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New York City Rent Hits Record High as Renters Face a Squeeze From Both Sides
Source: PR Newswire
Housing & Real EstateInterest Rates & Yields
New York City's median asking rent reached $3,785, up 4.5% year over year. Buying a typical home costs nearly $7,000 more per month than renting, while mortgage rates are above 7%, highlighting worsening housing affordability.
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