The Monthly Update - August 2018

Update header.001.jpeg

Is The Tail Wagging The Dog?

 

  • 4.1% GDP

  • 25,000+ DOW

  • 3.9% Unemployment rate

  • Deregulation in full swing

Then why this from Bloomberg? Why Manhattan Home Prices Are Sliding

And this from StreetEasy? Most Price Cut Since 2010

Sellers have been feeling the pitch since 2016, but two years later — after much fanfare in the aforementioned stats — the housing market is finally getting its chance to wag. In Q2 2018, what agents have been feeling and whispering about for the past 30 months was finally being reported, namely that there are big changes coming. What, when and how those changes will materialize still remains a mystery, but the are on the horizon.

With so much uncertainty in the market, can buyers purchase with confidence and can sellers sell without losing everything?

Buyers can move forward with confidence because they are buying shelter — a necessity, a home, as well as an asset and investment. Sellers can be confident if they get realistic. If there’s equity in the property, it might be less than before, but if they price wisely with current market in mind, do the necessary prep work prior to listing and have expectations that are based in today’s reality, the market can be extremely generous.


The team at Compass has compiled the borough's most notable data of the past quarter—take a look right here.


Press.png
  • Compass real estate brokerage disrupts with high-tech, smart 'for sale' sign  Read More
  • Compass Philadelphia is open, and 15 additional new offices coming soon. soon! #CompassEverywhere
  • Who’s Disrupting Brokerage? A Breakdown By The Numbers. Read More

Don't Miss Out!

image.jpg

Summer Restaurant Week

July 23 - August 17, 2018

Love a three-course meal but hate the price? From July 23-August 17, take advantage of lunch or dinner specials at 300 of the city's top restaurants during NYC Restaurant Week. For more information, click here.

image-1.jpg

Summer Streets

August Saturdays 7am - 1pm

Grab your bike - Summer Streets returns this month, turning Park Avenue into a car-free pedestrian path on three August Saturdays from 7 a.m. to 1 p.m. You can find out more about the program, which features activities, food stands, and more, in this article.

lincoln-center-out-of-doors-kevin-yatarola__large.jpg

Lincoln Center - Out of Doors
August 1 - 12, 2018

Art goes outside with Lincoln Center's Out of Doors program, bringing three weeks of world-class music, dance, and spoken word to the plaza for the public to enjoy. Check out the schedule here