Should We Be Buying or Renting in Manhattan?
February 25, 2016Average rental prices climbed for the 23rd consecutive month to $4,073. Average Condo prices in NYC are now around $2,662,100; while average prices reach $1.15 million. Buying is a better option for higher income earners, while rentals are a...
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Is the Best Renter's Market to Come in 2016?
January 13, 2016On December 10th of 2016, the AM New York newspaper cover story suggested that 2016 may be the best year for Manhattan renters since 2009. But what does that really mean? There are several factors that go into a positive renter’s market, but the one highlighted by this article was that vacancy rates continue to increase. Quoting data from Citi Habitats, the overall...
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