Stat of The Day: New York Homebuyers’ Income Jumps

Between 1996 and 2006, the median reported income for recipients of conventional home loans jumped 40 percent, from $86,000 to $120,000. That’s according to the brand-new State of New York City’s Housing & Neighborhoods from N.Y.U.’s Furman Center for Real Estate & Urban Policy.

More stats to come from the annual report, wherein the most recent numbers come from 2006, but that extend back to the early 1990’s.

Stat of The Day: New York Homebuyers’ Income Jumps