Developers in New York City are increasingly targeting luxury buyers while avoiding the construction of affordable starter homes, exacerbating the city’s already steep housing market. The shift has led to a growing shortage of entry-level properties, further driving up prices for first-time buyers struggling to enter the market. Industry trends suggest a deliberate focus on high-end real estate, leaving lower-income residents with fewer options. Experts warn this pattern could deepen housing inequality unless policies intervene to encourage more diverse housing development.
Exclusive | NYC developers shunning entry-level buyers — pushing city’s house prices even higher New York Post
