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
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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.
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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.
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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.
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Artisanal Sweet Treats Bazaar
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.
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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
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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.
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October Featured Listings
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540 West 49th Street, Unit 410N
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56 East 87th Street, Unit 4D
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453 West 19th Street, Unit 5A
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350 West 23rd Street, Unit 4B
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