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Market by Martin |
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New and Noteworthy |
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Q1 Queens Market Report The Queens residential real estate market real estate market is weathering a real estate cycle impacted by low inventory and a rapid surge in interest rates. As a result, the average sale closed at $696,397, a 5.3% decrease from last year's Q1 average. The total sales volume for the borough hit $2.36 billion. |
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Tesla Drop Weighs On Stocks, US Yields Retreat After Data A gauge of global stocks was on track for its biggest daily percentage drop in two weeks after a sharp decline in Tesla shares while softening U.S. economic data and growing worries about the debt ceiling sent Treasury yields lower. On Wall Street, shares of Tesla (TSLA.O) sank 7.20%. (Full Report) |
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A Good Time To Make A Deal in NYC New York City’s real estate market reacted strongly to the economic uncertainty of 2023’s first quarter. Surprisingly, it then began to strengthen in February, and improved even more in March. That said, the deals which got made correlated strongly to price reductions or highly realistic listing prices. (Full Story) |
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Team News |
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We hope you enjoyed celebrating Earth Day this year! If you didn't get a chance to do as much as you wanted this year A) You're not alone and B) There is still time to get involved and take action! Check out the link below to see a list of ways you can do your part. |
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Our Properties |
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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. |
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