Item 1 of 3 People attend a protest and rally against New York City’s law against short-term rentals and Airbnb's in New York City, U.S., July 12, 2023.

Wired reports a 70% drop in Airbnbs available in the city, while there is also a reported uptick in the number of long-term rentals in the city.

According to our data, 85% of NYC rental agents report that the housing shortage has impacted their business. Brokers will still be paid for their work with the new law. Brokers provide a valuable ...