Latest news with #apartmenthunting
Bloomberg
10-07-2025
- Business
- Bloomberg
Manhattan Rents Hit Another Record With More Increases to Come
Manhattan rents hit a record high for the fourth time in the past five months — and there's no relief in sight for apartment hunters in the market's busiest season. The median rent on new leases signed in June was $4,625, up 7.6% from a year earlier and $54 more than the previous month, according to appraiser Miller Samuel Inc. and brokerage Douglas Elliman.
Wall Street Journal
24-06-2025
- Entertainment
- Wall Street Journal
New York's Housing Crisis Is So Bad That a Socialist Might Become Mayor
Amara Mayo's search for an affordable apartment in New York City is becoming more like a pageant contest than typical house hunting. The 23-year-old paralegal carefully curated photos of herself to post in Facebook housing groups, where hundreds of thousands of other 20-somethings are vying for leases.
News.com.au
15-06-2025
- Business
- News.com.au
See the hidden shortcuts to winning the apartment race
At 25 years old, pharmacist Amelia Wootten managed to secure an apartment of her own – but with an increasingly competitive market and rising prices, it took a little help to get one she could afford. Having moved back to Brisbane in 2024 after several years in Rockhampton, Ms Wootten said she was eager to find a home without the constant presence of housemates or family. But when she started to look for apartments, she found she was competing with too many people to find an affordable home in an area close to her job. 'There was a super original place in Nundah, and that had, I reckon, 40 or 50 people going through it,' she said. 'It felt very disheartening, I think, for a young buyer to be looking at how many people were going through and going, 'I'm just not going to get anything'.' Ms Wootten's search came as apartment price growth across Brisbane was found to vastly outpace that of houses, according to research from Nuestar and Hotspotting. The research found 76.3 per cent of apartments across the city were showing stronger growth than houses over the 12 months preceding June. 'I think that with the rate going down and everything, it got a little bit more competitive,' Ms Wootten said. 'I think there's a lot more people looking for apartments rather than houses.' 'A lot of the [Rockhampton] houses were priced at what apartments would be here … what you're getting for 500k is a lot more, but obviously it's living in a regional area.' Place New Farm agent Karen McBryde, who was able to find Ms Wootten a Stafford apartment off the plan, said she could see the gap between house and unit prices in the suburb 'already closing'. 'Amelia paid $500,000 for a one-bedroom unit,' she said. 'An entry level, very basic post-war house in the area is a minimum of about $900,000. So even just that comparison alone, it appears to me like a one-bedroom unit is fairly unaffordable still.' 'My biggest piece of advice would be to communicate with the agents that you're dealing with, so that you can find what options are available,' she said. 'When you make an inquiry, do include your phone and your email address in your inquiry. Make sure you're providing the agent the information to send you back any listings that they have.' Ms Wootten said communicating with agents and family, and getting the chance for private opportunities, was what finally allowed her to get the unit she dreamt of having. 'It's helpful having people around you that have done it, or that know what they're doing,' she said.
Bloomberg
11-06-2025
- Business
- Bloomberg
NYC Renters Ditch Dreaded ‘$10,000 Bill' But Brace for Price Hike
New York apartment hunters woke up on Wednesday to a market that will no longer force them to pay the fees charged by their landlords' real estate agents. A new city law eliminates an upfront moving expense that added thousands of dollars to the costs of signing a new lease for many New Yorkers, hampering their ability to relocate. But there may be a catch: Landlords are determined find other ways to get tenants to shoulder the fees, including rolling them into the rent.
Wall Street Journal
11-06-2025
- Business
- Wall Street Journal
NYC Just Banned Broker Fees on Tenants. Landlords Are Already Jacking Up Rents.
New York City apartment hunters are waking up to some of the steepest overnight rent surges in the city's recent history. Lots of renters are celebrating.
