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…
Apartmentlist: Rent Drops Just Ahead? Apartmentlist, one of the leading apartments-for-rent portals online has just released their rental marketing report for October. The report shows rents dropped again last month part of a 3-month decline. The US median rent dropped by 0.7% to $1,354, and is down 1.2% YoY. It's primarily a seasonal drop, however…
Corporate Landlords Selling Properties? The big news in 2023 was about corporate landlords and billion dollar-sized investment firms buying up rental houses and condos. Fast forward to late 2023, and there are signs these mega-sized firms are selling off some multifamily properties due to high financing costs and a rental market that is cooling. After…
Buying Rental Property The real estate market has yet to hit its peak. And the rental property market may have even better underlying fundamentals — supporting rising home prices and higher rent prices for tenants. Those Fundamentals Are: very high home/apartment prices high employment rates higher wages better jobs coming low mortgage rates young buyers…
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