Market Report
November marks the beginning of the holidays and typically the slow down in NYC real estate market.
Supply, generally declines as new sellers, understandably so, wait for the new year to list their homes for sale. Many people in NYC travel for the holidays or have company staying with them so many buyers are also less likely to begin searching now.
The already active buyers in New York however, can score some good deals in the last month of the year as most sellers would be happy to end the year with the gift of a signed contract.
2022 Elections
The Democrats have won in Arizona and Nevada, maintaining control of the Senate. While republicans have seized control of the House.
In NYC, Ms. Hochul, who became governor last year after the resignation of Andrew M. Cuomo, became the first woman to be elected governor of New York, ending a nearly 250-year-long streak of men in the governor’s mansion.
A notable win in New York, voters overwhelmingly approved the largest environmental bond issue in New York’s history, authorizing Albany to borrow up to $4.2 billion to clean up the environment, reshape infrastructure for climate change and reduce fossil-fuel emissions.
Thanksgiving Macy's Day Parade
The crown jewel of Thanksgiving in NYC has always been the Macy's Day Parade. The parade has been a staple in the big apple since 1924, being suspended only once during World War II. For three hours on Thanksgiving day in NYC, 12 foot floats take over the city streets. Starting at West 77th Street & Central Park West the festivities come to a climax at Macy’s in Herald Square (the largest department store in the US).
NYC Marathon
The New York City Marathon is an annual race that courses through the five boroughs of New York City. It remains the largest marathon in the world and along with Boston and Chicago is one of the World Marathon Majors.
This year runners experienced a near record temperature high of 73 degrees by 2PM. The spiked climate alongside the humidity proved to be a huge hurdle for runners.
Congratulations to this year's winners- Evans Chebet finishing in 2:08:41 and debut victor Sharon Lokedi finishing in 2:23:23.