2025 NYC real estate forecast: Buyers and sellers tango, renters hold their breath

… law could lead to higher rents The FARE Act introduced by City Council member Chi Ossé requires owners to pay their brokers … rate will spend most of the year in the sixes with a shortlived spike above 7 percent but never getting below 6 …

By Jennifer White Karp |January 2, 2025 - 12:30PM