Renters in Manhattan are pushing back against exorbitant prices

Renters are increasingly rejecting the surge in rental prices in Manhattan.
In September, the median rental price fell 1.2% to $3,396 year-over-year, according to a report from Douglas Elliman Real Estate released on Thursday. This was only the second time in 2016 that the median rent fell. It was flat in August, Bloomberg noted. 
A quarterly report from the same firm released earlier in October showed that the number of sales fell 18.6% in the third quarter.