04.21.2024

Rates are rising. The 30Y is at 7.35%.

 

Inflation is proving to be a sticky proposition.

 

CPI rose .38% MOM & 3.5% YOY.

 

The Fed is in a “wait and see” mode.

Perhaps an end of 2024 rate cut or two?

 

Jerome Powell is determined to tamp inflation.

 

Prices continue to edge higher, nearly 6% YOY.

 

Yet Pending Sales are on the rise YOY & MOM.

 

There is an imbalance in supply & demand.

 

Inventory is building. Listings are up MOM & YOY, but down 30% compared to 2019.

 

Permitting is in a permanent quagmire.

 

So… is now a good time to buy or sell? Or should you wait for the summer slowdown?

 

Get @ me for how I would position yourself in this nuanced market,

& read the full market report here.

 

 Three new properties just listed in Manhattan by the Katzen Team. If you are planning your purchase or simply curious, please take a moment to read my Buyer's Guide here.

$4,850,000

$36,500,000

$5,850,000

 

575 MADISON AVENUE, NY, NY 10022. 212.891.7000 © 2019 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. IF YOUR PROPERTY IS CURRENTLY LISTED WITH ANOTHER REAL ESTATE BROKER, PLEASE DISREGARD THIS OFFER. IT IS NOT OUR INTENTION TO SOLICIT THE OFFERINGS OF OTHER REAL ESTATE BROKERS. WE COOPERATE WITH THEM FULLY. EQUAL HOUSING OPPORTUNITY.