Slump could create renters’ market

The housing slump may could be helping renters, some experts say, as Wall Street layoffs depress demand and new developments increase supply. Some landlords are even offering discounts; some offer a free month’s rent and others will pick up broker fees. Some experts say that rents have dropped about 8 to 10 percent. Gary Malin, president of Citi Habitats, said that while rents haven’t dropped dramatically, renters have more time to shop around and seek out the best deals.