StreetEasy

As?industry standards evolve?and buyers ask new questions about what it means to work with an agent, it’s more important than ever to effectively communicate your value.

Key takeaways from our NYC rental market report covering October 2024: ?? As competition among renters cools, 1 in 5 rentals in NYC offered at least one month of free rent as concessions in October — the highest since July 2021. ??? Rental inventory is rising in Queens and Brooklyn, but inventory is declining in Manhattan from a year ago. ??? The share of amenity-rich rentals hit a record 19%, with significant increases in Brooklyn and the Bronx. Read the full report: https://lnkd.in/euhvD3vK

As competition among renters cools, 1 in 5 rentals in NYC offered at least one month of free rent as concessions in October — the highest since July 2021. Find out more in our latest rental market report covering October 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

The changes proposed in the FARE Act would make the NYC housing market more transparent, affordable, and efficient for renters, agents, and landlords. By lowering the upfront costs of moving – which have reached a record $12,951 on average in New York – we can open doors for tens of thousands of renters who are unable to move, while ensuring agents are paid fairly for their valuable work. Increasing renter mobility unlocks inventory for all industry participants. Hear more from StreetEasy General Manager and Zillow VP Caroline Burton?on why changing the way broker fees are paid would be a good thing for New York City.

Nearly three in five (58.2%) adult Gen Z renters (ages 18 to 25) in the United States spend more than 30% of their income on housing costs and are considered rent-burdened. Find out which US metro areas have the most rent-burdened Gen Z-ers — where NYC falls on the list may surprise you! — and see a breakdown by the five boroughs. Read the full StreetEasy report: https://lnkd.in/gRkGcZvY

What policy measures do NYC rental agents believe would most improve the city's housing affordability crisis? The top?responses are below. Find out more in our full report?on how the housing shortage is impacting NYC agents, and the ways StreetEasy is advocating for industry change that supports agents, renters, and landlords: https://lnkd.in/epxim2DE

Not too hot, not too cold: a Goldilocks moment for the NYC sales market is here. Read more in our latest market report covering September 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

A recent StreetEasy survey sheds light on just how much NYC’s housing shortage is impacting rental agents — and what might help solve it. Find out what agents believe are the top three measures that would help improve the affordability crisis.

At StreetEasy, we firmly believe in practices that encourage a level playing field and enable every buyer and renter to access all homes on the market. Private listing networks threaten to push our industry backwards — putting buyers, renters, and agents who aren’t on the inside at a disadvantage, and driving sellers to leave money on the table.

While buyer’s agreements may seem like an additional hurdle to landing clients, we believe introducing one early on is an opportunity to promote transparency and build much-needed rapport. In this article, we share our best tips for discussing buyer’s agreements with potential clients so you can win their business— and their trust ????