When rents will drop, how buyers can get a deal, & more

By Austin Havens-Bowen| July 8, 2022 - 1:30PM

Austin Havens-Bowen for Brick Underground/Flickr

This week readers visited Brick Underground to get a grasp on what it will take for rents to drop in New York City, where renters are currently facing skyrocketing rents and bidding wars. When will they catch a break? It would take “a sustained lack of demand" and more inventory, according to the experts.

Also of interest: NYC's sales market is expected to be even slower than usual this summer. Brick spoke to brokers about the types of deals on which buyers can negotiate a discount.

Here are this week's top five posts:

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

2) How buyers can take advantage of the summer sales slowdown

3) The 12 best sites for finding a roommate

4) What are the pros and cons of the new 40-year mortgage option?

5) I was asked to pay a huge broker fee for a NYC rent-stabilized apartment. Are there any limits on what agents can charge?

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When rents will drop, how buyers can get a deal, & more

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