#inventory-constraints
#inventory-constraints

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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.

Real estate

fromwww.housingwire.com

2 months ago

Existing-home sales up in February, market faces spring challenges

Housing affordability improved for the eighth consecutive month with the NAR Housing Affordability Index reaching 117.6, yet home sales remain significantly below pre-pandemic levels despite strong job growth and wage gains outpacing home price growth.

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#inventory-constraints#inventory-constraints

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

Existing-home sales up in February, market faces spring challenges

#inventory-constraints
#inventory-constraints