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New York City Furnished Apartment Market Report - 1st Half 2008

IV. Market Summary

After looking at all of the data in the New York furnished apartment market reports for the 1st half of 2008, we have seen several important trends:

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    New York has remained popular even though economic conditions around the world have changed over the past 6 months.

    • o

      Prices are more stabile than in previous reports with smaller price increases compared to the past several years.

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    We expect that the 2nd half of 2008 will show a more significant slowing in both price appreciation and demand as the world economy has moved into a period of uncertainty with the credit crisis and the looming possibility of recession.

We look forward to sharing updated information as it comes in and will provide you with the latest data both on the New York Habitat Blog as well as in the Furnished Apartment Market Report Sections of our website.

Thank you for taking the time to read our New York Furnished Apartment Market Report.

If you have any questions, suggestions or would like to learn moreabou the New York Market, feel free to e-mail us at marketreport@nyhabitat.com or visit our website www.nyhabitat.com

Section IV: Market Summary

Copyright ©2008 by New York Habitat VL , Inc.

New York Habitat Website

To view pictures and descriptions of our furnished apartments and for general in- formation about New York Habitat, please visit: http://www.nyhabitat.com.

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New York Habitat Blog

For access to real estate market news, local event and neighborhood information and apartment rental tips , please visit and participate in our blog: http://www.nyhabitat.com/blog.

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Contact us

307 Seventh Avenue Suite 306 New York, NY 10001-USA Phone: +1 (212) 255 8018 Fax: +1 (212) 627 1416 Email: marketreport@nyhabitat.com

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