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Your weekly market update has arrived. Market by Marty |
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New and Noteworthy |
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Sense of Urgency to Buy Before Interest Rate Hikes The value of the entire residential real estate market in the US jumped by ~$7 trillion in 2021, by far the largest growth of any given year. The housing market is now worth $43.4T more than 2x from a decade ago. Fannie Mae forecasts home prices will rise another 7%-8% in 2022. Goldman Sachs predicted they will grow another 16%. (F |
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How to Make Sense of the Stock Market's Turbulent Year So Far Here we go again. From late March 2020 till almost the end of last year, stock markets had been on an extraordinary tear. When the pandemic exploded, market plunged close to 30% in a matter of weeks. Aggressive government action by the Fed and then Congress staunched the panic. (Full Story) |
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The New York Real Estate of 'And Just Like That In And Just Like That, we see that Bradshaw has held onto that beloved Upper East Side studio for decades, following the likes of Miranda and Charlotte retaining their Prospect Heights and Park Avenue pads. But this isn't the 2000s anymore and these homes have evolved just as much as their protagonists. (Full Story) |
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Team News |
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Martin's Market Update 2/1 |
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Is renting more expensive than buying in this market? Two recent articles published by CNBC and Washington Post confirm just that. Prices are going up and so are interest rates. Reach out if you ever need any advice navigating this crazy market. Every Tuesday, we are posting bite-sized updates on the NYC market that will help buyers and sellers better navigate this crazy market. This info will help you stay more informed and ahead of the curve. |
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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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