LandlordsNY Briefing for October 11th

Due to our coverage of an event this morning, today's briefing will be shorter than normal.

The yield on 10-year United States Treasury bonds reached a seven-year high this week of 3.25 percent. [New York Times]

U.S. markets, which saw significant selloffs yesterday, are expected to have another difficult day. [Wall Street Journal]

Markets across Asia and Europe saw selloffs today. [Financial Times]

Home prices in Brooklyn and Queens have hit record highs. [Crain's New York]

The median sale price for a home in the Buffalo Niagara region has increased by 7 percent in the past year, to $160,000. [Buffalo News]

The Justice Department approved a $69 billion merger between CVS and Aetna, the third-largest health insurance company in the U.S. [Washington Post]

At least 2 are dead and 500,000 are without power after Hurricane Michael, a Category 4 storm, hit the Florida Panhandle yesterday. [USA Today]

The four candidates for New York State Comptroller engaged in their first debate earlier this week. [Gotham Gazette]

The Metropolitan Transportation Authority launched the nation's first "transit tech lab" yesterday to find high-tech solutions to fix the subway and bus systems' woes. [6sqft]

A penthouse apartment under construction at Quay Tower is in contract for over $22 million, which, if the deal goes through, would be the most expensive home ever sold in Brooklyn. [Brooklyn Eagle]

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