Posted 9/9/2023, 5:30:00 AM

NYC Apartment Hunting a Dismal Endeavor Amid Cutthroat Rental Market

New York City apartment rental market is very competitive right now
The fictional "Shaina Mishkin Index" shows sentiment at near record lows
Real data suggests the rental landscape in NYC is brutal
Finding an affordable apartment in a desirable area is extremely difficult
The author is questioning whether to continue trying to find an apartment in NYC

barrons.com

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10/3/2023

Manhattan Luxury Apartment Prices Surge as Broader Market Slows

A shortage of luxury apartments in Manhattan is driving up prices at the top of the market, with the supply of luxury apartments dropping 24% and prices remaining strong, as high-end buyers are less affected by rising mortgage rates and take advantage of attractive prices during a lack of new development sales.