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market reports
8 NYC neighborhoods where median rents are lower than a year ago
… If youre hunting for a new rental in New York City youre undoubtedly encountering shockingly high rents Median rents for new leases are rising month after … the city down 88 percent from a year ago wrote Kenny Lee StreetEasy economist and author of a new NYC sales and …
Lease signings fell in August as lower mortgage rates draw buyers out of the rental market
… Rents for new leases in New York City surged again last month even as demand for new rentals droppeda sign that some renters are making a move into the sales market thanks to lower mortgage rates Manhattan median rent in August was higher yearoveryear but …
Manhattan median rent hit $4,700 in July, the fifth record in six months
… Each month rents for new leases in New York City are setting new annual … coming close to new records reflecting a highly competitive rental market In Manhattan median rent rose to a new high for the fifth time …
Manhattan median rent rose to $4,625 in June for another record-breaking month
… June was another recordbreaking month for the New York City rental market underscoring the pain felt by renters signing new leases Manhattan median rent rose to a new high for the fourth time …
More millionaires opt to rent in NYC instead of buy
… millionaires are increasingly choosing to rent instead of buy A new report from RentCafe finds that millionaire renter … higher borrowing costs … A rise in mortgage rates after the Federal Reserve began a series of interest rate increases to … a role in spurring NYC millionaires to rent instead of buy When rates jumped from around 3 percent to over 7 …