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Market by Marty |
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New and Noteworthy |
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The Housing Market Chills as Mortgage Rates and Prices Scare Buyers Rising mortgage rates, combined with high home prices are discouraging would-be buyers. Sales of have fallen for 5 straight months, during what is generally the busiest time of year in real estate. The flip side of this story is that because less buyers are in the market, there is an opportunity to buy with less competition. Remember to be greedy when others are fearful! (Full Story) |
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Stocks End Higher as Wall Street's Winning Week Rolls On Stocks ended higher on Wall Street Thursday, building on their winning week. The gains came amid a deluge of news about the economy, interest rates, and corporate profits. The S&P 500 rose 1% after shaking off an early stumble, returning to its highest level in six weeks. (Full Story)
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Q2 Brooklyn Market Report The market is changing in Brooklyn. Contracts signed were down 21% YoY indicating that the torrid record pace of the recent past is concluding. Sales volume, however, ballooned to $4.5 billion, a solid 14% jump year- over-year. A remarkable figure given that total transactions increased by only 1%. A verage sales price rose by 13.1% compared to last year (Full Report Here) |
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Team News |
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Next Tuesday! |
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Are you considering buying real estate in this market? Do you want the latest information on how to so provided by a panel of experts in the field? If so, we have the event for you! The following experts will give you advanced tools that only insiders know about to help you navigate this current market: Martin Eiden: NY Associate Broker - Compass Alex Mahgoub: NY Associate Broker - Compass Ramzis Hadzhi - NY Real Estate Agent - Compass Michael Landsman: Partner - Holm & O'Hara LLP John Pasquarello: Mortgage Loan Officer - US Bank Join us! It's free! July 26th 6pm - 7pm |
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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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