Rental market softening?

I thikn you're getting a break because you're off cycle right now. Most of my friends are reporting a rent increase so if you see a good deal, I would probably grab it.

Rents will be down 45% by June. My advice would be to hold off renting until May/June.

lmao! may/june is the high season for renting. you have a bunch of college kids running around trying to rent and newcomers for work, etc... try a rent hike of 5-15%

i think #3 was poking fun of the renters who constantly say housing prices are going to fall 50%

You are comparing June to March! June through August is peak rental season. I've always gotten a great deal by signing leases in January or February.

I have spoken to several rental agents and they have all said the rental market is not as strong as last year. I do beleive it has to do with more developments and more investors buying into these new developments for the purpose of renting them. Seems like everyone is trying to get on the bandwagon. I do beleive the market will get stonger from June to September but I don't beleive it will be as strong as last year. I of course can be wrong on this forcast.

not *as strong* as last year (+10-20%), but still some rent increases probably. Who knows... with the amount of talk here that its a bad time to buy, my guess is that the increases will be as high as last year. Its not like stocks where u can go in and out at will. Where will you live? Moving costs, broker fees, time, etc.

Interesting but I heard same. I guess the true acid test will be June to September. I have to assume the market will be a bit softer just because the number of condo that were built this year. On the other hand condo conversions tighten the rental market. i would have to assume though there are more units on the market due to new condo development than condo conversion. One example is 200 chambers street.(www.streeteasy.com/nyc/building/200-chambers-street-manhattan) There were very slim pickings in Tribeca prior to 200 chambers street now everyone practically who bouht 1 bedrooms in that building has a for rent sign up.