Sue's News and Views October 2024

Dear All,

Oh how quickly the summer ended! And here we are again - it's fall.

That also means the season with more indoor fun - like theater, concerts, museums - of which are plenty in NYC! Scroll down for my NYC events calendar, curated for you especially, by me.

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On the real estate front we have some exciting news I'm sure you have already heard or read about: The FED has begun the process of monetary policy normalization, on September 18, 2024 it cut interest rates by 0.5 percentage points - more than expected - to a range of 4.75% to 5.00%. Two more meetings are scheduled this year in November (right after the elections) and in December, and many predict the Fed will lower rates further.

In consequence more inventory will appear on the market - and more active buyers, as well! We're expecting a very busy fall market.

Here's an insteresting article in the NYT about What

the Fed Rate Cut Will Mean for Five Areas of Your Financial Life.

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 Mortgage rates are already down 25% off their highs. But beware: Those waiting for 2% mortgage rates are delusional.

Despite the Fed approving a half percentage point reduction in its baseline short-term borrowing rate, Treasury yields - that impact mortgages - have been moving higher..... many attribute this to a rebalancing of expectations (CNBC)

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The NASDAQ is up 126% and S&P 500 is up 92.5% in 5 years. Those invested in the equity markets (most people in the US, that includes individual investors and those who benefit from pension and retirement funds, both private and government) are substantially wealthier than they were 5 years ago. Those who own a home (over 60% of the US) that is for most their biggest investment, have increased their wealth by about 33% on average in the past 5 years, as homes - an outstanding hedge against inflation and essential need - have seen solid value escalation, too. (CNBC)

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During this season, we are recalibrating, as well - and if you feel that burning need to start hunting for that dream home of yours, don't hold back, now is the time to reach out and explore your options with me. You cannot find, if you don't know what you need and what you are looking for. I am here to get you to that place of clarity, that will enable you to take specific steps towards your goal - in a very practical way. Always feel free to reach out for an update on the current market of your choice (even if it is outside of NYC) -

I'm happy to help!

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One last word this month: Remember to VOTE.

It has never been as crucial as it is now. Every voice counts!

For my part, I'm standing with my union, American Actors Equity Association, in support of Vice President Kamala Harris.

Kind regards,

sue

Real Estate in the News

What You Can Learn From Ultra-Wealthy Buyers Before Purchasing A Home

While each ultra-wealthy individual is unique, there are some general trends in their decision-making process as it relates to real estate transactions that every homebuyer can learn from...

Courtesy of Forbes

Weekly Luxury Reports of

Manhattan, Brooklyn and Queens

Click into the image to open!

NYC October Events

OCTOBER 6, 6:30 and 8 PM

Jim Ridl Quartett

Jim Ridl - piano

Tim Armacost - sax

Lorin Cohen - bass

Samvel Sarkisyan - drums

Jim Ridl, a New York City-based brilliant jazz pianist, composer and teacher, performs and records worldwide with a variety of illustrious jazz artists. Before he embarks on a tour of Italy, you can catch and enjoy his music at the Diango, at the Roxy Hotel.

2 Avenue of The Americas

Reservations recommended

THROUGH OCTOBER 14

New York Film Festival 62

The 62nd New York Film Festival presented by Lincoln Center is in full swing through October 14.

To check out the Line-Up, the Schedule, FREE Talks, Venues, Merch, Ticket info and more

click HERE

THROUGH OCTOBER 20

The Great Elephant Migration

A herd of elephants has descended on New York, making their way down the cobblestone streets of the Meatpacking District in what’s being hailed as the largest outdoor public art installation in the city since Christo and Jeanne-Claude’s The Gates in 2005. Colossal!

The life-sized sculptures were made by indigenous artisans—and you can buy one to support wildlife conservation.

Learn more about The Great Elephant Migration, HERE

THROUGH OCTOBER 20

Blood of the Lamb

A pregnant woman finds herself detained in a Texas airport with an unexpected adversary: a court appointed attorney assigned to represent her baby. This electrifying thriller by Arlene Hutton features two women with opposing beliefs, forced to navigate the bureaucratic chaos of post-Roe America. 

Food for thought!

