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New and Noteworthy |
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New York Now Has More Airbnb Listings Than Apartments for Rent The fever isn’t breaking. There are now bidding wars for one in every five Manhattan rental apartments (and one in three luxury units), according to the most recent Douglas Elliman report. Inventory in all of Manhattan, Brooklyn, and northwest Queens has been hovering well below 10,000 units — as of April, the number was just 7,669 (Full Story) |
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Bear Markets and Recessions Happen More Often Than You Think The U.S. has been in recession 14 percent of the time since World War II. But being prepared can minimize hardship and even offer investing opportunities. Spending money can be delightful. But losing it? If you are watching big chunks of hard-earned savings disappear, losing money can be sheer misery. (Full Story) |
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What The Fed Interest Rate Hike Means For Home Buyers The Federal Reserve intensified its fight to cool inflation by launching the largest interest rate increase since 1994 and indicated it would do whatever it could to tame price hikes and bring down the cost of gas and food. The central bank of the United States agreed to a 0.75-percentage-point rate expansion at its two-day policy meeting... (Full Story) |
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Team News |
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Look Ma, We Made It! |
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We are so proud to be ranked in the top 1.5% of agents nationwide and 113th among small teams in New York! A huge thank you to the clients we helped in 2021. Here’s to continuing our efforts to provide high quality real estate services to as many New Yorkers as we can! |
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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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