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MarketWatch: Weekly Real Estate Update for Riverdale, Bronx – 6/19/2023 – 6/26/2023

Let’s see what the market’s doing this week in the Riverdale area of the Bronx.

Did You Know?

COMPASS has just announced an exciting new INTERNATIONAL referral program with BARNES International Realty. BARNES is one of the leaders in high-end luxury real estate and has a global presence with 130 offices across 20 countries and 75 major cities. This program will empower Compass agents with access to an extensive network of luxury clientele and properties around the world, including major destination cities like Paris, Geneva, London and Dubai. BARNES in turn, will help to connect their international clients looking to buy and sell property in the U.S. with COMPASS agents. A win-win for everyone involved!! Special shoutout to COMPASS agents Sebastien Courret, Daniel Brewer, and Suzanne DesMarais for helping to foster this relationship!

MICE — meetings, incentives, conferences, exhibitions – are an invaluable source of tourism to many cities around the globe. What facilities does your area have for meetings, conferences, trade fairs, and exhibitions?  Recently the Javits Center in New York completed an expansion – now 3.3 million square feet – to remain competitive in attracting huge events that are drawn to Chicago, Orlando and Las Vegas. for their huge convention centers……Hanover, Shanghai, and Frankfurt are global leaders.

What happens in Manhattan STAYS in Manhattan? Possibly……three major players are bidding to build a massive casino in the middle of New York City to drive tourism…..and tax dollars!

For the second year running, the Austrian capital Vienna took the title of world’s most liveable city, based on a wide range of indicators, followed by Copenhagen. Sydney and Melbourne both jumped, to claim the third and fourth spots. (Bloomberg)

DEVELOPERS AND CODING TOOLS- According to a survey of 500 engineers, software developers are embracing AI coding tools with open arms. 92% of U.S.-based developers are putting these tools to use. More than 4 out of 5 developers credit AI tools with boosting team collaboration. Moreover, 70% of developers note improvements in code quality, completion time, and problem-solving capabilities. (AI DAILY BRIEF, Rich Hoppen)

Courtesy of Stephen Lascher, Wells Fargo