Happy New Year!

The Weekly Recap

Good morning and happy Friday! NYC officially has a new mayor in office, the MetroCard has officially been retired. The S&P finished 2025 up 16% as the three year unabated bull market continues, Warren Buffett is officially retired, dealmaking topped $4 trillion in 2025, Starbucks no longer wants to have stores on every street and if you’re looking for a new job you should try looking on dating apps.

Happy New Year!

Happy New Year to all of you and your families! This section will be back next week with more real estate and economic insights. Hope you haven’t given up on your resolutions just yet!

Market Performance

Here are how some other indexes and asset classes have performed as of this 12/31 morning’s opening bell.

NYC Market Update

Here is a view of NYC market activity over the past week.

Mortgage Rate Update

The average 30-year fixed-rate mortgage fell again week over week and is at its lowest levels in almost two years. Once we get below 6%, the industry can expect to see an uptick in buyers hitting the market place and sellers who were frozen due to their lower interest rate start exploring listing their homes.

News You Can Use

• The Housing Market is Moving in Favor of Gen Z Bloomberg

• Fed Minutes Show Officials Were in Tight Split Over December Rate Cuts CNBC

• Economist Mark Zandi Sees the Fed Surprising With Three Rate Cuts in First Half of 2026 CNBC

• The Warren Buffet Days at Berkshire Are Officially Over Wall Street Journal

• NYC MetroCard Says Goodbye, But Most Riders Already Have Bloomberg

• Dealmaking Tops $4 Trillion for Only the Third Time Ever Axios

• Mamdani Digs in On Progressive Agenda During Inauguration Bloomberg

• Starbucks Has Decided it Doesn’t Want to Be on Every Street in LA or NYC Anymore CNN

• Tough Job Market Has People Using Dating Apps to Land Interviews Bloomberg

The Deep Insight

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