Good news: NYC now only the 3rd least-affordable U.S. housing market – Robert Khodadadian

Miami again topped the list of least affordable U.S. housing markets in July, ahead of Los Angeles and New York, which fell to third place, according to a report comparing home prices to median annual incomes. A New York City household earning the median annual income of $68,000 would have to spend 84.6 percent of that to afford a median-priced home, RealtyHop‘s monthly index found. In Los Angeles, a typical household would need to put

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Cross Post, Home Page, Residential Real Estate, Home Prices, home sales, Housing Market The Real Deal New York Read More