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Maiden, that read’st this simple rhyme, Enjoy thy youth, it will not stay; Enjoy the fragrance of thy prime, For oh,it is not always May!-Henry Wadsworth Longfellow |
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Compass Debuts on the Fortune 500 |
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I’m thrilled to announce that Compass has found our home on the Fortune 500 alongside some of the world’s most respected companies like Apple, American Express, and Nike! In less than 10 years, we have become the #1 real estate brokerage in America (RealTrends 500) and one of the youngest companies ever to make the Fortune 500. In the last year alone, almost a quarter-million clients put their trust in a Compass agent as they made one of the biggest decisions in their life – buying or selling their home. |
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Compass is recognizing and celebrating the monumental contributions that the AAPI community has bestowed upon our society and in our Compass community. |
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Stop.AAPIHate.Org's mission is to advance equity, justice and power by dismantling systemic racism and building a multiracial movement to end anti-Asian American and Pacific Islander (AAPI) hate. |
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Real Estate in the News |
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*Did You Know?* |
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REALOGY (the conglomerate that owns brands Better Homes and Gardens, Century 21, Sothebys, Coldwell Banker, Corcoran, etc) is being re-named and re-branded again: Once known as NRT when Cendant bought out Coldwell Banker in 1996....they then changed their name to REALOGY in 2005 when Cendant split off its car-rental interests. Now it will be named ANYWHERE. In late 2006, REALOGY was bought for $6.65 billion, + debt and other liabilities, by Apollo Global Management, a private equity group and then went public, listed on the NYSE in 2012 at $27 per share - a price that has ranged from $2.25 to about $50 over the years. |
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The 15 Best Places to Buy a Home in the U.S. if You Want it to Increase in Value |
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For most people, buying a home is one of the biggest purchases they’ll make in their life. And for those looking for a home that will eventually increase in value, location can make a big difference, according to a recent SmartAsset study that ranked real estate markets by their growth in value over time. The study examined home prices dating back to 1997 across 400 metropolitan areas in the U.S. and ranked each based on home value growth and price stability. Courtesy of CNBC |
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The History of US 30-year Fixed Mortgage Rates From the 1970s - 2021. - Rates in 1971 were in the mid-7% range, moving up steadily until they were at 9.19% in 1974. They briefly dipped down into the mid- to high-8% range before climbing to 11.20% in 1979. - Interest rates reached their highest point in modern history in 1981 when the annual average was 16.63%. Fixed rates declined from there, but they finished the decade around 10%. - The average mortgage rate in 1990 was 10.13%, but it slowly fell, finally dipping below 7% to come in at 6.94% in 1998. - Mortgage rates steadily declined from 8.05% in 2000 to the high 5% range in 2003. As the GREAT RECESSION hit, mortgage rates fell almost a full % point, averaging 5.04% in 2009. - Mortgage rates entered the 2010's around 4.69%, falling steadily and were in the mid-3% range by 2012. In 2013, rates went up to 3.98% when the bond market panicked a little bit when the Federal Reserve said it would stop buying as many bonds. Rates rose to 4.17% in 2014 falling back to 3.85% in 2015. - By 2016 they averaged 3.65%. Rates began to rise after the 2016 presidential election, reaching their peak at the end of 2018/start of 2019....between 3.95% on the low end and 5.34% on the high end. - By January 2020 came around, the average rate for a 30-year fixed was about 3.7%. When COVID hit they dipped into the 2's, hitting a low in December 2020 at 2.68%! -As of October 21, Freddie Mac reported an average mortgage rate for 30-year FRM of 3.09%. It's been uphill from there. But as you can see, historically, still a bargain! |
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V*V*V*V*V*V*V*V*V*V*V |
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The Most Important Real Estate on the Planet OLD GROWTH FORESTS President Biden Signs Executive Order to Strengthen America’s Forests, Boost Wildfire Resilience, and Combat Global Deforestation. Read the Briefing Room. |
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Real Estate and...ART? |
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Andy Warhol's 1964 Marilyn Monroe painting just sold for $195 million, a new US record. Maybe the art world copies us in real estate with the over-used words "one-of-a-kind"...? This price is $5 million less than Rupert Murdoch's $200 million 340,00-acre Montana ranch purchase, the highest priced residential real estate sale of 2021. Not unlike real estate, Art investors love SEEING and experiencing their investments rather than looking at a monthly statement. Read about the record-setting sale HERE. |
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Still, MORE Real Estate! |
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SOLD: Iconic Bronx's Kingsbridge Heights' Castle This 4,091 Sq Ft property, located at 2744 Kingsbridge Terrace, is divided into a 4BR / 2 Bath on the 1st and 2nd floors; a 3BR / 1 Bath unit on the 3rd floor; and a 4Br / 2 Bath duplex on the 4th and 5th floors. The roof offers sweeping views of the Harlem River and is complete with ramparts and a turret. According to city records, the castle was built in 1914 at a cost of approximately $10,000 by German immigrant and piano factory superintendent Frederick Schill. For more of the history and current asking price read HERE. |
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Local Happenings |
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NYC Gets its Groove Back with 'DiscOasis' in Central Park This Summer, g et your groove back with the "DiscOasis" roller disco experience in June at Wollman Park in Central Park. P roducer, arranger and guitarist, Nile Rodgers will serve as "Groovemaster" and music curator. "I'm a lifelong New Yorker and, for me, Central Park was always the place where big things happened, from watching Sly & the Family Stone and Diana Ross to sharing the first moon landing and the inaugural Earth Day," Article/Video. |
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Brand New Two-Acre Rooftop Park at Hudson River Park's Pier 57 It’s part of a larger, $410 million renovation for the structure, which is housing more than 250K Sq Ft of office space for Google as part of a major expansion in the city. The rooftop includes greenspace and areas for the public to sit atop the large floating structure in the Hudson River that abuts Little Island, a $260M public greenspace that opened last year. The rest of the pier remains under construction, but the park is now open from 7am-10pm daily. Gothamist. |
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Luxury Glamping is Back on Governors Island for the Summer A four-minute ride on a ferry takes you to the island, where you'll be carted away to your peaceful oasis, which has 30 accommodations, a restaurant and bar, a giant campfire, lawn games and a workshop where you can learn arts and crafts, including flower arranging and making traditional drinking vessels to enjoy with the Mexican liquor. TimeOut. |
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l*I*I*I*I*I*I*I*I*I*I*I*I |
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MAY is LOVE month (I made that up!) |
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What You See 1st in This Optical Illusion Reveals What You Fear Most When in LOVE What you see first in the mystical painting by Ukrainian artist Oleg Shupliak will tell you exactly what you're fearing. Do you see a man's face or, a boy? Or, maybe you see two huts. The clever people at Your Tango have recently released an optical illusion that's said to reveal what in relationships you're most scared about.What are you afraid of?: Your Tango. |
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Best LGBTQ+ Romantic Movies of All Time Parade has rounded up and ranked the 20 best romantic films about LGBTQ characters ever—all of them acclaimed movies that beautifully illustrate the fact that love is love, no matter where (or with whom) you find it. HERE'S their ranking of the greatest LGBTQ+ romance movies of all time. (Warning: Some spoilers ahead!) |
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3 Zodiac Signs Who Are Luckiest In LOVE During The Month Of May May is the month of flowers blooming and lovers sitting in the park, holding hands. And May is the month for great luck in love, for everyone alive, but mainly for three zodiac signs in particular. This is a month filled with promises, commitment, plans and honest communications. |
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Featured Listings |
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