How New York’s Housing Crunch Has Poured Gasoline on a Festering Homeless Crisis

A land of four-figure rents and homes that easily costs seven figures, New York City’s white-hot real estate and rental prices have recently shown signs of moderating.

Unfortunately, the cooler market is unlikely to stave off another crisis already gripping the city: A homeless population that recently skyrocketed to a record high above 60,000 — bedeviling the efforts of city policymakers and advocates who are trying to alleviate the problem.