
575 Park Avenue, Unit 1407
Upper East Side
4 Bed | 3 Bath
114 West 17th Street, Unit 5F
Chelsea
5 Bed | 2.5 Bath
50 Bridge Street, Unit 419
DUMBO
1 Bed | 1 Bath

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. 

© Compass 2022 ¦ 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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