Key takeaways from our NYC rental market report for June 2024: 💸 Affordability challenges, including high upfront costs and rising rents, are dampening renter demand in NYC. 🏙 Due to low vacancy rates, the Manhattan rental market is in a holding pattern with steady asking rents and concessions. 🏗 New developments are driving rental inventory growth in NYC, with the Bronx leading the city in both affordable and market-rate rental supply. Read the full report: https://lnkd.in/eqgTqX-k
StreetEasy
Technology, Information and Internet
New York, NY 5,760 followers
New York City's leading real estate marketplace.
About us
StreetEasy is reimagining the way people buy, sell, and rent homes across New York City and New Jersey. Used more than any other local real estate platform, StreetEasy’s website and mobile apps provide vetted and verified listings, plus intuitive search tools and data-driven guides to help people unlock the opportunity of living here. Launched in 2006 and based in NoMad, Manhattan, StreetEasy is owned and operated by Zillow Group (NASDAQ: Z and ZG) and is a registered trademark of Zillow, Inc.
- Website
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http://streeteasy.com
External link for StreetEasy
- Industry
- Technology, Information and Internet
- Company size
- 51-200 employees
- Headquarters
- New York, NY
- Type
- Public Company
- Founded
- 2005
- Specialties
- NYC online real estate listings, Real estate data, Technology, and Real estate advice
Locations
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Primary
130 5th Avenue
New York, NY 10011, US
Employees at StreetEasy
Updates
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Gradually rising inventory is easing competition in the NYC rental market and contributing to a recent slowdown in rent growth. Soaring rents and upfront costs, however, have made it more challenging to afford an apartment in the city. Read more in our latest rental market report covering June 2024. Featuring monthly trends, insights, and analysis from StreetEasy Senior Economist Kenny Lee, our Market Report newsletter is your always-free resource for NYC housing market updates — whether you're a renter, buyer, seller, or agent 📰 Subscribe here: https://lnkd.in/gVCCBAu6
Elevated Rents and Upfront Costs Are Weighing on Rental Demand
StreetEasy on LinkedIn
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What does a buyer's agent help their client understand about the process of buying a home in New York City? As part of a fireside chat at our recent seminar for first-time NYC home buyers, agents and StreetEasy Experts Christopher Kromer (Brown Harris Stevens) and McKenzie Ryan (Douglas Elliman) chatted with Carlo Romero, our Senior Partner Engagement Manager, about how a buyer's agent can help you find and purchase the home of your dreams.
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On June 25th, StreetEasy’s Ad Partnerships team hosted a special evening at Cathedrale Restaurant dedicated to some of our esteemed landlord partners. This event was an opportunity to express our gratitude for their partnership, featuring cocktails, dinner, and networking. Thank you to all our partners who joined us for a memorable evening. Your partnership is invaluable to us and essential in our mission to help New Yorkers find their way home 🏙🗽 Our Ad Partnerships team is committed to supporting landlords, developers, marketing companies, agencies, and industry partners by providing tailored solutions to enhance their buildings' visibility on our platform. To learn more about our solutions, visit: https://lnkd.in/gWJJRWPr
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How can buyers find an agent to help with their home purchase? During a fireside chat at our recent seminar for first-time NYC home buyers, agents McKenzie Ryan (Douglas Elliman) and Christopher Kromer (Brown Harris Stevens) spoke with Carlo Romero, our Senior Partner Engagement Manager, about the StreetEasy Experts program and how it connects buyers with the best agent for their needs.
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June is National Homeownership Month 📅🏡🔑 Check out LinkedIn News' roundup of real estate and finance experts sharing their insights on buying and owning a home, including StreetEasy Senior Economist Kenny Lee's three tips for current home shoppers. Thank you Devin Banerjee for the feature!
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What is a buyer's agent? "I think the short answer is: what *isn't* a buyer's agent." –Christopher Kromer At our recent seminar for first-time home buyers in NYC, agents and StreetEasy Experts McKenzie Ryan (Douglas Elliman) and Christopher Kromer (Brown Harris Stevens) spoke with Carlo Romero, our Senior Partner Engagement Manager, about the value of using a buyer's agent when purchasing a home in the city.
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Will interest rates ever go back down? When will that happen? How can I decide between renting and buying? What are the best NYC neighborhoods for buyers right now? These are just a few of the insightful questions asked by attendees of our recent First-Time Home Buyers 101 seminar in NYC 💭💡 Hear thoughtful answers from Kenny Lee, StreetEasy Senior Economist, to these questions and others asked during the Q&A portion of his State of the Market talk.
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Key takeaways from our NYC sales market report for May 2024: 📈 New for-sale listings rose 1.4% year-over-year, indicating NYC sellers are adjusting to elevated mortgage rates. 🏡 In-contract homes increased 1.2% annually to 10,153 — the first annual increase since 2022. 🏙 Asking prices in Manhattan stagnated while continuing to climb in the outer boroughs, signaling buyers retain the greatest negotiating power in Manhattan. Read the full report: https://lnkd.in/eq-PbNpX
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May's experts deserve a round of applause! Here's to all the amazing experts who crushed it this month! 👏 🎉 Jeffrey Stockwell, Brown Harris Stevens Sarah Silva, Compass Josh Rubin, Douglas Elliman Real Estate Joseph Chaplin, Douglas Elliman Real Estate Christopher Butt, The Corcoran Group Eli Glaz, Compass Keri Kutansky, The Corcoran Group Issy Leiter, SERHANT. Dawa Tashi, Casa Blanca Chris Palmer, Compass
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