Breaking Down The Hottest Neighborhoods Of The Last Decade, And Which To Watch In 2020
NEW YORK (CBSNewYork) - If you've lived in New York City for the past decade, chances are good your neighborhood has changed, a lot.
New York real estate has always been pricey, but affordable housing has never been harder to come by.
The real estate site StreetEasy looked back at recorded sales for the last decade.
The found median prices 49% higher citywide when compared to 2010. In some neighborhoods prices more than doubled.
Nancy Wu, an economist from StreetEasy, stopped by CBSN New York to discuss the changes.
The neighborhoods where median sales prices rose the most?
- Cobble Hill, up 211%
- Greenpoint, up 192%
- Lower East Side, up 168%
Wu predicts these neighborhoods may be hot in 2020:
For more, watch the full interview in the video above.
