#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
15 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
17 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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