New York Habitat's 1st Half of 2008 Furnished Apartment Market Report Released for New York City
New York, NY (PRWEB) November 26, 2008 -- New York Habitat (www.nyhabitat.com) releases its 2008 1st half Furnished Apartment Rental Market Report. This market report covers furnished rentals, vacation rentals and roommate share real estate markets in New York City. The results detail the state of the Furnished Rentals market as of July 1st 2008, analyses changes to the market and looks to predict future activity in the market. This report is especially significant because of the changing market conditions in New York and around the world.
The report details the conditions of the market in the 1st half of 2008 which remained a strong period for furnished rentals especially in the vacation rentals market which saw one of the largest increases in the number of completed rentals during New York Habitat's 19 years in business. Furthermore, the roommate share rentals market remained especially strong as peopled opted for less expensive offerings over the long term. To read all of the details of the report visit New York Habitat's page on Furnished Apartment Market Reports (http://www.nyhabitat.com/new-york-furnished-apartment-market-reports.html).
For additional perspective on the market, market report creator Brian Lowenberg says, "The 1st half of 2008 continued to show strong growth even with the American economy slowing down. The weak U.S. dollar helped continue to drive business in the spring and summer." He goes on to say that, "Though the 1st half of the year was quite strong with the continued weakness in the economy, a correction in prices could be possible in the 2nd half of 2008." Visit the New York Apartment Search (http://www.nyhabitat.com/new-york-apartment.html) to view all apartment listings in New York.
The report is comprised of three sections which cover New York Habitat's primary business segments:
• Vacation rental accommodations (from 3 to 30 days)
• Furnished apartment rentals (from 1 month to indefinitely)
• Roommate share accommodations (from two weeks to indefinitely)
In each section of the report, trends dealing with pricing, neighborhoods, size of apartments rented and length of rentals are analyzed. The data is compared data from the 1st half of 2006 and 2007 as well. Additional data can be found in the 1st half and full year reports from 2007.
We have provided a sample graph which includes the average price of roommate share accommodations in the 1st half of 2006, 2007 and 2008. Similar graphs can be found throughout the report that details various measures of the market.
New York Habitat expects to release the full year 2008 results in the 1st quarter of 2009 so make certain to check back then for the latest New York market update. The goal is to provide timely information to apartment owners, renters, vacationers and others interested in the New York Real Estate market. After over 19 years in the market, we intend to be your most trusted source for furnished apartment market news.
New York Habitat is a fully licensed residential real estate agency with 19 years experience in the furnished rental market in New York. The company also offers furnished accommodations in Paris, London and the South of France. The company's expertise is in serving the needs of clientele from around the world via offices on two continents and a team of experienced multilingual agents. New York Habitat strives to offer the best selection of apartment rentals in the market and offers thousands of accommodation options.
If you have any questions about the report or need more information regarding any of the data or analysis, feel free to contact the New York Habitat Market Report Team. To view previous reports visit the Furnished Apartment Rental Market website of New York Habitat (http://www.nyhabitat.com/new-york-furnished-apartment-market-reports.html). Also, for more information on real estate markets in all of New York Habitat's cities as well as neighborhood guides, visit The New York Habitat Blog (www.nyhabitat.com/blog) for the most up-to-date news.
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This press release has been reprinted from PRWEB per the terms and conditions of the copyright notice.
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