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DB's Fall Market Insights

The peak of fall is fast approaching, one of my favorite seasons. Beautiful colors, smells, and holidays galore. Go outside for a walk, enjoy the changing leaves and attend a fun event before it gets too cold out! It's also an exciting season for real estate. New developments, new homes for sale and rent hitting the market, and the lowest mortgage rates since 2016! We'll touch on this subject, some fun and functional home design tips, and also some local upcoming events in this month's newsletter.

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David Berger Fall ’19 insights graphic featuring a man on a city street.

The peak of fall is fast approaching, one of my favorite seasons. Beautiful colors, smells, and holidays galore. Go outside for a walk, enjoy the changing leaves and attend a fun event before it gets too cold out! It's also an exciting season for real estate. New developments, new homes for sale and rent hitting the market, and the lowest mortgage rates since 2016! We'll touch on this subject, some fun and functional home design tips, and also some local upcoming events in this month's newsletter. Here's everything you need to know and everywhere you need to go this month---Happy Fall!

All the best,

DB

Real Estate in the News

High-rise condo balcony overlooking an illuminated city skyline at dusk, with glass railings and outdoor seating.

Mortgage rates dropped to their lowest level since October 2016

Due to weaker economic data over the past week. While Mortgage rates continue the summer swoon, economic growth is clearly slowing due to rising manufacturing and trade headwinds. Economic fundamentals are still solid for U.S. consumers. Now may be a great time to allocate investment liquidity out of equity and bonds and into Real Estate! Read more here in Market Watch.

Tech firms are expanding their grasp on Manhattan’s commercial real estate market w

ith this year’s leasing activity already outpacing its 2018 numbers. Major tech firms like Facebook, Amazon, and Apple could continue to drive an upswing in the industry’s commercial leasing throughout Manhattan. This is great news for both Commercial real estate and the city’s economy as it’s an indicator that the demand for top tech talent is on the rise in NYC. Read more here in Curbed.

City skyline with glass skyscrapers and a prominent angular tower under construction.

Local Events

Charcuterie spread with cured meats, olives, bread, salad, and rosé being poured into a glass.

New York City Wine & Food Festival

October 10-13th

New York City’s biggest wine and food festival is back for its 12th year! Enjoy events, wine tastings, intimate dinners, hands-on classes, demos from culinary personalities, and more. 100% of the net proceeds benefit Food Bank For New York City and the No Kid Hungry® campaign to end childhood hunger in America and in the five boroughs of NYC. Learn more here.

Artisanal Sweet Treats Bazaar

October 20th

Celebrate Dessert Month on October 20th and discover our city's best artisanal sweet-makers! You’ll find experimental donuts, handmade macaroons, creative peanut-butter cups, small-batch fudge, fresh cookies and cupcakes, and much more! Click here for more mouthwatering details.

Chocolate and vanilla cupcakes with swirled frosting and chocolate sprinkles on a wooden board.

In The Know

Q3 2019 Manhattan Market Report graphic over a chandelier-lit dining room with a city view.

Q3 Manhattan Market Report

The

results are in on the newly-established

Mansion Tax in New York: it prompted a

large number of sales in a race to beat the

July 1, 2019 deadline.

The new tax coupled with recession speculation has slowed and shifted the

market.

The

2018 and 2019

trends are suggestive of market normalization, not a crash. While real estate continues to move w

e expect economic climate and taxes to continue

dictating price, and the increased contract

activity seen to lead to market stabilization. Read more here

30 fall decorating ideas for a cozy home

While it may be easy to settle for kitchen autumn decor, why not take it up a notch this year? Elle Decor checked in with some of their favorite designers and taste-makers to get their take on the best fall decorating ideas—from eye-catching wreaths to floral patterned throw pillows. Use these practical tips as inspiration to celebrate the beauty of the season with chic decor.