According to Streeteasy, it takes the average American 7.3 years to save up for a down payment to buy a home.
But in the Big Apple, it takes more than a decade longer, an average of 18.1 years, to save the 20 percent down payment.
The main reason is high housing prices. The median price of a home sold in New York City is over $637,000, nearly three times the national figure.
The report said the city has a far higher share of first-time home buyers than the rest of the country.
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