What You’ll Get in NYC for $975,000
RealtyHop Blog
by Allyson Waddell
1w ago
New York City hosts the country’s fourth least affordable housing market, forcing buyers to carefully asses their budget and search criteria during the buying process. Buyers looking for larger apartments with multiple bedrooms can still find appealing options. The following units under $975,000 include private outdoor space, impressive primary suites, and access to building amenities. 400 E 56th Street #11G Manhattan, NY PRICE $975,000 BED 2 BATH 2 TYPE Co-op NEIGHBORHOOD Midtown East BOROUGH Manhattan Midtown East buyers will appreciate this spacious two-bedroom, two-bathroom unit ..read more
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A Generational Wealth Gap: Is Housing Affordable for Young People in Your City?
RealtyHop Blog
by Shane Lee
2w ago
As home prices continue to rise, young people have felt the American dream of homeownership quickly slipping away. However, as millennials and Gen Zers voiced their frustrations, the previous generation pushed back, arguing that buying a home years ago was just as expensive. This exchange has sparked a generational clash, igniting tensions and passionate discussions between both sides. In our Generational Wealth Gap series, we answer whether housing is more expensive for younger people today. This is the last report of our three-part series, which focuses on housing affordability in 1970 vs. 2 ..read more
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A Generational Wealth Gap: Is Housing Affordable for Young People in Your Area?
RealtyHop Blog
by Shane Lee
3w ago
As housing prices have skyrocketed across the country, young Americans have felt the dream of homeownership quickly slipping away. However, as Millennials and Gen Zers voiced their frustrations, their parents and grandparents fired back, suggesting that buying a home years ago was just as expensive. This exchange has sparked a generational clash, igniting tensions and passionate discussions between both sides. Our February study covers the generational wealth gap by state. It shows that housing across America is far less affordable now than when previous generations purchased their first homes ..read more
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National Association of Realtors Settlement: Outcomes for Buyers and Sellers
RealtyHop Blog
by Allyson Waddell
3w ago
National Association of Realtors Settlement: Outcomes for Buyers and Sellers On March 15th, 2024, The National Association of REALTORS® (NAR), representing over 1.5 million real estate professionals, announced a settlement to resolve complaints from a collection of home sellers who claimed that current NAR rules inflated the cost of real estate agent commissions. Per the agreement, NAR will pay $418 million in damages over four years and amend commission rules. The agreement also releases over one million NAR members and industry stakeholders from liability, ceasing further litigation from hom ..read more
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What You’ll Get in NYC for $725,000
RealtyHop Blog
by Allyson Waddell
1M ago
New York City hosts the country’s fourth least affordable housing market, forcing buyers to carefully asses their budget and search criteria during the buying process. Buyers can still find appealing options below the median list price. The following units under $725,000 include in-unit laundry, private outdoor space, and access to building amenities like fitness centers. 140 W End Avenue #7A Manhattan, NY PRICE $650,000 BED Studio BATH 1 TYPE Co-op NEIGHBORHOOD Upper West Side BOROUGH Manhattan This spacious studio on the Upper West Side boasts a set of sliding doors that reveal a s ..read more
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Best Cities for Women in Tech
RealtyHop Blog
by Allyson Waddell
1M ago
The tech industry boasts impressive salaries and comfortable working conditions for its employees. However, women in this high-paying sector still earn less than men, generating lower salaries in most cities nationwide. Even in the highest-earning areas, women still cannot generate a substantial enough income to afford a median-priced home on their own, based on the 30% budgeting guideline. To help ease the burden of deciding where to work, RealtyHop researched the 100 best cities for women in tech and ranked them based on their income-generating potential, housing markets, opportunities for w ..read more
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A Generational Wealth Gap: Is Housing Truly More Expensive for Young People Today?
RealtyHop Blog
by Shane Lee
1M ago
As housing prices have skyrocketed across the country, young Americans have felt the dream of homeownership quickly slipping away. But as Millenials and Gen Zers have voiced their frustrations, older Americans have fired back, suggesting that buying a home years ago was just as expensive. This exchange has sparked a generational clash, igniting tensions and passionate discussions between both sides. To settle the debate, we decided to delve into the data to figure out whether housing is actually more expensive for younger Americans today. To do this, we pulled statistics from the most recent 2 ..read more
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RealtyHop Housing Affordability Index: February 2024
RealtyHop Blog
by Allyson Waddell
2M ago
In this February edition of the RealtyHop Housing Affordability Index, we examine what American households across the 100 largest cities need to spend on housing to find out: Is homeownership affordable or possible for the average American family? Homeownership costs continue to burden prospective and current homeowners nationwide at the start of 2024. With low inventory and high-interest rates sticking around, those considering purchasing a home will likely need to spend at least 30% of their income on monthly housing expenses. For this month’s index, we calculated the monthly mortgage pay ..read more
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What You’ll Get in NYC for $825,000
RealtyHop Blog
by Allyson Waddell
2M ago
New York City hosts one of the country’s least affordable housing markets, and prospective buyers must consider market conditions when house hunting. While high-interest rates and asking prices continue to influence the market in the new year, savvy buyers can still find appealing homes that meet their search criteria. The following properties under $825,000 offer private outdoor space, plenty of storage, and access to 24-hour doormen. 60 Sutton Place S #7NN Manhattan, NY PRICE $799,000 BED 2 BATH 1 TYPE Co-op NEIGHBORHOOD Midtown East BOROUGH Manhattan Enjoy access to a private outd ..read more
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What You’ll Get in NYC for $950,000
RealtyHop Blog
by Allyson Waddell
3M ago
New York City features one of the country’s lease affordable housing markets, where prospective buyers must consider market conditions when house hunting. Savvy buyers can navigate the high-interest rates and asking prices to find homes within their budgets that meet their desired criteria. The following homes under $950,000 offer in-unit laundry, renovated kitchens, and access to state-of-the-art fitness centers. 345 E 56th Street #15G Manhattan, NY PRICE $950,000 BED 2 BATH 2 TYPE Co-op NEIGHBORHOOD Midtown East BOROUGH Manhattan This south-facing co-op unit receives plenty of natu ..read more
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