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Manhattan Apartment Rents Climb To Summer Highs As Mortgage Rates Top 7%
Manhattan Apartment Rents Climb To Summer Highs As Mortgage Rates Top 7% Prospective homebuyers in Manhattan were sidelined last month as the rate on a 30-year mortgage topped 7%. As a result, rents in the borough rose to three-month highs due to sliding housing affordability. Bloomberg cited new data from brokerage Douglas Elliman Real Estate and appraiser Miller Samuel that showed the median Manhattan apartment rent climbed 2.4% from a year earlier to $4,295. This was the first a
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