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Signs Of A Rebound? Renters Are Coming Back

Signs Of A Rebound? Renters Are Coming Back

After months of record vacancies, the rental market in New York City is beginning to show signs of a rebound, though discounts still abound. In Manhattan, more leases were signed last month than during any December in over a decade, boosting the median rental price by 1.3% compared to November. Vacancies, in turn, have dropped from a record high of 6.14% in November to 5.52%. The findings, published...

The flight to the suburbs is real and growing

The Flight to the Suburbs is Real and Growing

As the real estate market began to recover in May, home searches in suburban zip codes jumped 13%, according to realtor.com, one of the largest real estate listing websites. That doubled the pace of growth in urban areas. More than half of the nation’s 100 largest metropolitan areas are seeing increased interest in the suburbs. If millennials once piled into the cities, fueling...

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