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Market by Marty |
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New and Noteworthy |
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Election Results It was an electric week in NYC and across the country as the Midterm Election results rolled in. Chuck Schumer, Kathy Hochul, and Letita James maintained their seats, Measures on climate change and racial equity were unanimously passed, and there were many 'firsts' throughout the country. Find more election results here. |
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Wall Street Ends Sharply Higher On The Sign Of Cooling Inflation The inflation data prompted traders to adjust rate hike bets, with odds of a 50-basis point rate hike in December, rather than a 75-basis point hike, jumping to about 85% from 52% before the data was released, according to the CME FedWatch tools Francisco Fed President Mary Daly and Dallas Fed President Lorie Logan welcomed the most recent inflation data. (Full Story) |
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How To Sell Your Home During A Real Estate Slowdown Selling a home is no longer the easy feat it was last year or even six months ago. Between the news that we already seem to be slipping into an unofficial recession and a serious home market slowdown, many sellers feel like they’re facing a Sisyphean task. The Federal Reserve’s latest interest rate hike of 0.75% is expected to push up mortgage rates that had already reached a 20-year high . (Full Story) |
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Team News |
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NYC Seller Update |
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Sellers...Listen up! TLDR: Sell in the next 6 months or be prepared to wait 3-5 years. Keep in mind prices are still up from 2019. Watch the full update here. |
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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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