Condo Prices Fall 2% Year-Over-Year Offering Gen Z Millennials Entry Point
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币界网报道：Condo prices have declined for the second consecutive year, creating an entry point for millennial buyers in major urban markets. Analysts note the drop reflects softening demand amid economic uncertainty, with average prices down 5-10% in key cities like New York and San Francisco. Developers are offering incentives including reduced down payments and flexible financing to attract younger buyers. Industry experts suggest this trend may continue through 2024 as inventory levels remain high and mortgage rates stabilize. The shift presents a rare opportunity for first-time millennial homebuyers who were previously priced out of the market.
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