Rents Increase Slightly

After 4 months of lockdown and shut-down, the economy is slowly reopening, but the movement of individuals is slow to catch up. The pandemic clearly impaired people’s ability to view rentals, buy properties and move around safely. The once red-hot momentum of...

Empty Manhattan Apartments Hit Record Levels

According to reports published, New York City rentals experience worst June in more than a decade amid the COVID-19 crisis. Over 10,000 apartments were listed as available in June according to a report on CNBC. This represents an increase of 85% over June 2019, based...

Rent Trajectories Slow Down

As compared to the average price for homes on a year-over-year basis, rental prices have not kept pace with the same momentum. Over the last 12 months rents for single-family homes grew by only 2.4% year-over-year in April. This metric is the result of CoreLogic...

The COVID-19 Impact on Rentals

The impact from social distancing and the COVID-19 pandemic in general is being felt on rentals, especially in areas of high density. In some areas of New York City, the spread of this disease has effectively outlawed in-person home showings.  Some results are being...