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New Report Shows Housing Inventory’s Up, Brooklyn Rents Drop (Barely)

(Photo: Daniel Maurer)

(Photo: Daniel Maurer)

NYC real estate firm Douglas Elliman published a report this morning, showing that the development boom in New York City has had a significant impact on the real estate market. According to the report, the available housing stock has increased dramatically over the last year: the listing inventory for rentals in Brooklyn went up by 29.6 and just slightly more in Manhattan that saw a 30.3 percent increase in the last year.

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