New York City Rental Prices New York City, NY is recovering from the Covid pandemic only to meet with new challenges for its rental market. Vacancy rates in each of its 3 main Burroughs are extremely low while rent prices are recovering. As this graphic courtesy of Zillow shows, rent prices in metro New York…
Property Management News Let's take a quick look at the latest stats and stories in the rental property sector. Is the Multifamily Apartment Glut Already Over? Rent prices have been impacted by a large release of new construction at the same time as the economy is cooling. Some expect a mild recession but would that…
New Jersey Residential Real Estate Market 2023 New reports show New Jersey may be the leading rental market in the USA for price and demand. NJ's proximity to metro NYC and Philadelphia elevates the interest in its residential real estate stock, and consequently for available rental housing in its many small to medium-sized cities. Are…
Will Rent Prices Go Down in 2023? Renters are wondering whether rent prices will fall or rise in 2023. So far, this fall season, according to 3 major sources (Realtor, Zumper, Redfin) rent growth is decelerating. Here, we look into whether that decline can continue. However, there are a number of factors that make the…
College Town Landlords Facing Challenges Back in March, at the beginning of the Corona Virus pandemic, people had high hopes for a Covid 19 vaccine, and that it would come soon to eradicate the deadly disease. And as summer passed, we believed good hygiene and social distancing demands would work, but they haven't. As we…
New York Rental Vacancies Climbing Faster Summer rental vacancy rates typically climb, yet in this scorching hot summer of 2020, vacancies in New York City are rising at a rate that is concerning to small and mid-sized landlords. In New York and Manhattan the rising vacancy rate, rent default rate, and tenant employment situation may…
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