Rental rates are on the dip but mainly due to the many jobs that are being lost each and every day as companies continue to trim down work forces, trying to save as much as they can. No jobs means less cash for rent so even with low rental rates people aren’t buying it, opting for other housing options outside city limits that are desirable lower compared to properties within city limits. Areas like Manhattan, one of the most expensive real estate properties in the world have no dips in property prices mainly due to the fact they have already been taken. They are also suffering from less people who are renting prime real estates, for with rent so high, only the very fortunate do get tp rent pricey apartments within the city and nearby areas as well.