September 2022

New York Fashion Week

Alongside Paris, London, and Milan, semi-annually New York hosts one of the four biggest fashion weeks in the world. Held in February and September each year, New York Fashion Week takes over the City. 2022 NYFW was a triumphant return for many after February's shows were impacted by COVID19- with last minute cancellations from many big names.

A first of it's kind event and street fair- Vogue World made headlines celebrating the publications 130th anniversary. A-list figures like Serena Williams and Lil Nas X made debuts on the runway.

Market Report

  • Manhattan NYC Supply is up 6.5% from last month.

  • Inflation at 8.3% and mortgage rates continue to increase. The priority of the Federal Reserve for the past year has been to tame down inflation, slow down the economy and prevent a recession. To do this, the Fed has been increasing interest rates. Rates are expected to increase by another 0.75 percentage points.

  • Any buyers on the fence due to rising mortgage rates should see this chart. Although rates are certainly higher than they were a year ago, they are still significantly lower than almost any time throughout history. Thank you to fellow agent Scott Musmanno for providing this.

Queen Elizabeth II

Queen Elizabeth II, born April 26th, 1926 became the longest reigning Monarch in British history as of 2015. Her Coronation was held on June 2nd, 1953 and unfortunately came to an end September 8th. She was laid to rest on September 20th at Windsor alongside her late husband of more than 70 years- Prince Philip.

Following her passing, there has been a large social media calling for the Koh-i-Noor Diamond (105 karat gem) to be returned to India. The diamond came from India’s alluvial mines thousands of years ago, wove its way through Indian court intrigues before eventually ending up in the British Crown Jewels by the mid-1800s.

To understand where the diamond came from—and whether it could ever go back—requires diving into the murky past, when India was ruled by the Mughals.

To read the whole story- click here