A “starter home” is practically unheard of in New York City. New studies show New Yorkers buy their first homes later in life than the average American and keep them longer before reselling, Crain’s reported. The average New York City homebuyer is three years older than the average American homebuyer, according to recent surveys and 61 percent of NYC homebuyers last year were acquiring their first home compared to 46 percent nationwide, according to StreetEasy’s […]
source https://therealdeal.com/2019/04/07/nyc-starter-homes-are-becoming-extinct/
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