Real Estate

Good luck buying a home in Manhattan

NYC condos are seeing competition unrivaled in bubble years

Per Bloomberg News, NYC apartments have never been harder to find — ever:

Manhattanites with budgets that would buy mansions in most of America are discovering it’s tough to find even a two-bedroom apartment in New York as the inventory of homes shrinks. The number of available units for less than $3 million — those generally considered nonluxury — has plunged by the most on record, creating a shortage that’s unlikely to be alleviated any time soon as developers focus on ultra high-end condos that have set price records by wealthy investors.

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3d rendering of a row of luxury townhouses along a street

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