Studios are in short supply as many have been gobbled up neighboring apartments. If you can only afford a studio, just move to Wburg, Jersey City, other similar locations which offer better value unless you can find a stuy town type of deal. Moving to Jersey City, Hoboken may save you some city taxes too.

I don't know about studios, but 1 BR apts are not as highly priced as they were a year ago no matter what realtors keep telling you. We have been looking for about 1 1/2 years and we are delighted to see better prices and interest rates. Especially, good prices in the UES. We were looking at the beggining at 1 br, now with the lower prices we can move up to a jr 4.

Studios are what's left over when they carve up a building. Least interesting part of the real estate market. Last to go up , first to go down.