• The New York City real estate market has gotten so bad that people are paying millions to live in the basement

    1 month ago - By Business Insider

    New York City real estate is so outrageous that homebuyers are paying millions for underground apartments, according to a New York Times article.
    Below-grade spaces offer more space at a fraction of the cost of other units in their buildings.
    A pilot program is in the works for the creation of legal basement and cellar apartments in Brooklyn - if successful, it would ideally bring more affordable housing.
    New York City real estate may currently be a buyer's market at all price points , but that doesn't mean it's becoming any less outrageous.
    The real estate market in New York City has...
    Read more ...

     

  • 20 of the best places to live for first-time homebuyers

    20 of the best places to live for first-time homebuyers

    1 month ago - By Business Insider

    Saving enough money for a down payment to buy a home isn't easy these days.
    In fact, 39% of millennial homebuyers find it difficult to save for a down payment, according to Zillow Group's Housing Trends Report .
    RealEstate.com found the places where first-time home buyers can save for a down payment the fastest based on average income and savings rates.
    There are only six cities where it takes the average person less than four years to save for a down payment.
    Saving for a down payment can be tough, especially when it's your first home.
    The price of housing has become so high that it can...
    Read more ...