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What does rising prices means for first-time home buyers in New York City

New York
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StreetEasy studied affordable listings in a given area, between June and August that would be affordable to New Yorkers aged 25-44 with an annual income of $70,406. The median asking price of all the homes StreetEasy considered affordable in the top 10 neighborhoods was $352,780. Midtown East and the Upper East Side were two surprising Manhattan neighborhoods that made StreetEasy’s list. An uptick in luxury sales is causing price growth in NYC, the median asking price in Manhattan reaching $1,425M. NYC has never been known for affordability, but for buyers who are on a budget, some neighborhoods will fall within the budget.

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