NYC Apartment Agent

New York real estate + beyond

Does Report On Rentals & Sales Suggest a Bubble?

with 2 comments

A view of the Manhattan skyline by Bruno J. Navarro.

A view of the Manhattan skyline.

NEW YORK — A unique trend is emerging in housing prices and rentals, according to a report from Zillow that has not yet been released.

“While it seems that rents are rising at the expense of home values, the opposite is true. A thriving rental market will stimulate home sales, as investors snap up low-priced inventory to convert to rentals. That, in turn, will lower the number of homes on the market, which will eventually help put a floor under the value of all homes,” says Zillow chief economist Stan Humphries.

via New Rent Report Suggests Possible Bubble – CNBC.

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Written by Bruno

2012.03.12 at 14:40

2 Responses

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  1. […] over the past several months, the average rent in Manhattan hit a record $3,418 — surpassing the previous high, set in […]

  2. […] over the past several months, the average rent in Manhattan hit a record $3,418 — surpassing the previous high, set in […]


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