“Hybrid” home-seekers on the hunt

From the June issue: With temperatures spiking and new college graduates looking for apartments, June marks the start of the busiest time of year for rental agents in New York City.

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This year, they’re even busier than normal. As the shortage of for-sale inventory keeps a stranglehold on the sales market, brokers said they’re seeing an unusually high number of “hybrid” customers — clients who are open to either buying or renting. That’s making an already tight rental market even more competitive. [more]