Manhattan real estate brokers see positive signs of recovery

New rentals in Manhattan soared for the first time since the pandemic in October, jumping 33%. Lower rents are finally bringing people back to the city, as prices fell 16% over last year. Caution is advised: there are still a record number of empty rentals and sales inventory, and the state and city budget holes aren’t going away, with the prospect of higher taxes looming over buyers. CNBC’s Robert Frank reports.

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