#home-down-payments

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#median-income #nyc-housing-affordability #rental-market-trends #inventory-constraints #nyc-housing-market
NYC real estate
fromNew York Post
7 hours ago

It takes 20 years for New Yorkers to save for a 20% down payment as affordability issues persist

A median-priced NYC home requires about 20 years of disciplined saving for a median-income earner, while rents keep rising and inventory keeps shrinking.
NYC real estate
fromCurbed
9 hours ago

It Will Take the Average New York City Buyer 20 Years to Save for a Down Payment

At median income levels, saving for a down payment takes about 20 years, while rents hit a new record and inventory remains tight.
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