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Manhattan rents are falling, while asking prices in one borough are skyrocketing
The median asking rent in Manhattan for Feb. 2024 fell nearly 5% over the past year, with five neighborhoods in particular fueling the dip — but that drop isn’t being felt in other boroughs, according to a report.
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Self-made millionaire says choosing to rent instead of buying a home is ‘one of the best financial decisions I ever made'
Renting a home can be a smart financial move, especially with surging home prices driving up homeownership costs in the last few years.
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NYC rent drops for third straight month: Report
Rent is down in NYC for the third straight month. News 4’s Andrew Siff reports.
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NYC was not the worst city for renters in US, but another tri-state city was: Study
A new report ranks the worst cities for renters in the U.S., and shockingly New York City wasn’t tops on the list — but another tri-state city was.
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Pandemic aid officials who overpaid vulnerable renters are saying, ‘We messed up, pay us back'
State and local agencies that distributed federal aid to renters facing eviction during the pandemic are now scrambling to claw back millions of dollars in overpayments.
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UC Berkeley student commutes from LA by plane to avoid rent. Here's a typical day
Bill flew to class from LA so he could avoid paying rent in the Bay Area and because he loves transportation
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NYC approves rent increase for millions living in rent-stabilized apartments
Millions of renting New Yorkers will have to pay more each month after a controversial increase was voted through by a New York City board on Wednesday night. In a 5-4 vote, the Rent Guidelines Board pushed through a 3% raise for one-year leases for people living in rent-stabilized units. The board also upped two-year leases by 2.75% for the…
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NYC tenants fight back against proposed rent increase
The pushback continues against a rent hike for millions of New Yorkers just two weeks before the final vote on an up to 5% increase on one-year leases. News 4’s Ida Siegal reports.
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Rent Prices Hit New Record High Prices Across These NYC Boroughs
If you’re on the hunt for a new rental in the Big Apple, now might not be the best time to make the move.
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Board Gives Preliminary Approval for Rent Hike for Rent-Stabilized NYC Apartments
A rent hike is now one step closer to reality for millions of New Yorkers living in rent-stabilized apartments. A board approved increases during a heated meeting of the Rent Guidelines Board. NBC New York’s Ida Siegal reports.
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First Vote to Raise Rents on 1 Million Units in NYC
The board is debating on raising rents which could affect nearly one million apartments across the city. Ida Siegal reports.
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Rents May Go Up for 1 Million NYC Apartments — Here's By How Much
A New York City board has greenlighted a rent increase for roughly a million rent-stabilized apartments in the city — and while it’s not the previously proposed 16% increase that some deemed to be “cold-blooded,” it was still enough draw fiery responses from tenants. Although a definitive decision will not be made until later in June, on Tuesday the nine-person…
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Rent Guidelines Board Holds Preliminary Vote
Tracie Strahan reporting on rent guidelines board holds preliminary vote
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New Tool Lets You See How Much You're Over (or Under) Paying in NYC Apartment Rent
Hey, New Yorkers! Are you overpaying for rent? A new tool now lets you find out. Even better? It shows you in real-time. RentHop, an open listing-friendly platform, recently launched RentHop RentCompare to allow renters in the Big Apple to find out if they’re overpaying or underpaying for rent based on a specific neighborhood and bedroom size. This will allow...
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Outcry Mounts as NYC Board Looks Into Possible Rent Hikes of Nearly 16%
The outcry against reports of possible rent hikes for rent-stabilized apartments has been swift despite no such action taking place — as of yet. Rent in New York City is one of the highest in the country, and now the proposal seeks to increase the rental price of rent-stabilized apartments by 15.75% for 2-year leases, the New York Times reports….
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Here's How Much You Need to Make to Land Apartments in Hottest NYC Neighborhoods
Renters be warned: competition in the New York City market is red-hot again (if it even went down) as the spring inventory fails to keep up with demand. A new report out Monday from rental listing platform StreetEasy found Brooklyn to be the most competitive borough among renters. Average listings received nearly 100% more inquiries last month compared with listings…
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NYC Tenants Rally Over Potential 50 Percent Rent Hike
Tenants in Kips Bay held a rally to voice their frustration over a potential 50% rent hike. Rana Novini reports.
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Where Have Rent Prices Spiked the Most? It's Not NYC, But Jersey City
New York City may still have the most expensive apartments in the tri-state, but where have prices gone up the most recently? You have to look across the Hudson River for that one.
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NYC Lottery Offers Brooklyn Apartments Rent-Free: See If You Qualify
An affordable housing lottery in Brooklyn is aimed at senior citizens who may be eligible for one-bedroom or studio apartments with rent as low as $0 — here’s who qualifies for the Sunset Ridge Senior Apartments in Sunset Park