All articles tagged with #manhattan rents
Manhattan’s average rent hit a record $6,655 in July, with studios at $4,088, one-bedrooms at $5,486, two-bedrooms at $8,054 and three-bedrooms at $12,228, as a near-record-low 1.49% rental vacancy and strong demand keep prices climbing; Brooklyn rents are also at highs, and analysts say the rise could persist into fall amid housing-policy debates like the FARE Act and rent stabilization.
Weekly jobless claims in the US fell to 242,000, below economists' expectations, while continuing claims ticked down to 1.799 million. Treasury Secretary Janet Yellen is set to meet with bank CEOs to discuss the debt ceiling, which is causing alarm and frustration in Washington. Manhattan rents hit a record high for the second month in a row, with the median cost of renting an apartment at $4,241 in April. The Senate Banking Committee will grill federal regulators over bank failures. Stocks closed higher amid hopes of a debt ceiling deal and confidence in the banking sector.