Women’s flats will be worth more to buyers in 2020: report

WASHINGTON — Women’s prices will rise by almost 20 percent in 2020 as more women opt for larger apartments and the market for the older women’s apartments declines, a report by investment bank Jefferies said Wednesday.

The median price of a typical 1,000-square-foot unit in New York City rose about 6.7 percent in 2018 to $1,821, according to the report by Jefferies Group, which tracks global housing prices.

The median price for a two-bedroom unit rose about 9.5 percent to $2,898.

The report did not provide data on the price of condos.

The index is based on a median price and is a measure of relative prices, not the market’s current market price.

The report comes on the heels of a report from Morgan Stanley that said women would be spending more on housing in 2020 than they did in the previous year.

The company expects women’s apartment prices to rise 7 percent in 2019, compared to 6.5 percentage points in 2018, the report said.

The average price of an apartment in New Jersey rose to $5,000 from $3,500 in 2019.

The market is dominated by older women, with the median age of women buying homes in 2020 nearly doubling to 40.9 years, from 28.6 years in 2019 and 25.6 in 2018.

The age of the median woman buying a home increased from 40.2 in 2019 to 40 in 2020, the survey said.

More from Jefferies: “As the population ages, the cost of living is likely to rise faster than income, according.

The rise in costs of housing has accelerated in recent years as the Baby Boom generation has aged and is likely headed toward retirement, Morgan Stanley noted in its report.

It said the affordability of housing for men and women has also increased.”