Investors dominate the affordable homeownership market in New York City.
"Nearly two-thirds of affordable homes were purchased by investors in 2017, according to a report released this week," reports Joe Anuta.
The report, by the Center for New York City neighborhoods, "found that 62% of affordable homes—which it defines as a property a household making the median income could purchase with a mortgage—were purchased mostly with cash in 2017 by limited-liability companies, frequent buyers of homes, or entities that flipped the property within a year."
FULL STORY: Investors purchased majority of affordable homes in 2017
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Atlanta Changes Beltline Rail Plan
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