Rent rises in Manhattan, bolstering occupancy rate

According to a recent report from Prudential Douglas Elliman, the Manhattan rental market continued to make great strides during the fourth quarter, which could make investing in a home for sale in New York City a safe bet. The report showed that rental prices during the fourth quarter increased by 9.5 percent on a year-over-year … Read more

Housing markets in NYC outer-boroughs outperform Manhattan

The outer-boroughs of New York City recorded the best housing market performance during the fourth quarter of 2011, The Wall Street Journal reports. According to the newspaper, despite a decline in home sales all across the Big Apple during the quarter, the median price of homes in the Bronx and Brooklyn edged higher as prices … Read more

Rent, occupancy rates increase in Big Apple

According to RentJuice Corporation, rental prices in New York City increased during the fourth quarter of 2011, which could prompt a spike in home sales. The report indicated that monthly rent rose from $3,267 in the third quarter to $3,299 in the fourth quarter – a 1 percent change. However, even though the increase was … Read more