Connection
Dear Friends and Family,
Some people assume that real estate, especially luxury transactions, can be soul-less, but real estate isn't about the immaculate living rooms, the outstanding views, or the private amenities. It's about people. Whether you're buying your first house for $100,000 or a trophy penthouse for $100,000,000, real estate is about home. It is an amazing experience to help people find their place in the world, and I am honored to have forged deep connections with so many people in my 35+ years in the business.
Last month, I connected with peers and trusted advisors across North America at the Virtual Buzz Conference in Toronto. In addition to the insightful business tips shared all day, our panel discussed the importance of a strong global real estate network when it comes to supporting clients all over the world.
I joined REALM founder Julie Faupel (Wyoming), and members Richard Silver (Ontario),Petrus Engelbrecht (Ontario), and Jeff Wilson (DC).
This month, tune in as I unpack what makes New York City a global destination for real estate. Join me on season 2 of Location Luxe: The Great Lifestyle Migration produced by DesignTV and Luxe Magazine. This season focuses on the role of technology and working remotely has had in driving a new class of cross-continental home buyers. In my episode, I talk about my passions: New York City, Real Estate, and connecting with people on a human level.
That migration can especially be seen in the luxury market across the country. 2021 was one of the strongest years for luxury real estate on record and Compass was a major player in the trend.
Check out the $10M+ National Ultra-Luxury Report from the Compass Luxury Division which documents the thousands of ultra-luxury transactions that happened last year.
Following multiple scandals including the 2008 financial crisis, the US has moved away from pricing loans based on the London Interbank Offered Rate (LIBOR).
Beginning this year, it was replaced by the Secured Overnight Financing Rate (SOFR), which many experts consider a more accurate and more secure pricing benchmark. Most Adjustable Rate Mortage rates are tied to the LIBOR, making now a good time to talk to your lender about how this change could affect your rate.
Some big changes are also coming to the city following announcements from Governor Hochul. New York City is on track to be more connected than ever.
It started with a commitment to support up to 100,000 passengers daily from East Harlem with the 2nd Avenue extension. Then, in her first State of the State address, Hochul announced a new rapid transit project: The Interborough Express, which will be "a cleaner, greener and more equitable addition to Brooklyn and Queens."
For anyone already in the city, and looking to connect with friends and family this week and next: Welcome to NYC EVERYTHING Week!
The long-heralded NYC Restaurant Week has been expanded and matched by NYC Broadway Week, NYC Must-See Week, and NYC Hotel Week.
Check out all the amazing deals and programs happening until February 13th.
This year, I'm all about connecting with cherished family and friends. If you're looking to be part of the great lifestyle migration at any price point here in New York, or elsewhere, I would be honored to help you find your place in the world.
All the best,
Toni Haber
Licensed Associate Real Estate Broker
Founder, Toni Haber Team | Private Client Advisors
TONI@compass.com | 917.543.1999
