Manhattan Best for Homebuyers Since 2006 as Rents Jump

Andy Queen and his wife have been apartment renters in Manhattan since selling their home in 2006, when prices were climbing to their peak. They jumped back into the buyer’s market this year after their landlord sought a 16 percent increase to their monthly payments.

“That got my attention,” said Queen, 46, a director of commercial operations for the advertising agency MRM. “We quickly tried to figure out what our options are.”