The question everyone's asking: When will NYC rents go down?

… to the highest bidder Hunting for a New York City rental is an exquisite form of agony these days  A year ago bidding … now  Rising mortgage rates are making it more expensive to buy and slowing down the sales market as a … says As the cost of borrowing rises so does the cost of buying That means people who might have left their rentals …

By Emily Myers |August 23, 2022 - 9:30AM
The average rent for a Manhattan apartment keeps climbing above $5,000. What happens when demand falls?

… to sign a new lease in Manhattan If youre renting the averagepriced apartment you and your roommates if you have them better be … want tenants who earn annual salaries of 40 times the monthly rent making getting a new apartment in NYC a …

By Jennifer White Karp |August 11, 2022 - 9:30AM
Average rent for a Manhattan apartment passes $5,000 for the first time

… us they want to just wait Both doorman a proxy for luxury apartments and nondoorman net effective rents in Manhattan reached new highs and one in four luxury leases involved a bidding war  according to the … from May to June and in that regard the market is behaving seasonally the Corcoran report says But the number of active …

By Jennifer White Karp |July 14, 2022 - 9:30AM