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

Curbed·May 14

✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source

Reports indicate that it may take a significant amount of time for the average buyer to save for a down payment in New York City, with estimates ranging from 20 to 65 years. The issue of affordability in the city's housing market appears to be ongoing. The situation may be influenced by various factors, including larger trends in the housing market and economic policies.

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Exclusive | It’ll take 65 years to save for a down payment in NYC — but less than 4 in this popular city, new data shows

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View original report at Curbed ↗

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