Jonathan Miller's latest Manhattan rental report shows Q4 rental prices jumping 9.5% Y/Y. While...

|By:, SA News Editor

Jonathan Miller's latest Manhattan rental report shows Q4 rental prices jumping 9.5% Y/Y. While this might typically be a sign of a rapidly improving economy, Miller posits the move has more to do with tight credit. Housing affordability may be high, "but many need an arm and a leg to get financing."