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Market by Martin |
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New and Noteworthy |
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Record Number of Cash Offers in NYC More than two-thirds of home sales in Manhattan last quarter were cash purchases, a record, as high rates on mortgages deter all but the richest buyers. As mortgage rates hover around 6 percent, nearly 70% of Manhattan homes purchased in the final quarter of 2023 were bought without a mortgage. |
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Stock Rally Stalls After Jobs Report |
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Fed's Powell Still Expects Rate Cuts, But Inflation Progress "Not Assured" U.S. Federal Reserve Chair Jerome Powell, avoiding disputes over fiscal policy, energy, housing, Ukraine, and other tangled issues, told U.S. lawmakers on Wednesday he and his colleagues would “keep our heads down” in a charged presidential election year, with interest rate cuts still likely in coming months but only if warranted by further evidence of falling inflation. (Read More) |
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Team News |
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24 Hours in NYC |
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When we aren't busy being the best real estate team in New York City, we like to take advantage of all of the incredible things this city has to offer. From Souk Yoga with Maria, Dinner with Noble at The Smith NoMad, g etting cakes at Lady M Nomad, Movie Night at the Bushwick Loft: Priscilla, to Planning Mom’s 75th Birthday party and Jelly’s Last Jam at the New York City Center... we had a jam packed weekend full of fun, family, and new adventures. Follow along by following along. |
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Our Properties |
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