New York Renters Experience Relief from Record High Prices

Recent data from New York's real estate market shows a slight decrease in apartment rental prices, offering much-needed relief to renters suffering from historically high rates. This decline follows several months of sharp increases in rental prices, raising concerns among many city residents. Over the last month, the average cost of a one-bedroom apartment in New York fell by 1.7%, reaching $3,800 per month, signaling a potential turning point in the market.

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