With Meredith Garretson and Kelly McAndrew

Directed by Margot Bordelon

59 E 59 Theaters

schedule and tickets click HERE

OCTOBER 4 - NOVEMBER 3

People Of the Book

A New York Premiere at Urban Stages, directed by John Langs:

People of the Book follows an author who returns from war to literary glory, but his celebrity status is underscored by his marriage to an Iraqi woman he saved.

Urban Stages, 259 W 30th St.

For tickets click HERE

OCTOBER 17 - 20

NYC Food & Wine Festival

It's that time of the year! Check out four days and over 80 events for this year's NYC WFF hosted by Food Network. The foodie extravaganza consists of city-wide tastings, limited time offers, pier parties and more!

Click HERE to learn more!

OCTOBER 17, 8 AND 10 PM

Arcoiris Sandoval Trio

Arcoiris Sandoval is a Jazz pianist, arranger and composer

and Fulbright award recipient currently residing in New york City, orignally from Tucson Arizona.

Arcoiris Sandoval -piano

Marty Kenney - bass

Kenneth Salters - drums

Room 623

217 W 119th St.

Tickets click HERE

OCTOBER 22

An Evening with Aaron Lazar

A benefit concert for Project ALS.

The incredibly talented, glorious singer and award winning actor Aaron Lazar was diagnosed with ALS in 2022 and has become a passionate advocate for the fight to end it. The evening, hosted by Andrew Rannells will feature performances by Sara Bareilles, Brian Stokes Mitchell, Kate Baldwin, Adam Pascal, Loren Allred, Anthony Rapp, and many more Broadway Luminaries.

City Winery NYC,

doors open at 6:30pm

For tickets Click HERE

OCTOBER 28, 6-7:30PM

"Nicht wirklich:" An Evening with Jens Sparschuh and Eric Jarosinski

Deutsches Haus at NYU presents a reading by the author and current writer-in-residence at Deutsches Haus at NYU, Jens Sparschuh, from his recent novel Nicht wirklich, followed by a conversation with the acclaimed Germanist, writer and mastermind of @neinquarterly, Eric Jarosinski.

Deutsches Haus,

42 Washington Mews

FREE tickets click HERE

OCTOBER 30 - NOVEMBER 10

Ragtime

The Annual Gala Presentation of the TONY Award winnig musical RAGTIME at the New York City Center will feature Broadway stars Joshua Henry, Joaquina Kalukango, Brandon Uranowitz, Caissie Levy and Shaina Taub under the direction of Artistic director Lear deBessonet.

New York City Center

For tickets Click HERE.

OCTOBER 31, 2024

NYC Village Halloween Parade

It's back and spookier than ever! Head downtown to check out this year's iconic parade, stretching along 6th Avenue from King Street to 15th Street. Expect to see more than 50,000 ghouls, zombies, witches, robots, Jedis, monsters and more to take the streets of lower Manahattan. This is an annual event you don't want to miss!

Click HERE to learn more!

Lifestyle Tips and Tricks

5 Things To Know About Buying A Home This Fall

The real estate game is finally shifting in buyers’ favor...

Courtesy of Forbes

Homes Near Top-Rated Schools Cost Nearly 80%...

But homebuyers can still find bargins by giving up one thing...

Courtesy of realtor.com

Emerging Home Building Trends...

Builders are focusing on bold colors, outdoor features and creative uses of space.

Courtesy of US News

10 Cosmetic Upgrades to Sell Your Home in Record Time

Caution: Project results may make your home so beautiful, you won't want to leave.

Courtesy of HGTV

The R-Team's Featured Listings

Upper West Side

102 West 80th Street, Unit 87

1 BD 1 BA $629,000

Hamilton Heights

100 Hamilton Place,

Unit 2F

2 BD 1 BA $549,000

Central Harlem

12 East 132nd Street,

Unit 1A

2 BD 1 BA $345,000

Central Harlem

12 East 132nd Street,

Unit 4B

2 BD 1 BA $299,000

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Ready to achieve your next real estate goal?

Sue Mathys

Licensed as

Susanne Mathys-Huerzeler

Lic. R.E. Salesperson

The R-Team

M: 917.667.9407

sue.mathys@compass.com